Biglari (NYSE:BH) Major Shareholder Sardar Biglari Sells 100,000 Shares

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 100,000 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $16.75, for a total value of $1,675,000.00. Following the sale, the insider owned 3,900,000 shares in the company, valued at approximately $65,325,000. The trade was a 2.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Sardar Biglari also recently made the following trade(s):

• On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of Biglari stock. The stock was sold at an average price of $16.91, for a total value of $382,166.00.
• On Monday, June 29th, Sardar Biglari sold 100,000 shares of Biglari stock. The stock was sold at an average price of $16.58, for a total value of $1,658,000.00.
• On Friday, June 5th, Sardar Biglari purchased 535 shares of Biglari stock. The stock was acquired at an average cost of $297.14 per share, for a total transaction of $158,969.90.
• On Thursday, June 4th, Sardar Biglari purchased 1,743 shares of Biglari stock. The stock was acquired at an average cost of $286.76 per share, for a total transaction of $499,822.68.
• On Thursday, May 14th, Sardar Biglari purchased 14,351 shares of Biglari stock. The shares were acquired at an average price of $258.06 per share, for a total transaction of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari acquired 15,358 shares of Biglari stock. The shares were bought at an average cost of $260.36 per share, with a total value of $3,998,608.88.
• On Tuesday, May 12th, Sardar Biglari acquired 22,965 shares of Biglari stock. The stock was bought at an average price of $249.84 per share, with a total value of $5,737,575.60.

Biglari Stock Down 2.4%

Biglari stock opened at $426.95 on Wednesday. The company has a quick ratio of 2.44, a current ratio of 2.47 and a debt-to-equity ratio of 0.61. Biglari Holdings Inc. has a 12-month low of $234.91 and a 12-month high of $483.60. The firm’s fifty day moving average is $308.68 and its 200 day moving average is $343.88. The company has a market capitalization of $977.71 million, a PE ratio of -5.86 and a beta of 0.71.

Biglari (NYSE:BH) last issued its earnings results on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share (EPS) for the quarter. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.The company had revenue of $97.48 million for the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Biglari from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its position in shares of Biglari by 608.3% during the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. CWM LLC boosted its stake in Biglari by 45.4% during the 4th quarter. CWM LLC now owns 141 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 44 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Biglari during the 1st quarter valued at about $64,000. State of Alaska Department of Revenue increased its holdings in Biglari by 120.6% during the 4th quarter. State of Alaska Department of Revenue now owns 353 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 193 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Biglari by 15.1% during the 4th quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator’s stock worth $139,000 after purchasing an additional 55 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Biglari Company Profile

Biglari Holdings Inc is a diversified holding company that makes strategic investments and operates businesses across multiple industries, with a primary focus on the restaurant, insurance and media sectors. The company seeks to acquire controlling interests in undervalued enterprises and enhance long-term value through active management and operational improvements. Headquartered in San Antonio, Texas, Biglari Holdings approaches each acquisition with a value-oriented philosophy, emphasizing disciplined capital allocation and hands-on oversight.

In the restaurant segment, Biglari Holdings owns and operates Steak ‘n Shake, a national burger and milkshake chain founded in 1934, as well as Western Sizzlin, a buffet and steakhouse brand.