Insider Buying: Biglari (NYSE:BH) CEO Buys $149,579.86 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari bought 449 shares of the stock in a transaction on Friday, December 12th. The shares were bought at an average price of $333.14 per share, for a total transaction of $149,579.86. Following the acquisition, the chief executive officer owned 1,332,477 shares in the company, valued at $443,901,387.78. The trade was a 0.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, December 17th, Sardar Biglari purchased 3,452 shares of Biglari stock. The stock was bought at an average cost of $463.34 per share, with a total value of $1,599,449.68.
• On Tuesday, December 16th, Sardar Biglari acquired 156 shares of Biglari stock. The stock was bought at an average price of $1,599.87 per share, for a total transaction of $249,579.72.
• On Monday, December 15th, Sardar Biglari acquired 212 shares of Biglari stock. The shares were bought at an average cost of $698.01 per share, for a total transaction of $147,978.12.
• On Wednesday, December 10th, Sardar Biglari acquired 310 shares of Biglari stock. The shares were bought at an average price of $321.94 per share, with a total value of $99,801.40.
• On Tuesday, December 9th, Sardar Biglari bought 938 shares of Biglari stock. The stock was purchased at an average price of $319.08 per share, for a total transaction of $299,297.04.
• On Monday, December 8th, Sardar Biglari purchased 973 shares of Biglari stock. The shares were purchased at an average cost of $315.08 per share, for a total transaction of $306,572.84.
• On Friday, December 5th, Sardar Biglari purchased 1,465 shares of Biglari stock. The shares were purchased at an average price of $306.90 per share, with a total value of $449,608.50.
• On Thursday, December 4th, Sardar Biglari acquired 1,139 shares of Biglari stock. The stock was purchased at an average cost of $306.05 per share, with a total value of $348,590.95.
• On Wednesday, December 3rd, Sardar Biglari acquired 2,802 shares of Biglari stock. The shares were purchased at an average cost of $303.32 per share, for a total transaction of $849,902.64.
• On Monday, November 24th, Sardar Biglari bought 2,032 shares of Biglari stock. The shares were purchased at an average price of $393.35 per share, for a total transaction of $799,287.20.

Biglari Stock Up 5.6%

BH stock opened at $341.64 on Friday. The company has a 50 day moving average price of $332.82 and a two-hundred day moving average price of $311.33. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.80 and a current ratio of 2.83. The stock has a market capitalization of $777.57 million, a P/E ratio of 30.53 and a beta of 0.82. Biglari Holdings Inc. has a one year low of $195.05 and a one year high of $381.83.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Biglari from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th.

Hedge Funds Weigh In On Biglari

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in shares of Biglari by 608.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Biglari by 128.2% in the third quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 50 shares during the last quarter. CWM LLC grew its position in Biglari by 148.7% during the third quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 58 shares during the period. Meeder Asset Management Inc. acquired a new stake in Biglari during the third quarter worth about $34,000. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in Biglari by 41.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock worth $50,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Biglari Company Profile

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance.