Biglari (NYSE:BH) Major Shareholder Sells $1,675,000.00 in Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 100,000 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 3,900,000 shares in the company, valued at approximately $65,325,000. This represents a 2.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 transaction 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 transaction of $1,658,000.00.
• On Friday, June 5th, Sardar Biglari bought 535 shares of Biglari stock. The shares were 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 price of $286.76 per share, with a total value of $499,822.68.
• On Thursday, May 14th, Sardar Biglari purchased 14,351 shares of Biglari stock. The stock was acquired at an average cost of $258.06 per share, with a total value of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari acquired 15,358 shares of Biglari stock. The shares were acquired at an average price of $260.36 per share, for a total transaction of $3,998,608.88.
• On Tuesday, May 12th, Sardar Biglari acquired 22,965 shares of Biglari stock. The shares were acquired at an average cost of $249.84 per share, for a total transaction of $5,737,575.60.

Biglari Stock Performance

Shares of NYSE:BH opened at $418.71 on Friday. The company has a market capitalization of $960.53 million, a price-to-earnings ratio of -5.75 and a beta of 0.62. Biglari Holdings Inc. has a 52 week low of $234.91 and a 52 week high of $483.60. The company has a quick ratio of 2.44, a current ratio of 2.47 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $313.75 and a 200 day moving average of $345.15.

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

Hedge Funds Weigh In On Biglari

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of Biglari during the 1st quarter valued at $64,000. Empowered Funds LLC grew its stake in Biglari by 1.8% during the 1st quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator’s stock worth $2,043,000 after buying an additional 165 shares during the last quarter. Jane Street Group LLC acquired a new position in Biglari during the 1st quarter valued at about $257,000. American Century Companies Inc. acquired a new position in Biglari during the 2nd quarter valued at about $339,000. Finally, Invesco Ltd. purchased a new stake in Biglari in the second quarter valued at about $2,815,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

About Biglari

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.