Biglari (NYSE:BH) CEO Buys $799,287.20 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari purchased 2,032 shares of Biglari stock in a transaction dated Monday, November 24th. The stock was bought at an average cost of $393.35 per share, with a total value of $799,287.20. Following the completion of the transaction, the chief executive officer owned 1,324,401 shares in the company, valued at approximately $520,953,133.35. This represents a 0.15% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Biglari Price Performance

Shares of BH stock opened at $300.13 on Thursday. The stock’s 50-day moving average is $335.96 and its 200 day moving average is $303.74. Biglari Holdings Inc. has a 1-year low of $195.05 and a 1-year high of $381.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.35. The company has a market cap of $683.10 million, a P/E ratio of 2.05 and a beta of 0.81.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Biglari from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th.

Institutional Investors Weigh In On Biglari

Several institutional investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in shares of Biglari in the first quarter worth $498,000. Deutsche Bank AG increased its position in shares of Biglari by 111.6% in the 1st quarter. Deutsche Bank AG now owns 364 shares of the restaurant operator’s stock valued at $79,000 after acquiring an additional 192 shares during the period. AXQ Capital LP purchased a new position in Biglari in the 2nd quarter worth $249,000. AlphaQuest LLC acquired a new stake in Biglari during the 2nd quarter worth about $152,000. Finally, Peapod Lane Capital LLC grew its stake in Biglari by 0.3% during the 2nd quarter. Peapod Lane Capital LLC now owns 13,876 shares of the restaurant operator’s stock valued at $4,055,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

About Biglari

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.