Biglari (NYSE:BH) Stock Price Up 5.7% Following Insider Buying Activity

Biglari Holdings Inc. (NYSE:BH) rose 5.7% on Friday following insider buying activity. The company traded as high as $268.67 and last traded at $272.8810. Approximately 9,202 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 98,952 shares. The stock had previously closed at $258.17.

Specifically, CEO Sardar Biglari bought 14,351 shares of Biglari stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $258.06 per share, with a total value of $3,703,419.06. Following the completion of the purchase, the chief executive officer directly owned 1,398,104 shares in the company, valued at $360,794,718.24. The trade was a 1.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sardar Biglari purchased 15,358 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $260.36 per share, for a total transaction of $3,998,608.88. Following the transaction, the chief executive officer directly owned 1,383,753 shares of the company’s stock, valued at approximately $360,273,931.08. This represents a 1.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In other news, CEO Sardar Biglari acquired 22,965 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $249.84 per share, for a total transaction of $5,737,575.60. Following the acquisition, the chief executive officer owned 1,368,395 shares of the company’s stock, valued at $341,879,806.80. This trade represents a 1.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Biglari from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th.

Biglari Stock Up 4.9%

The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.47. The stock’s 50 day moving average price is $310.40 and its 200-day moving average price is $345.40. The company has a market cap of $620.16 million, a PE ratio of -3.74 and a beta of 0.75.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BH. Invesco Ltd. boosted its holdings in Biglari by 319.8% during the 3rd quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock valued at $13,089,000 after acquiring an additional 30,810 shares during the period. Two Sigma Investments LP increased its stake in Biglari by 162.8% in the 3rd quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock worth $3,742,000 after purchasing an additional 7,163 shares during the period. JPMorgan Chase & Co. lifted its position in Biglari by 20.9% in the third quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock valued at $10,569,000 after purchasing an additional 5,650 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Biglari during the first quarter valued at approximately $1,404,000. Finally, Man Group plc purchased a new stake in shares of Biglari during the second quarter valued at approximately $872,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.