Insider Buying: Biglari (NYSE:BH) CEO Buys 1,465 Shares of Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari purchased 1,465 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were acquired at an average cost of $306.90 per share, for a total transaction of $449,608.50. Following the transaction, the chief executive officer owned 1,329,807 shares of the company’s stock, valued at $408,117,768.30. This trade represents a 0.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, December 4th, Sardar Biglari acquired 1,139 shares of Biglari stock. The stock was bought at an average cost of $306.05 per share, for a total transaction of $348,590.95.
• On Wednesday, December 3rd, Sardar Biglari bought 2,802 shares of Biglari stock. The stock was bought at an average cost of $303.32 per share, with a total value of $849,902.64.
• On Monday, November 24th, Sardar Biglari purchased 2,032 shares of Biglari stock. The stock was purchased at an average cost of $393.35 per share, for a total transaction of $799,287.20.

Biglari Stock Down 1.7%

Shares of Biglari stock traded down $5.36 during trading on Friday, reaching $304.11. The stock had a trading volume of 27,151 shares, compared to its average volume of 23,437. The company has a market capitalization of $693.36 million, a price-to-earnings ratio of 27.18 and a beta of 0.82. Biglari Holdings Inc. has a 52 week low of $195.05 and a 52 week high of $381.83. The stock has a fifty day moving average price of $334.55 and a two-hundred day moving average price of $306.00. The company has a current ratio of 2.83, a quick ratio of 2.80 and a debt-to-equity ratio of 0.54.

Institutional Trading of Biglari

Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in Biglari by 608.3% in the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 73 shares in 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 increased its position in shares of Biglari by 148.7% during the third quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock worth $31,000 after buying an additional 58 shares during the period. Meeder Asset Management Inc. bought a new stake in Biglari in the third quarter worth approximately $34,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in shares of Biglari by 41.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

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

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.