Biglari Holdings Inc. (NYSE:BH) Major Shareholder Sardar Biglari Acquires 43,161 Shares

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari bought 43,161 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was bought at an average cost of $13.59 per share, with a total value of $586,557.99. Following the completion of the acquisition, the insider now owns 364,731 shares in the company, valued at approximately $4,956,694.29. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, August 19th, Sardar Biglari purchased 62,329 shares of Biglari stock. The stock was bought at an average price of $13.46 per share, for a total transaction of $838,948.34.
• On Friday, August 16th, Sardar Biglari acquired 21,325 shares of Biglari stock. The shares were bought at an average cost of $13.13 per share, with a total value of $279,997.25.
• On Wednesday, August 14th, Sardar Biglari bought 62,362 shares of Biglari stock. The stock was purchased at an average price of $12.47 per share, for a total transaction of $777,654.14.

Biglari Stock Performance

NYSE:BH opened at $176.09 on Wednesday. The stock has a market capitalization of $400.78 million, a P/E ratio of 3.94 and a beta of 0.74. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.15. Biglari Holdings Inc. has a 1 year low of $137.01 and a 1 year high of $219.00. The firm has a 50 day moving average of $187.54 and a 200-day moving average of $189.33.

Hedge Funds Weigh In On Biglari

Several institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP grew its holdings in shares of Biglari by 128.4% during the fourth quarter. Gladius Capital Management LP now owns 402 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 226 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Biglari by 18.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the restaurant operator’s stock worth $425,000 after buying an additional 395 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Biglari by 81.6% during the 1st quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after acquiring an additional 160 shares during the last quarter. GSA Capital Partners LLP increased its position in Biglari by 5.5% in the 1st quarter. GSA Capital Partners LLP now owns 2,406 shares of the restaurant operator’s stock valued at $456,000 after acquiring an additional 125 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Biglari by 6.9% in the first quarter. Empowered Funds LLC now owns 8,176 shares of the restaurant operator’s stock worth $1,551,000 after acquiring an additional 525 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Biglari from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

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.