Insider Buying: Biglari Holdings Inc. (NYSE:BH) CEO Buys 4,994 Shares of Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari acquired 4,994 shares of Biglari stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average cost of $247.33 per share, for a total transaction of $1,235,166.02. Following the completion of the purchase, the chief executive officer now directly owns 1,281,750 shares in the company, valued at approximately $317,015,227.50. This represents a 0.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, November 14th, Sardar Biglari acquired 4,663 shares of Biglari stock. The shares were acquired at an average price of $328.48 per share, for a total transaction of $1,531,702.24.
• On Wednesday, August 21st, Sardar Biglari purchased 43,161 shares of Biglari stock. The shares were acquired at an average price of $13.59 per share, with a total value of $586,557.99.
• On Monday, August 19th, Sardar Biglari bought 62,329 shares of Biglari stock. The shares were bought at an average cost of $13.46 per share, with a total value of $838,948.34.
• On Friday, August 16th, Sardar Biglari purchased 21,325 shares of Biglari stock. The shares were bought at an average price of $13.13 per share, with a total value of $279,997.25.

Biglari Trading Up 4.0 %

Shares of NYSE:BH traded up $8.16 during midday trading on Thursday, hitting $212.16. The company had a trading volume of 14,599 shares, compared to its average volume of 2,459. The firm has a fifty day simple moving average of $173.04 and a 200 day simple moving average of $184.57. The company has a current ratio of 1.47, a quick ratio of 1.40 and a debt-to-equity ratio of 0.17. The stock has a market cap of $483.72 million, a price-to-earnings ratio of 1.20 and a beta of 0.71. Biglari Holdings Inc. has a 12 month low of $142.01 and a 12 month high of $219.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Biglari from a “hold” rating to a “strong-buy” rating in a report on Monday.

Institutional Trading of Biglari

Hedge funds and other institutional investors have recently modified their holdings of the stock. Innealta Capital LLC bought a new stake in shares of Biglari during the second quarter worth approximately $25,000. BNP Paribas Financial Markets increased its holdings in shares of Biglari by 81.6% during the first quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after buying an additional 160 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Biglari during the first quarter worth $223,000. Ritholtz Wealth Management grew its position in shares of Biglari by 40.4% in the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after buying an additional 441 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Biglari by 2.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after buying an additional 88 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.