Biglari (NYSE:BH) CEO Sardar Biglari Acquires 2,032 Shares

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

Biglari Price Performance

BH stock traded up $2.72 during trading on Monday, reaching $286.35. The company’s stock had a trading volume of 139,084 shares, compared to its average volume of 22,254. The company has a market capitalization of $651.73 million, a P/E ratio of 1.96 and a beta of 0.81. The company has a quick ratio of 1.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.16. Biglari Holdings Inc. has a 1 year low of $195.05 and a 1 year high of $381.83. The company’s fifty day moving average is $337.04 and its 200-day moving average is $303.08.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in Biglari by 10.7% in the first quarter. Bank of New York Mellon Corp now owns 2,023 shares of the restaurant operator’s stock valued at $438,000 after buying an additional 195 shares in the last quarter. Deutsche Bank AG lifted its holdings 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 buying an additional 192 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Biglari by 1.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,029 shares of the restaurant operator’s stock worth $2,605,000 after buying an additional 142 shares in the last quarter. Nuveen LLC acquired a new stake in Biglari in the first quarter valued at $3,965,000. Finally, Bridgeway Capital Management LLC raised its position in shares of Biglari by 1.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 15,633 shares of the restaurant operator’s stock worth $3,385,000 after purchasing an additional 165 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.