Biglari (NYSE:BH) Major Shareholder Sardar Biglari Sells 22,600 Shares of Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 22,600 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $16.91, for a total transaction of $382,166.00. Following the completion of the transaction, the insider directly owned 3,777,400 shares in the company, valued at $63,875,834. This represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, June 29th, Sardar Biglari sold 100,000 shares of Biglari stock. The shares were sold at an average price of $16.58, for a total transaction of $1,658,000.00.
• On Friday, June 26th, Sardar Biglari sold 100,000 shares of Biglari stock. The shares were sold at an average price of $16.75, for a total transaction of $1,675,000.00.
• On Friday, June 5th, Sardar Biglari bought 535 shares of Biglari stock. The stock was bought at an average price of $297.14 per share, for a total transaction of $158,969.90.
• On Thursday, June 4th, Sardar Biglari bought 1,743 shares of Biglari stock. The shares were bought at an average cost of $286.76 per share, for a total transaction of $499,822.68.
• On Thursday, May 14th, Sardar Biglari purchased 14,351 shares of Biglari stock. The shares were bought at an average cost of $258.06 per share, with a total value of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari purchased 15,358 shares of Biglari stock. The shares were bought at an average cost of $260.36 per share, with a total value of $3,998,608.88.
• On Tuesday, May 12th, Sardar Biglari purchased 22,965 shares of Biglari stock. The stock was purchased at an average price of $249.84 per share, with a total value of $5,737,575.60.

Biglari Trading Down 2.4%

Shares of NYSE BH traded down $10.38 during trading hours on Tuesday, reaching $426.95. The stock had a trading volume of 46,702 shares, compared to its average volume of 55,334. Biglari Holdings Inc. has a 52-week low of $234.91 and a 52-week high of $483.60. The firm has a market cap of $977.71 million, a price-to-earnings ratio of -5.86 and a beta of 0.71. The business’s fifty day moving average price is $308.68 and its two-hundred day moving average price is $343.88. The company has a current ratio of 2.47, a quick ratio of 2.44 and a debt-to-equity ratio of 0.61.

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

Institutional Trading of Biglari

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in shares of Biglari by 608.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 73 shares during the period. CWM LLC raised its position in shares of Biglari by 45.4% in the 4th quarter. CWM LLC now owns 141 shares of the restaurant operator’s stock worth $47,000 after acquiring an additional 44 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Biglari during the 1st quarter worth $64,000. State of Alaska Department of Revenue lifted its stake in shares of Biglari by 120.6% during the 4th quarter. State of Alaska Department of Revenue now owns 353 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 193 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Biglari by 863.6% during the second quarter. BNP Paribas Financial Markets now owns 424 shares of the restaurant operator’s stock valued at $124,000 after purchasing an additional 380 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Biglari from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th.

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.