Insider Buying: Biglari Holdings Inc. (NYSE:BH) CEO Acquires 4,663 Shares of Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari acquired 4,663 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of $328.48 per share, for a total transaction of $1,531,702.24. Following the completion of the purchase, the chief executive officer now owns 1,292,670 shares in the company, valued at $424,616,241.60. The trade was a 0.36 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, November 12th, Sardar Biglari purchased 4,994 shares of Biglari stock. The shares were purchased at an average cost of $247.33 per share, for a total transaction of $1,235,166.02.
• On Wednesday, August 21st, Sardar Biglari bought 43,161 shares of Biglari stock. The stock was bought at an average cost of $13.59 per share, for a total transaction of $586,557.99.
• On Monday, August 19th, Sardar Biglari purchased 62,329 shares of Biglari stock. The stock was acquired at an average price of $13.46 per share, for a total transaction of $838,948.34.
• On Friday, August 16th, Sardar Biglari purchased 21,325 shares of Biglari stock. The stock was acquired at an average price of $13.13 per share, for a total transaction of $279,997.25.

Biglari Stock Up 4.0 %

Shares of NYSE:BH traded up $8.16 during midday trading on Thursday, reaching $212.16. The company had a trading volume of 14,599 shares, compared to its average volume of 2,459. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.40. The stock’s fifty day moving average price is $173.04 and its 200-day moving average price is $184.57. The stock has a market capitalization of $483.72 million, a P/E ratio of 1.20 and a beta of 0.71. Biglari Holdings Inc. has a one year low of $142.01 and a one year high of $219.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Biglari from a “hold” rating to a “strong-buy” rating in a research note on Monday.

Institutional Trading of Biglari

A number of hedge funds and other institutional investors have recently made changes to their positions in BH. Virtu Financial LLC acquired a new position in Biglari in the first quarter worth $223,000. Ritholtz Wealth Management boosted its holdings in Biglari by 40.4% in the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after purchasing an additional 441 shares during the period. Empowered Funds LLC boosted its holdings in Biglari by 4.6% in the third quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock worth $1,568,000 after purchasing an additional 402 shares during the period. BNP Paribas Financial Markets boosted its holdings in Biglari by 81.6% in the first quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after purchasing an additional 160 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Biglari by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after purchasing an additional 130 shares during the period. Institutional investors 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.