Biglari (NYSE:BH) Sets New 12-Month High – Here’s What Happened

Biglari Holdings Inc. (NYSE:BH) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $430.79 and last traded at $430.18, with a volume of 94388 shares changing hands. The stock had previously closed at $420.55.

Wall Street Analyst Weigh In

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

Biglari Trading Up 2.3%

The company’s 50 day moving average price is $333.97 and its two-hundred day moving average price is $323.37. The firm has a market cap of $980.81 million, a PE ratio of 38.44 and a beta of 0.81. The company has a quick ratio of 2.80, a current ratio of 2.83 and a debt-to-equity ratio of 0.54.

Insiders Place Their Bets

In other Biglari news, CEO Sardar Biglari bought 3,452 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was acquired at an average price of $463.34 per share, for a total transaction of $1,599,449.68. Following the completion of the transaction, the chief executive officer directly owned 1,335,713 shares of the company’s stock, valued at approximately $618,889,261.42. This represents a 0.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 13,772 shares of company stock valued at $5,050,068. Corporate insiders own 74.70% of the company’s stock.

Institutional Investors Weigh In On Biglari

A number of institutional investors and hedge funds have recently modified their holdings of BH. Russell Investments Group Ltd. boosted its holdings in Biglari by 608.3% during 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. Jones Financial Companies Lllp lifted its position in shares of Biglari by 128.2% during the third quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 50 shares during the last quarter. CWM LLC boosted its stake in shares of Biglari by 148.7% during the third quarter. CWM LLC now owns 97 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 58 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Biglari in the third quarter worth about $34,000. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in Biglari by 41.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator’s stock worth $50,000 after buying an additional 50 shares during the period. 74.30% of the stock is owned by institutional investors.

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.