Insider Selling: Biglari (NYSE:BH) Major Shareholder Sells $382,166.00 in Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 22,600 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $16.91, for a total transaction of $382,166.00. Following the sale, the insider 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 filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares 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 stock was sold at an average price of $16.75, for a total value of $1,675,000.00.
• On Friday, June 5th, Sardar Biglari bought 535 shares of Biglari stock. The shares were acquired at an average price of $297.14 per share, with a total value of $158,969.90.
• On Thursday, June 4th, Sardar Biglari bought 1,743 shares of Biglari stock. The stock was acquired 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 stock was acquired at an average price of $258.06 per share, for a total transaction of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari purchased 15,358 shares of Biglari stock. The shares were acquired at an average cost of $260.36 per share, with a total value of $3,998,608.88.
• On Tuesday, May 12th, Sardar Biglari bought 22,965 shares of Biglari stock. The shares were acquired at an average cost of $249.84 per share, with a total value of $5,737,575.60.

Biglari Stock Down 0.5%

Shares of NYSE BH opened at $418.71 on Friday. The company has a market cap of $960.53 million, a price-to-earnings ratio of -5.75 and a beta of 0.62. 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 Holdings Inc. has a 12 month low of $234.91 and a 12 month high of $483.60. The stock has a 50-day moving average price of $313.75 and a two-hundred day moving average price of $345.15.

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

Hedge Funds Weigh In On Biglari

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Biglari by 20.9% in the third quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock valued at $10,569,000 after buying an additional 5,650 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Biglari in the 4th quarter valued at approximately $227,000. Squarepoint Ops LLC acquired a new stake in Biglari during the 4th quarter worth approximately $214,000. Russell Investments Group Ltd. boosted its position in Biglari by 608.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock worth $28,000 after buying an additional 73 shares during the period. Finally, Bank of America Corp DE grew its holdings in Biglari by 72.1% during the 1st quarter. Bank of America Corp DE now owns 1,287 shares of the restaurant operator’s stock worth $424,000 after acquiring an additional 539 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of 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.