Biglari Holdings Inc. (NYSE:BH) CEO Buys $794,585.54 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari acquired 2,422 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of $328.07 per share, with a total value of $794,585.54. Following the purchase, the chief executive officer now owns 1,312,054 shares of the company’s stock, valued at $430,445,555.78. The trade was a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, November 22nd, Sardar Biglari acquired 384 shares of Biglari stock. The stock was purchased at an average cost of $207.95 per share, with a total value of $79,852.80.
• On Wednesday, November 20th, Sardar Biglari bought 857 shares of Biglari stock. The shares were bought at an average cost of $210.96 per share, for a total transaction of $180,792.72.
• On Monday, November 18th, Sardar Biglari bought 5,145 shares of Biglari stock. The shares were bought at an average cost of $240.96 per share, for a total transaction of $1,239,739.20.
• On Thursday, November 14th, Sardar Biglari bought 4,663 shares of Biglari stock. The shares were bought at an average cost of $328.48 per share, for a total transaction of $1,531,702.24.
• On Tuesday, November 12th, Sardar Biglari bought 4,994 shares of Biglari stock. The shares were bought at an average cost of $247.33 per share, for a total transaction of $1,235,166.02.

Biglari Stock Performance

Shares of BH stock opened at $210.43 on Monday. The firm has a market cap of $478.94 million, a price-to-earnings ratio of 1.19 and a beta of 0.71. The company’s 50 day moving average is $181.69 and its 200 day moving average is $184.92. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Biglari Holdings Inc. has a 52-week low of $144.20 and a 52-week high of $219.00.

Hedge Funds Weigh In On Biglari

Several institutional investors have recently bought and sold shares of BH. Innealta Capital LLC purchased a new position in Biglari during the second quarter valued at approximately $25,000. Virtu Financial LLC purchased a new position in Biglari in the first quarter worth $223,000. Ritholtz Wealth Management grew 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 last quarter. Barclays PLC grew its holdings in Biglari by 78.6% in the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 869 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Biglari by 2.0% in the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after purchasing an additional 88 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Biglari from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th.

Biglari Company Profile

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.