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

by · The Markets Daily

Biglari Holdings Inc. (NYSE:BH – Get Free Report) major shareholder Sardar Biglari sold 22,600 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $16.91, for a total value of $382,166.00. Following the completion of the transaction, the insider directly owned 3,777,400 shares in the company, valued at approximately $63,875,834. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 value 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 value of $1,675,000.00.
  • On Friday, June 5th, Sardar Biglari acquired 535 shares of Biglari stock. The stock was purchased at an average price of $297.14 per share, for a total transaction of $158,969.90.
  • On Thursday, June 4th, Sardar Biglari acquired 1,743 shares of Biglari stock. The shares were acquired at an average cost of $286.76 per share, for a total transaction of $499,822.68.
  • On Thursday, May 14th, Sardar Biglari acquired 14,351 shares of Biglari stock. The shares were acquired at an average cost of $258.06 per share, for a total transaction of $3,703,419.06.
  • On Wednesday, May 13th, Sardar Biglari bought 15,358 shares of Biglari stock. The stock was acquired at an average price 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 stock was acquired at an average cost of $249.84 per share, with a total value of $5,737,575.60.

Biglari Stock Performance

Shares of BH opened at $422.37 on Thursday. The company’s fifty day moving average is $311.32 and its 200-day moving average is $344.54. Biglari Holdings Inc. has a 12 month low of $234.91 and a 12 month high of $483.60. The firm has a market cap of $967.22 million, a price-to-earnings ratio of -5.80 and a beta of 0.62. The company has a quick ratio of 2.44, a current ratio of 2.47 and a debt-to-equity ratio of 0.61.

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

Wall Street Analyst Weigh In

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

Read Our Latest Report on BH

Institutional Trading of Biglari

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. grew its stake in 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 buying an additional 73 shares during the last quarter. CWM LLC lifted its position in Biglari by 45.4% during the 4th quarter. CWM LLC now owns 141 shares of the restaurant operator’s stock worth $47,000 after acquiring an additional 44 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Biglari during the first quarter valued at about $64,000. State of Alaska Department of Revenue boosted its holdings in Biglari by 120.6% during the fourth quarter. State of Alaska Department of Revenue now owns 353 shares of the restaurant operator’s stock valued at $117,000 after acquiring an additional 193 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Biglari by 863.6% in 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 during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Biglari Company Profile

(Get Free Report)

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.

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