Biglari (NYSE:BH) CEO Sardar Biglari Buys 2,810 Shares

Key Points

• Sardar Biglari bought 2,810 shares on March 13 at an average price of $302.20 (total $849,182), bringing his direct holdings to 1,345,430 shares valued at about $406.6 million (a 0.21% increase).
• The CEO has been repeatedly accumulating stock, with additional recent purchases on Mar 3 (1,146 shares), Mar 6 (2,441), Mar 9 (3,320) and several buys in December, indicating sustained insider accumulation.
• Biglari shares traded around $300 (midday) with a market cap of ~$684.7M, but the company reported a quarterly EPS of -$2.38 and a negative net margin (-9.48%), showing it is currently unprofitable.

Biglari Holdings Inc. (NYSE:BH - Get Free Report) CEO Sardar Biglari purchased 2,810 shares of the stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $302.20 per share, with a total value of $849,182.00. Following the completion of the acquisition, the chief executive officer directly owned 1,345,430 shares in the company, valued at approximately $406,588,946. The trade was a 0.21% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, March 9th, Sardar Biglari acquired 3,320 shares of Biglari stock. The shares were purchased at an average price of $301.06 per share, for a total transaction of $999,519.20.
• On Friday, March 6th, Sardar Biglari acquired 2,441 shares of Biglari stock. The stock was acquired at an average cost of $307.20 per share, with a total value of $749,875.20.
• On Tuesday, March 3rd, Sardar Biglari bought 1,146 shares of Biglari stock. The shares were acquired at an average price of $331.15 per share, with a total value of $379,497.90.
• On Wednesday, December 17th, Sardar Biglari bought 3,452 shares of Biglari stock. The shares were acquired at an average price of $463.34 per share, with a total value of $1,599,449.68.
• On Tuesday, December 16th, Sardar Biglari bought 156 shares of Biglari stock. The shares were acquired at an average cost of $1,599.87 per share, for a total transaction of $249,579.72.
• On Monday, December 15th, Sardar Biglari purchased 212 shares of Biglari stock. The stock was acquired at an average price of $698.01 per share, for a total transaction of $147,978.12.

Biglari Stock Performance

Shares of NYSE BH traded down $7.63 during midday trading on Friday, hitting $300.29. The company's stock had a trading volume of 138,522 shares, compared to its average volume of 158,894. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.40 and a current ratio of 2.43. Biglari Holdings Inc. has a 1-year low of $195.05 and a 1-year high of $483.60. The firm's fifty day moving average price is $391.01 and its 200-day moving average price is $351.00. The firm has a market cap of $684.65 million, a P/E ratio of -2.09 and a beta of 0.81.

Biglari (NYSE:BH - Get Free Report) last released its quarterly earnings data on Saturday, February 28th. The restaurant operator reported ($2.38) earnings per share for the quarter. Biglari had a positive return on equity of 2.51% and a negative net margin of 9.48%.The business had revenue of $99.87 million for the quarter.

Analyst Upgrades and Downgrades

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

Institutional Trading of Biglari

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC lifted its position in Biglari by 8.0% in the 4th quarter. Empowered Funds LLC now owns 11,607 shares of the restaurant operator's stock valued at $3,859,000 after purchasing an additional 863 shares during the last quarter. Susquehanna Portfolio Strategies LLC bought a new position in Biglari in the 4th quarter worth about $548,000. Polymer Capital Management US LLC bought a new position in Biglari in the 4th quarter worth about $389,000. Quadrature Capital Ltd increased its stake in shares of Biglari by 184.5% in the fourth quarter. Quadrature Capital Ltd now owns 1,593 shares of the restaurant operator's stock valued at $530,000 after purchasing an additional 1,033 shares during the period. Finally, Occudo Quantitative Strategies LP increased its stake in shares of Biglari by 135.5% in the fourth quarter. Occudo Quantitative Strategies LP now owns 2,381 shares of the restaurant operator's stock valued at $792,000 after purchasing an additional 1,370 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

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.

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