Biglari (NYSE:BH) Major Shareholder Sells 75,000 Shares

Key Points

• Sardar Biglari, Biglari Holdings’ major shareholder, sold 75,000 shares on July 13 at an average price of $16.74, for total proceeds of about $1.26 million.
• After the sale, Biglari directly owned 3,560,454 shares worth roughly $59.6 million, and the transaction reduced his position by about 2.06%.
• Biglari stock fell 2.5% to $380.43 in Tuesday trading; the company also reported a recent quarterly loss, with EPS of -$55.81 on revenue of $97.48 million.

Biglari Holdings Inc. (NYSE:BH - Get Free Report) major shareholder Sardar Biglari sold 75,000 shares of the business's stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $16.74, for a total value of $1,255,500.00. Following the transaction, the insider directly owned 3,560,454 shares of the company's stock, valued at approximately $59,601,999.96. The trade was a 2.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 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 Thursday, July 2nd, Sardar Biglari sold 9,525 shares of Biglari stock. The shares were sold at an average price of $16.92, for a total transaction of $161,163.00.
• On Wednesday, July 1st, Sardar Biglari sold 132,421 shares of Biglari stock. The shares were sold at an average price of $17.27, for a total transaction of $2,286,910.67.
• On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of Biglari stock. The stock was sold at an average price of $16.91, for a total transaction of $382,166.00.
• 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 shares were sold at an average price of $16.75, for a total transaction of $1,675,000.00.
• On Friday, June 5th, Sardar Biglari bought 535 shares of Biglari stock. The stock was bought at an average price of $297.14 per share, for a total transaction of $158,969.90.
• On Thursday, June 4th, Sardar Biglari bought 1,743 shares of Biglari stock. The shares were bought 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 shares were bought at an average price of $258.06 per share, with a total value of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari purchased 15,358 shares of Biglari stock. The stock was purchased 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 purchased at an average cost of $249.84 per share, with a total value of $5,737,575.60.

Biglari Trading Down 2.5%

Biglari stock traded down $9.71 during trading hours on Tuesday, hitting $380.43. The stock had a trading volume of 16,393 shares, compared to its average volume of 88,889. The business's 50 day simple moving average is $327.28 and its 200-day simple moving average is $348.25. Biglari Holdings Inc. has a one year low of $234.91 and a one year high of $483.60. The stock has a market cap of $871.17 million, a price-to-earnings ratio of -5.25 and a beta of 0.63. 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 posted its earnings results on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. The business had revenue of $97.48 million for the quarter. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Biglari from a "sell" rating to a "hold" rating in a research report on Sunday, May 17th.

Institutional Investors Weigh In On Biglari

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in shares of Biglari by 608.3% during the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. CWM LLC grew its holdings in shares of Biglari by 45.4% in the fourth quarter. CWM LLC now owns 141 shares of the restaurant operator's stock valued at $47,000 after acquiring an additional 44 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Biglari during the first quarter valued at approximately $64,000. State of Alaska Department of Revenue lifted 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 worth $117,000 after acquiring an additional 193 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Biglari by 863.6% in the second quarter. BNP Paribas Financial Markets now owns 424 shares of the restaurant operator's stock worth $124,000 after purchasing an additional 380 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

About Biglari

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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