Biglari (NYSE:BH) Stock Price Down 7.7% - Should You Sell?

Key Points

• Shares of Biglari Holdings (NYSE:BH) plunged about 7.7% intraday, trading as low as $301.21 and last near $314.80 versus a prior close of $340.93, with volume roughly 58% below the average session.
• CEO Sardar Biglari bought 2,810 shares at an average price of $302.20, increasing his holdings to 1,345,430 shares and contributing to heavy insider ownership (about 68.53%).
• The company has a market cap of roughly $737 million, a negative P/E (-2.25), solid liquidity (quick ratio 2.40, current ratio 2.43) and moderate leverage (debt/equity 0.60), while the stock trades well below its 50- and 200-day moving averages (~$352).

Biglari Holdings Inc. (NYSE:BH - Get Free Report) shares fell 7.7% during mid-day trading on Thursday . The company traded as low as $301.21 and last traded at $314.8030. 46,762 shares changed hands during trading, a decline of 58% from the average session volume of 111,698 shares. The stock had previously closed at $340.93.

Biglari Trading Down 5.6%

The firm has a market capitalization of $737.22 million, a P/E ratio of -2.25 and a beta of 0.88. The company has a quick ratio of 2.40, a current ratio of 2.43 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $352.68 and a 200-day moving average price of $352.33.

Insider Buying and Selling

In related news, CEO Sardar Biglari purchased 2,810 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $302.20 per share, with a total value of $849,182.00. Following the purchase, the chief executive officer directly owned 1,345,430 shares in the company, valued at $406,588,946. This represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders acquired 9,717 shares of company stock valued at $2,978,074. 68.53% of the stock is owned by insiders.

Institutional Trading of Biglari

Several institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its stake in Biglari by 45.4% in the 4th quarter. CWM LLC now owns 141 shares of the restaurant operator's stock valued at $47,000 after buying an additional 44 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Biglari by 128.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 89 shares of the restaurant operator's stock valued at $29,000 after buying an additional 50 shares in the last quarter. Deutsche Bank AG boosted its stake in Biglari by 15.1% in the 4th quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator's stock valued at $139,000 after buying an additional 55 shares in the last quarter. Occudo Quantitative Strategies LP boosted its stake in Biglari by 6.9% in the 3rd quarter. Occudo Quantitative Strategies LP now owns 1,011 shares of the restaurant operator's stock valued at $327,000 after buying an additional 65 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Biglari by 9.5% in the 4th quarter. Wells Fargo & Company MN now owns 785 shares of the restaurant operator's stock valued at $261,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.