Insider Buying: Biglari (NYSE:BH) CEO Purchases $999,519.20 in Stock

Key Points

• Sardar Biglari bought 3,320 shares on March 9 at $301.06 each for $999,519.20, raising his holdings to 1,342,620 shares (a 0.25% increase).
• The CEO has been an active buyer recently, adding roughly $4.7 million of Biglari stock across multiple purchases since December and early March.
• Biglari reported a quarterly loss of ($2.38) EPS with a negative net margin, and the stock trades near $304.90 with a market capitalization of about $694 million.

Biglari Holdings Inc. (NYSE:BH - Get Free Report) CEO Sardar Biglari purchased 3,320 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average cost of $301.06 per share, for a total transaction of $999,519.20. Following the completion of the acquisition, the chief executive officer owned 1,342,620 shares in the company, valued at $404,209,177.20. This represents a 0.25% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, March 6th, Sardar Biglari acquired 2,441 shares of Biglari stock. The shares were purchased at an average cost of $307.20 per share, for a total transaction of $749,875.20.
• On Tuesday, March 3rd, Sardar Biglari purchased 1,146 shares of Biglari stock. The stock was bought 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 stock was purchased 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 stock was acquired at an average price of $1,599.87 per share, for a total transaction of $249,579.72.
• On Monday, December 15th, Sardar Biglari acquired 212 shares of Biglari stock. The shares were purchased at an average price of $698.01 per share, for a total transaction of $147,978.12.
• On Friday, December 12th, Sardar Biglari purchased 449 shares of Biglari stock. The stock was acquired at an average cost of $333.14 per share, with a total value of $149,579.86.
• On Wednesday, December 10th, Sardar Biglari bought 310 shares of Biglari stock. The stock was purchased at an average price of $321.94 per share, with a total value of $99,801.40.
• On Tuesday, December 9th, Sardar Biglari acquired 938 shares of Biglari stock. The stock was acquired at an average cost of $319.08 per share, with a total value of $299,297.04.

Biglari Stock Performance

Shares of NYSE:BH traded up $0.30 on Monday, hitting $304.90. 162,962 shares of the company were exchanged, compared to its average volume of 109,906. The stock's 50 day moving average price is $393.91 and its 200 day moving average price is $351.36. The company has a current ratio of 2.43, a quick ratio of 2.40 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $693.95 million, a P/E ratio of -2.13 and a beta of 0.81. Biglari Holdings Inc. has a 1-year low of $195.05 and a 1-year high of $483.60.

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 negative net margin of 9.48% and a positive return on equity of 2.51%. The company had revenue of $99.87 million for the quarter.

Hedge Funds Weigh In On Biglari

Several large investors have recently bought and sold shares of the stock. CWM LLC increased its holdings in shares of 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 acquiring an additional 44 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Biglari by 128.2% in the third 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. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Biglari by 41.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 171 shares of the restaurant operator's stock worth $50,000 after purchasing an additional 50 shares during the period. Deutsche Bank AG boosted its stake in shares of Biglari by 15.1% during the 4th quarter. Deutsche Bank AG now owns 419 shares of the restaurant operator's stock worth $139,000 after acquiring an additional 55 shares in the last quarter. Finally, Occudo Quantitative Strategies LP grew its holdings in Biglari by 6.9% in the third quarter. Occudo Quantitative Strategies LP now owns 1,011 shares of the restaurant operator's stock valued at $327,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

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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