Insider Selling: Biglari (NYSE:BH) Major Shareholder Sells $18,766.00 in Stock

Key Points

• Major shareholder Sardar Biglari sold 1,100 Biglari Holdings shares for $18,766, reducing his position by 1.64% to 65,872 shares. The sale follows several larger disposals since late June.
• Biglari shares fell 0.5% to $383.63, while the company reported quarterly revenue of $108.52 million and earnings of $158.17 per share.
• Institutional investors and hedge funds own 74.30% of Biglari’s stock, and Wall Street Zen recently upgraded the shares from “sell” to “hold.”

Biglari Holdings Inc. (NYSE:BH - Get Free Report) major shareholder Sardar Biglari sold 1,100 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $17.06, for a total transaction of $18,766.00. Following the transaction, the insider owned 65,872 shares of the company's stock, valued at $1,123,776.32. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

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

• On Wednesday, August 5th, Sardar Biglari sold 80,000 shares of Biglari stock. The stock was sold at an average price of $16.90, for a total transaction of $1,352,000.00.
• On Monday, August 3rd, Sardar Biglari sold 20,000 shares of Biglari stock. The shares were sold at an average price of $16.73, for a total transaction of $334,600.00.
• On Thursday, July 30th, Sardar Biglari sold 546 shares of Biglari stock. The stock was sold at an average price of $16.70, for a total value of $9,118.20.
• On Wednesday, July 29th, Sardar Biglari sold 6,611 shares of Biglari stock. The shares were sold at an average price of $16.71, for a total value of $110,469.81.
• On Friday, July 17th, Sardar Biglari sold 11,000 shares of Biglari stock. The shares were sold at an average price of $16.71, for a total value of $183,810.00.
• On Monday, July 13th, Sardar Biglari sold 75,000 shares of Biglari stock. The stock was sold at an average price of $16.74, for a total transaction of $1,255,500.00.
• On Thursday, July 2nd, Sardar Biglari sold 9,525 shares of Biglari stock. The stock was 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 value 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 stock was sold at an average price of $16.58, for a total transaction of $1,658,000.00.

Biglari Trading Down 0.5%

Shares of Biglari stock traded down $1.99 on Tuesday, hitting $383.63. 279,371 shares of the company traded hands, compared to its average volume of 103,554. The company has a current ratio of 2.47, a quick ratio of 2.44 and a debt-to-equity ratio of 0.61. The stock's 50 day moving average price is $370.53 and its 200-day moving average price is $347.24. The company has a market cap of $878.51 million, a PE ratio of -3.51 and a beta of 0.64. Biglari Holdings Inc. has a 52 week low of $234.91 and a 52 week high of $483.60.

Biglari (NYSE:BH - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The restaurant operator reported $158.17 earnings per share for the quarter. The firm had revenue of $108.52 million during the quarter. Biglari had a positive return on equity of 5.71% and a negative net margin of 7.33%.

Analyst Ratings Changes

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

Institutional Trading of Biglari

A number of institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp acquired a new position in Biglari during the 1st quarter valued at approximately $64,000. Empowered Funds LLC grew its holdings in shares of Biglari by 1.8% during the first quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator's stock valued at $2,043,000 after buying an additional 165 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Biglari during the first quarter valued at $257,000. American Century Companies Inc. acquired a new position in shares of Biglari in the 2nd quarter valued at $339,000. Finally, Invesco Ltd. acquired a new position in shares of Biglari in the 2nd quarter valued at $2,815,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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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