Insider Selling: Biglari (NYSE:BH) Major Shareholder Sells 20,000 Shares

Key Points

• Major shareholder Sardar Biglari sold 20,000 Biglari Holdings shares at an average price of $16.73, generating $334,600. The sale reduced his direct ownership by 15.82% to 106,422 shares.
• Biglari has made a series of additional sales recently, including 80,000 shares on August 5 and 132,421 shares on July 1, indicating substantial ongoing insider selling.
• Biglari Holdings reported a quarterly loss of $55.81 per share on $97.48 million in revenue, while institutional investors own 74.3% of the company; Wall Street Zen upgraded the stock from “sell” to “hold.”

Biglari Holdings Inc. (NYSE:BH - Get Free Report) major shareholder Sardar Biglari sold 20,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $16.73, for a total value of $334,600.00. Following the sale, the insider directly owned 106,422 shares of the company's stock, valued at approximately $1,780,440.06. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 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 Wednesday, August 5th, Sardar Biglari sold 80,000 shares of Biglari stock. The shares were sold at an average price of $16.90, for a total value of $1,352,000.00.
• On Thursday, July 30th, Sardar Biglari sold 546 shares of Biglari stock. The shares were sold at an average price of $16.70, for a total transaction of $9,118.20.
• On Wednesday, July 29th, Sardar Biglari sold 6,611 shares of Biglari stock. The stock was 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 shares were 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 shares were sold at an average price of $16.92, for a total value of $161,163.00.
• On Wednesday, July 1st, Sardar Biglari sold 132,421 shares of Biglari stock. The stock was 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 value 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 value of $1,675,000.00.

Biglari Price Performance

BH stock traded up $3.88 during mid-day trading on Wednesday, reaching $396.92. 119,854 shares of the company traded hands, compared to its average volume of 100,315. Biglari Holdings Inc. has a 52-week low of $234.91 and a 52-week high of $483.60. The company has a market capitalization of $908.95 million, a P/E ratio of -5.45 and a beta of 0.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 2.44. The company has a fifty day moving average price of $362.47 and a 200-day moving average price of $349.14.

Biglari (NYSE:BH - Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The restaurant operator reported ($55.81) EPS for the quarter. The firm had revenue of $97.48 million for the quarter. Biglari had a negative net margin of 4.71% and a negative return on equity of 1.20%.

Analysts Set New Price Targets

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

Institutional Trading of Biglari

Large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new position in Biglari during the 1st quarter valued at approximately $64,000. Empowered Funds LLC boosted its stake in shares of Biglari by 1.8% in the first quarter. Empowered Funds LLC now owns 9,433 shares of the restaurant operator's stock worth $2,043,000 after acquiring an additional 165 shares during the period. Jane Street Group LLC bought a new stake in Biglari in the 1st quarter valued at $257,000. American Century Companies Inc. bought a new stake in shares of Biglari in the 2nd quarter worth about $339,000. Finally, Invesco Ltd. bought a new position in Biglari during the second quarter valued at $2,815,000. 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.

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