Biglari Holdings Inc. (NYSE:BH) CEO Purchases $79,852.80 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari purchased 384 shares of the stock in a transaction dated Friday, November 22nd. The stock was bought at an average cost of $207.95 per share, with a total value of $79,852.80. Following the completion of the purchase, the chief executive officer now owns 1,309,161 shares in the company, valued at $272,240,029.95. The trade was a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 20th, Sardar Biglari purchased 857 shares of Biglari stock. The stock was bought at an average cost of $210.96 per share, with a total value of $180,792.72.
• On Monday, November 18th, Sardar Biglari purchased 5,145 shares of Biglari stock. The stock was bought at an average cost of $240.96 per share, with a total value of $1,239,739.20.
• On Thursday, November 14th, Sardar Biglari acquired 4,663 shares of Biglari stock. The stock was acquired at an average price of $328.48 per share, with a total value of $1,531,702.24.
• On Tuesday, November 12th, Sardar Biglari acquired 4,994 shares of Biglari stock. The stock was acquired at an average price of $247.33 per share, with a total value of $1,235,166.02.

Biglari Price Performance

Shares of BH opened at $206.41 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a 50 day simple moving average of $178.08 and a 200 day simple moving average of $184.67. Biglari Holdings Inc. has a 52-week low of $143.40 and a 52-week high of $219.00. The firm has a market capitalization of $469.79 million, a PE ratio of 1.17 and a beta of 0.71.

Hedge Funds Weigh In On Biglari

Several institutional investors and hedge funds have recently modified their holdings of BH. Empowered Funds LLC boosted its position in Biglari by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock worth $1,568,000 after acquiring an additional 402 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in Biglari by 2.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after acquiring an additional 88 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Biglari by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after acquiring an additional 130 shares during the last quarter. Barclays PLC raised its stake in shares of Biglari by 78.6% during the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 869 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Biglari by 40.4% during the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after purchasing an additional 441 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Biglari from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th.

Biglari Company Profile

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance.