Insider Buying: Biglari (NYSE:BH) CEO Buys $147,978.12 in Stock

Biglari Holdings Inc. (NYSE:BH) CEO Sardar Biglari purchased 212 shares of the stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of $698.01 per share, with a total value of $147,978.12. Following the transaction, the chief executive officer owned 1,332,629 shares in the company, valued at $930,188,368.29. This trade represents a 0.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, December 17th, Sardar Biglari acquired 3,452 shares of Biglari stock. The stock was acquired at an average price of $463.34 per share, for a total transaction of $1,599,449.68.
• On Tuesday, December 16th, Sardar Biglari acquired 156 shares of Biglari stock. The stock was acquired at an average cost of $1,599.87 per share, for a total transaction of $249,579.72.
• On Friday, December 12th, Sardar Biglari bought 449 shares of Biglari stock. The shares were 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 shares were acquired at an average price of $321.94 per share, with a total value of $99,801.40.
• On Tuesday, December 9th, Sardar Biglari bought 938 shares of Biglari stock. The shares were bought at an average price of $319.08 per share, for a total transaction of $299,297.04.
• On Monday, December 8th, Sardar Biglari acquired 973 shares of Biglari stock. The shares were purchased at an average cost of $315.08 per share, for a total transaction of $306,572.84.
• On Friday, December 5th, Sardar Biglari purchased 1,465 shares of Biglari stock. The shares were purchased at an average cost of $306.90 per share, for a total transaction of $449,608.50.
• On Thursday, December 4th, Sardar Biglari acquired 1,139 shares of Biglari stock. The shares were acquired at an average cost of $306.05 per share, for a total transaction of $348,590.95.
• On Wednesday, December 3rd, Sardar Biglari bought 2,802 shares of Biglari stock. The stock was acquired at an average cost of $303.32 per share, with a total value of $849,902.64.
• On Monday, November 24th, Sardar Biglari bought 2,032 shares of Biglari stock. The shares were bought at an average price of $393.35 per share, for a total transaction of $799,287.20.

Biglari Stock Up 5.6%

Biglari stock opened at $341.64 on Friday. The company has a 50 day moving average of $332.82 and a 200-day moving average of $311.33. The company has a quick ratio of 2.80, a current ratio of 2.83 and a debt-to-equity ratio of 0.54. Biglari Holdings Inc. has a twelve month low of $195.05 and a twelve month high of $381.83. The stock has a market capitalization of $777.57 million, a PE ratio of 30.53 and a beta of 0.82.

Hedge Funds Weigh In On Biglari

Institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its position in shares of Biglari by 7.1% in the third quarter. Alliancebernstein L.P. now owns 1,501 shares of the restaurant operator’s stock valued at $486,000 after purchasing an additional 100 shares during the period. Occudo Quantitative Strategies LP raised its holdings 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 acquiring an additional 65 shares during the period. Two Sigma Investments LP lifted its position in Biglari by 162.8% during the third quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock worth $3,742,000 after acquiring an additional 7,163 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in Biglari by 4.1% during the third quarter. Bridgeway Capital Management LLC now owns 16,944 shares of the restaurant operator’s stock worth $5,484,000 after acquiring an additional 666 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Biglari by 319.8% during the third quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock worth $13,089,000 after acquiring an additional 30,810 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Biglari from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th.

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.