Insider Selling: Biglari (NYSE:BH) Major Shareholder Sells $1,675,000.00 in Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $16.75, for a total value of $1,675,000.00. Following the transaction, the insider directly owned 3,900,000 shares of the company’s stock, valued at $65,325,000. The trade was a 2.50% 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 stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, June 30th, Sardar Biglari sold 22,600 shares of Biglari stock. The shares were sold at an average price of $16.91, for a total value of $382,166.00.
• On Monday, June 29th, Sardar Biglari sold 100,000 shares of Biglari stock. The shares were sold at an average price of $16.58, for a total value of $1,658,000.00.
• On Friday, June 5th, Sardar Biglari bought 535 shares of Biglari stock. The shares were acquired at an average price of $297.14 per share, with a total value of $158,969.90.
• On Thursday, June 4th, Sardar Biglari purchased 1,743 shares of Biglari stock. The stock was acquired at an average cost of $286.76 per share, with a total value of $499,822.68.
• On Thursday, May 14th, Sardar Biglari purchased 14,351 shares of Biglari stock. The stock was bought at an average price of $258.06 per share, for a total transaction of $3,703,419.06.
• On Wednesday, May 13th, Sardar Biglari acquired 15,358 shares of Biglari stock. The stock was bought at an average price of $260.36 per share, with a total value of $3,998,608.88.
• On Tuesday, May 12th, Sardar Biglari acquired 22,965 shares of Biglari stock. The stock was bought at an average price of $249.84 per share, with a total value of $5,737,575.60.

Biglari Trading Down 2.4%

Shares of NYSE:BH traded down $10.38 on Tuesday, hitting $426.95. The company had a trading volume of 46,702 shares, compared to its average volume of 55,334. The firm’s 50-day simple moving average is $308.68 and its two-hundred day simple moving average is $343.88. The firm has a market capitalization of $977.71 million, a price-to-earnings ratio of -5.86 and a beta of 0.71. The company has a quick ratio of 2.44, a current ratio of 2.47 and a debt-to-equity ratio of 0.61. Biglari Holdings Inc. has a 1 year low of $234.91 and a 1 year high of $483.60.

Biglari (NYSE:BH) last announced its quarterly earnings results on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share (EPS) for the quarter. Biglari had a negative net margin of 4.71% and a negative return on equity of 1.20%. The company had revenue of $97.48 million for the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Biglari from a “sell” rating to a “hold” rating in a report on Sunday, May 17th.

Institutional Investors Weigh In On Biglari

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. increased its stake in shares of Biglari by 319.8% during the third quarter. Invesco Ltd. now owns 40,443 shares of the restaurant operator’s stock valued at $13,089,000 after purchasing an additional 30,810 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Biglari by 162.8% in the 3rd quarter. Two Sigma Investments LP now owns 11,563 shares of the restaurant operator’s stock worth $3,742,000 after purchasing an additional 7,163 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Biglari by 20.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock worth $10,569,000 after purchasing an additional 5,650 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Biglari in the 1st quarter worth approximately $1,404,000. Finally, Man Group plc purchased a new stake in shares of Biglari in the 2nd quarter worth approximately $872,000. Hedge funds and other institutional investors 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.