Sardar Biglari Sells 80,000 Shares of Biglari (NYSE:BH) Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 80,000 shares of Biglari stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $16.90, for a total value of $1,352,000.00. Following the sale, the insider directly owned 66,422 shares of the company’s stock, valued at approximately $1,122,531.80. The trade was a 54.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 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 value of $334,600.00.
• 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 value 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 stock was 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 value 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 value 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 transaction of $2,286,910.67.
• 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 transaction 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 transaction of $1,658,000.00.
• On Friday, June 26th, Sardar Biglari sold 100,000 shares of Biglari stock. The stock was sold at an average price of $16.75, for a total transaction of $1,675,000.00.

Biglari Stock Performance

Biglari stock traded up $3.88 during midday trading on Wednesday, hitting $396.92. The company’s stock had a trading volume of 119,854 shares, compared to its average volume of 100,315. Biglari Holdings Inc. has a 1-year low of $234.91 and a 1-year high of $483.60. 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 50-day moving average price of $362.47 and a two-hundred day moving average price of $349.14. The company has a market cap of $908.95 million, a price-to-earnings ratio of -5.45 and a beta of 0.63.

Biglari (NYSE:BH) last posted its quarterly earnings data 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 business had revenue of $97.48 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BH. Invesco Ltd. lifted its position in 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 purchasing an additional 30,810 shares during the period. Bridgeway Capital Management LLC increased its holdings in Biglari by 4.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 17,676 shares of the restaurant operator’s stock valued at $5,876,000 after buying an additional 732 shares during the period. Peapod Lane Capital LLC increased its holdings in Biglari by 0.7% in the 4th quarter. Peapod Lane Capital LLC now owns 12,399 shares of the restaurant operator’s stock valued at $4,122,000 after buying an additional 90 shares during the period. Empowered Funds LLC raised its position in shares of Biglari by 8.0% in the 4th quarter. Empowered Funds LLC now owns 11,607 shares of the restaurant operator’s stock valued at $3,859,000 after buying an additional 863 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Biglari by 162.8% during the 3rd 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 period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.