Insider Selling: Biglari (NYSE:BH) Major Shareholder Sells $1,352,000.00 in Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari sold 80,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $16.90, for a total transaction of $1,352,000.00. Following the completion of the transaction, the insider directly owned 66,422 shares of the company’s stock, valued at approximately $1,122,531.80. This represents a 54.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 transaction 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 shares were 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 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 shares were 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 value 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 stock was sold at an average price of $16.75, for a total value of $1,675,000.00.

Biglari Price Performance

Shares of NYSE BH opened at $385.42 on Friday. Biglari Holdings Inc. has a 52 week low of $234.91 and a 52 week high of $483.60. The business’s 50 day moving average price is $368.80 and its 200 day moving average price is $348.45. The company has a quick ratio of 2.44, a current ratio of 2.47 and a debt-to-equity ratio of 0.61. The firm has a market cap of $882.61 million, a P/E ratio of -5.29 and a beta of 0.63.

Biglari (NYSE:BH) last posted its quarterly earnings results on Friday, August 7th. The restaurant operator reported $158.17 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%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Biglari

Several hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in shares of Biglari by 608.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. CWM LLC grew its position in Biglari by 45.4% during the fourth quarter. CWM LLC now owns 141 shares of the restaurant operator’s stock valued at $47,000 after buying an additional 44 shares during the period. Jones Financial Companies Lllp purchased a new position in Biglari in the first quarter valued at $64,000. State of Alaska Department of Revenue increased its holdings in Biglari by 120.6% in the fourth quarter. State of Alaska Department of Revenue now owns 353 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 193 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Biglari by 863.6% in the second quarter. BNP Paribas Financial Markets now owns 424 shares of the restaurant operator’s stock worth $124,000 after acquiring an additional 380 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Biglari Company Profile

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.