Sardar Biglari Acquires 1,980 Shares of Biglari Holdings Inc (NYSE:BH) Stock

Biglari Holdings Inc (NYSE:BH) Chairman Sardar Biglari purchased 1,980 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were acquired at an average cost of $370.45 per share, for a total transaction of $733,491.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, June 12th, Sardar Biglari bought 3,447 shares of Biglari stock. The shares were acquired at an average price of $534.29 per share, with a total value of $1,841,697.63.
  • On Friday, June 7th, Sardar Biglari acquired 4,827 shares of Biglari stock. The shares were purchased at an average price of $292.60 per share, for a total transaction of $1,412,380.20.
  • On Wednesday, June 5th, Sardar Biglari purchased 15,269 shares of Biglari stock. The stock was bought at an average price of $144.26 per share, for a total transaction of $2,202,705.94.
  • On Friday, May 24th, Sardar Biglari purchased 957 shares of Biglari stock. The shares were purchased at an average cost of $169.55 per share, with a total value of $162,259.35.

NYSE:BH traded up $0.77 during trading hours on Friday, hitting $105.61. 16,663 shares of the stock were exchanged, compared to its average volume of 7,801. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 0.56. Biglari Holdings Inc has a 52-week low of $88.55 and a 52-week high of $204.99.

Biglari (NYSE:BH) last posted its quarterly earnings data on Friday, May 3rd. The restaurant operator reported $28.36 earnings per share for the quarter. Biglari had a return on equity of 5.58% and a net margin of 3.93%. The business had revenue of $181.86 million for the quarter.

Several institutional investors have recently bought and sold shares of the company. Ironwood Investment Management LLC grew its holdings in shares of Biglari by 3.6% during the first quarter. Ironwood Investment Management LLC now owns 3,479 shares of the restaurant operator’s stock worth $492,000 after purchasing an additional 121 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Biglari by 4.0% during the 4th quarter. Prudential Financial Inc. now owns 11,287 shares of the restaurant operator’s stock valued at $1,281,000 after acquiring an additional 429 shares in the last quarter. Strs Ohio acquired a new position in Biglari in the 1st quarter worth $197,000. Rhumbline Advisers acquired a new position in Biglari in the 1st quarter worth $210,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Biglari by 25.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,501 shares of the restaurant operator’s stock worth $1,060,000 after buying an additional 1,500 shares in the last quarter.

Separately, TheStreet upgraded Biglari from a “d+” rating to a “c-” rating in a research note on Friday, March 8th.

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Biglari Company Profile

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. As of December 31, 2018, it operated 413 Steak n Shake company-operated restaurants and 213 franchised units; and 4 Western Sizzlin company-operated restaurants and 55 franchised units.

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