Biglari (NYSE:BH) Sees Strong Trading Volume on Insider Buying Activity

Shares of Biglari Holdings Inc. (NYSE:BH - Get Free Report) saw unusually-high trading volume on Tuesday following insider buying activity. Approximately 5,781 shares were traded during trading, an increase of 92% from the previous session's volume of 3,004 shares.The stock last traded at $245.80 and had previously closed at $236.24.

Specifically, CEO Sardar Biglari purchased 817 shares of Biglari stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of $366.99 per share, for a total transaction of $299,830.83. Following the completion of the purchase, the chief executive officer now directly owns 1,319,993 shares of the company's stock, valued at $484,424,231.07. The trade was a 0.06 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sardar Biglari acquired 516 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $738.70 per share, for a total transaction of $381,169.20. Following the transaction, the chief executive officer now owns 1,319,162 shares of the company's stock, valued at $974,464,969.40. This trade represents a 0.04 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Analysts Set New Price Targets

Separately, StockNews.com raised Biglari from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th.

Biglari Stock Up 8.7 %

The company's 50-day moving average price is $194.66 and its 200 day moving average price is $187.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a market cap of $584.23 million, a PE ratio of 1.43 and a beta of 0.81.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new stake in shares of Biglari in the second quarter worth $25,000. Ritholtz Wealth Management boosted its holdings in Biglari by 40.4% in the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator's stock worth $296,000 after buying an additional 441 shares during the period. Barclays PLC increased its stake in Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator's stock worth $340,000 after buying an additional 869 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Biglari by 2.0% in the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator's stock valued at $760,000 after acquiring an additional 88 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Biglari by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator's stock worth $764,000 after acquiring an additional 130 shares during the period. 74.30% of the stock is currently owned by institutional investors.

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.