Insider Selling: Biglari (NYSE:BH) Major Shareholder Sells 22,600 Shares

Posted by Brenda Bartman on Jun 30th, 2026

Biglari Holdings Inc. (NYSE:BH – Get Free Report) major shareholder Sardar Biglari sold 22,600 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $16.91, for a total transaction of $382,166.00. Following the sale, the insider directly owned 3,777,400 shares of the company’s stock, valued at approximately $63,875,834. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

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

Biglari Stock Down 2.4%

Shares of BH stock traded down $10.38 during trading hours on Tuesday, reaching $426.95. 46,702 shares of the company’s stock were exchanged, compared to its average volume of 55,334. Biglari Holdings Inc. has a fifty-two week low of $234.91 and a fifty-two week high of $483.60. The stock’s 50 day moving average is $308.68 and its 200-day moving average is $343.88. The company has a current ratio of 2.47, a quick ratio of 2.44 and a debt-to-equity ratio of 0.61. The company has a market cap of $977.71 million, a price-to-earnings ratio of -5.86 and a beta of 0.71.

Biglari (NYSE:BH – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The restaurant operator reported ($55.81) earnings per share for the quarter. Biglari had a negative return on equity of 1.20% and a negative net margin of 4.71%.The business had revenue of $97.48 million during the quarter.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on Biglari

Hedge Funds Weigh In On Biglari

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BH. JPMorgan Chase & Co. grew its stake in Biglari by 20.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,656 shares of the restaurant operator’s stock valued at $10,569,000 after purchasing an additional 5,650 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Biglari by 608.3% in the third quarter. Russell Investments Group Ltd. now owns 85 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Biglari by 72.1% in the first quarter. Bank of America Corp DE now owns 1,287 shares of the restaurant operator’s stock worth $424,000 after purchasing an additional 539 shares during the last quarter. Swiss National Bank acquired a new stake in shares of Biglari during the first quarter worth about $475,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Biglari during the fourth quarter worth about $498,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

About Biglari

(Get Free Report)

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.