SAN ANTONIO—Sardar Biglari, Chairman and CEO of Biglari Holdings Inc. (NYSE:BH), has made significant purchases of the company's stock, according to a recent SEC filing. On December 17, Biglari acquired shares of both Class A and Class B common stock, totaling approximately $1.5 million. The purchases were made at a price range between $249.55 and $1250.34 per share. The timing appears strategic, as InvestingPro data shows BH stock has gained nearly 31% over the past six months and maintains a healthy P/E ratio of 1.37.
The transactions were conducted through The Lion Fund, L.P., where Biglari Capital Corp., of which Biglari is the sole member, serves as the general partner. This acquisition increases the shares owned by The Lion Fund to 128,014.7 for Class A and 1,322,582 for Class B stock.
These transactions reflect Biglari's continued investment in Biglari Holdings, a company known for its diverse portfolio in the retail-eating sector.
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