Insider Trading Report: Biglari Holdings (BH)

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  • Sardar Biglari, Chairman and CEO of Biglari Holdings (BH), recently bought 23,613 additional shares. The buy increased his holdings by just under 2 percent. The buy totaled just under $2.6 million.

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  • Biglari has been a buyer of shares over the past year at prices as much as 30 percent below where shares trade today. Other insiders have also picked up smaller stakes. There have been no insider sales in the last three years.

    Biglari Holdings is a conglomerate that owns a number of restaurants, most notable Steak n Shake, as well as an insurance division and the publication Maxim.

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    Shares have traded flat over the past year, and the company is currently running at a loss. However, trading at just over 0.5 times book value and at just under 0.64 price to sales, shares are inexpensive and look primed to continue trending higher.

    Action to take: With no options available given the small-cap nature of the company, traders will have to buy shares. Traders should look for a 15-20 percent rally from here in the next few months, to play off the stock’s long-term trend.

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  • Shares aren’t quite overbought in the short-term yet, but are near that point. So traders might want to make a buy now and hold some capital to lower their cost basis in the coming weeks.