BH Biglari Holdings Inc.

BULLISH Impact: 5/10 Insider Buy
Horizon weeks Filed Jun 5, 2026 Processed 9d 10h ago SEC BH-1780699637023
Insider cluster: 1 insiders, $500K total

Price Chart

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Executive Summary

Chairman and CEO Sardar Biglari purchased $500K of BH stock on the open market on June 4, 2026, at $286.76 per share. This is a solitary conviction buy by the company's top insider, representing approximately 0.07% of market cap, and follows $14.1M in insider buying over the prior 30 days.

Key Financial Metrics

Direction
buying
Total Value
$500.0K
Insiders
1

Actionable Insight

The CEO's open-market purchase adds to a $14.1M insider buying cluster over the past month, signaling strong conviction from the top insider. Monitor for any upcoming 8-K or press release that may explain the buying—this could precede a catalyst such as a buyback, asset sale, or special dividend. The bearish analyst consensus creates a potential sentiment gap if the buying is validated by fundamentals.

Key Facts

  • Chairman and CEO Sardar Biglari purchased 1,700 shares at $286.76 for a total of $500K on June 4, 2026.
  • The purchase is an open-market transaction (SEC Form 4 code P), not a grant or option exercise.
  • The $500K buy represents approximately 0.07% of BH's $680M market cap.
  • This follows $14.1M in insider buying over the prior 30 days, indicating sustained insider conviction.
  • Analyst consensus is bearish with 0% bullish ratings (3 Hold, 3 Sell/Strong Sell).

Financial Impact

$500K open-market purchase by CEO, ~0.07% of market cap

insider ownershipmarket sentiment

Risk Factors

  • The purchase is small relative to market cap (0.07%), limiting its signaling power.
  • Historical reports on BH have shown negative T+20 returns, suggesting the stock may not respond positively to insider buys.
  • Analyst consensus is heavily bearish, with no buy ratings.

Market Snapshot

Exchange
NYSE
Sector
Retail-Eating Places
Analyst Consensus
0% bullish (6 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
INSIDER-BUY Data (Synthetic)BH-1780699637023
3 reports for BH
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for BH — sortable, filterable
Type Now
Jun 11, 2026
3d ago
Institutional Cluster
NEUTRAL ★ 3/10
$312.70 awaiting T+5awaiting T+5$339.90 (+8.70%)
Jun 5, 2026
9d ago
Insider Buy
BULLISH ★ 5/10
$299.03 awaiting T+5awaiting T+5$339.90 (+13.67%)
May 8, 2026
5w ago
8-K
BEARISH ★ 6/10
$247.83 $273.70▼ −10.44%▼ −10.52%$339.90 (−37.15%)
Showing 3 of 3

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