CEO Sardar Biglari, Biglari Holdings Insider Buys $3,017,000 of Shares on March 26th, 2014

Sardar Biglari, Chairman and CEO of Biglari Holdings Inc., bought 6,076 shares of Biglari Holdings (Stock Symbol: BH) at $496.66 per share for a total amount of $3.01 million on March 26th, 2014. Biglari Holding is located in San Antonio, Texas. On March 19th, 2014, Biglari Holdings Inc. and First Guard Insurance Company announced today that Biglari Holdings has acquired First Guard Insurance Company and its affiliate, 1st Guard Corporation. On January 24, 2014, Biglari Holdings Inc. announced its latest quarterly results. Biglari Holdings possesses investments in marketable securities directly as well as indirectly through investment partnerships. Direct investments are carried at market value, with unrealized appreciation net of income tax effect included in a separate component of shareholders’ equity. On December 18, 2013, the amount of pre-tax unrealized investment gains was $40.4 million, which if harvested in any given quarter can materially impact and thereby distort net income figures without ramifications for the intrinsic value of the company. Investments held through investment partnerships affect our reported quarterly earnings based on their carrying value. Therefore, our operating businesses are best analyzed before the impact of investment gains/losses. As a consequence, in the preceding table we separate earnings of our operating businesses from our investment gains/losses. According to Capital IQ, Biglari Holdings Inc. has a market cap of $760.39 million, an enterprise value of $809.21 million, and trailing 12 month revenues of $763 million. Biglari Holdings Inc., through its subsidiaries, is engaged in the operation and franchising of restaurants in the United States. It is involved in the ownership, operation, and franchising of restaurants under two restaurant concepts, including Steak n Shake, a classic American brand serving premium burgers and milk shakes; and Western Sizzlin, which offers signature steak dishes and other classic American menu items, as well operates other concepts, Great American Steak & Buffet, and Wood Grill Buffet consisting of hot and cold food buffet style dining. As of September 25, 2013, the company operated 415 Steak n Shake company-operated restaurants and 104 franchised units; and 4 Western Sizzlin company-operated restaurants and 82 franchised units. The company was formerly known as The Steak n Shake Company and changed its name to Biglari Holdings Inc. in April 2010. Biglari Holdings Inc. was founded in 1934 and is headquartered in San Antonio, Texas. Sardar Biglari’s most recent annual compensation from Biglari Holdings Inc. is a salary of $10,900,000, $42,797 in other compensation, and a total compensation of $10,942,800. Mr. Biglari is 36 years old. According to his biography, Mr. Sardar Biglari is Chairman of the Board, Chief Executive Officer of Biglari Holdings Inc. Mr. Biglari was elected Chairman of the Board in June 2008 and appointed Chief Executive Officer in August 2008 following his election to the Board of Directors at the 2008 Annual Meeting of Shareholders. In addition, Mr. Biglari has served as Chairman and Chief Executive Officer of Biglari Capital, a wholly-owned subsidiary of the Corporation and general partner of The Lion Fund, L.P. (“Lion Fund”), a private investment fund, since its inception in 2000. He has served as Chairman, since March 2006, Chief Executive Officer and President, since May 2007, and a director, since December 2005, of Western, a diversified holding company, which was acquired by the Corporation in March 2010. Mr. Biglari has served as a director of CCA Industries, Inc. (“CCA Industries”), a manufacturer and marketer of health and beauty aids, since August 2011. All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.