Biglari purchased 344,247 shares (344.2K shares) for $4,543,235.40 across 7 transactions, raising stake to 369,247 shares post-acquisition.
Sardar Biglari, a 10% owner, deployed $4,543,235.40 across 7 separate purchases between August 14–22, 2024, acquiring 344,247 shares at a blended average price of $13.20 and raising his holding from 25,000 shares to 369,247 shares (a +1377.0% increase in his position size). The purchases began near the 52-week low of $8.18 and continued as the stock rose to its current $13.66, which is at the 52-week high, representing a 30-day advance of +18.4% and a 90-day advance of +30.7%. However, Biglari's broader cross-ticker track record reveals a weak pattern: across 20 prior buys on other tickers, his average 90-day return was -33.2% with a 45.00% win rate, suggesting a history of buying into positions that subsequently decline. This multi-transaction filing reflects a material expansion of his LOCO stake at prices well below current levels, but the timing against his demonstrated cross-ticker buying pattern warrants evaluation of whether such accumulation reflects contrarian positioning or prior execution challenges.