Weekly CEO Buys Highlight: BIGLARI Holdings Inc., Saul Centers Inc, Chiquita Brands International Inc, Hormel Foods Corp, Symantec Corp.

Weekly CEO Buys Highlight: BH, BFS, CQB, HRL, SYMC

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Jun 06, 2010
Last week’s top five stocks that were bought by their CEOs were BIGLARI HOLDINGS INC, Saul Centers Inc, Chiquita Brands International Inc, Hormel Foods Corp, and Symantec Corp. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Biglari Holdings Inc. (BH, Financial): Chairman and CEO Sardar Biglari, Bought 16,845 Shares

Chairman and CEO of BIGLARI HOLDINGS INC. (BH) Sardar Biglari, bought 16,845 shares on 06/01/2010 at an average price of $285.2. Biglari Holdings Inc., formerly known as The Steak n Shake Company, is engaged primarily in the ownership, operation, and franchising of restaurants in the United States. Biglari Holdings Inc. has a market cap of $409.5 million; its shares were traded at around $285.2 with a P/E ratio of 21.3 and P/S ratio of 0.7.

BH recently reported its second quarter 2010 results. The company announced net sales of $196.7 million for the second quarter of 2010, compared to net slaes of $188 million a year ago. Total revenues were $197.8 million.

Sell:: Interim CFO, VP, Controller Duane Geiger sold 260 shares of BH stock on 12/23/2009 at the average price of 315.45, the price of the stock has decreased by 9.59% since. There are mixed trades from other insiders.

Saul Centers Inc. (BFS, Financial): CEO, 10% Owner B Francis Saul Ii Bought 100,500 Shares

CEO, 10% Owner of Saul Centers Inc. (BFS) B Francis Saul Ii bought 100,500 shares during the past week at an average price of $37.44. SAUL CENTERS, INC. is a real estate investment trust which is engaged in the management and development of the shopping center business of the Saul Organization. Saul Centers Inc. has a market cap of $678.3 million; its shares were traded at around $37.44 with and P/S ratio of 4.2. The dividend yield of Saul Centers Inc. stocks is 3.7%. Saul Centers Inc. had an annual average earning growth of 0.7% over the past 10 years.

Saul Centers recently reported its first quarter 2010 results. Total revenue increased 10% to $43.6 million, compared with $39.7 million in the first quarter of 2009. Operating income increased 9%.

Sell:: Sr. Vice President-Leasing Christopher Netter sold 4,000 shares of BFS stock on 04/08/2010 at the average price of 41.42, the price of the stock has decreased by 9.61% since. Other insiders have also decreased their positions in the company.

Chiquita Brands International Inc. (CQB, Financial): Chairman, President & CEO Fernando Aguirre Bought 40,905 Shares

Chairman, President & CEO of Chiquita Brands International Inc. (CQB) Fernando Aguirre bought 40,905 shares on 06/03/2010 at an average price of $13.12. Chiquita Brands International, Inc. operates as a international marketer, producer and distributor of quality fresh fruits and vegetables and processed foods sold under the `Chiquita` and other brand names. Chiquita Brands International Inc. has a market cap of $588 million; its shares were traded at around $13.12 with a P/E ratio of 7.7 and P/S ratio of 0.2. Chiquita Brands International Inc. had an annual average earning growth of 3% over the past 10 years.

Buy:: Senior Vice President & CFO Michael B Sims bought 3,000 shares of CQB stock on 06/03/2010 at the average price of 12.62, the price of the stock has increased by 3.96% since.

Hormel Foods Corp. (HRL, Financial): Chairman, President and CEO Jeffrey M Ettinger Bought 7,500 Shares

Chairman, President and CEO of Hormel Foods Corp. (HRL) Jeffrey M Ettinger bought 7,500 shares on 06/02/2010 at an average price of $40.5. Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Hormel Foods Corp. has a market cap of $5.41 billion; its shares were traded at around $40.5 with a P/E ratio of 14.3 and P/S ratio of 0.8. The dividend yield of Hormel Foods Corp. stocks is 2.1%. Hormel Foods Corp. had an annual average earning growth of 8.9% over the past 10 years. GuruFocus rated Hormel Foods Corp. the business predictability rank of 5-star.

Hormel Foods recently reported its second quarter results. The company reported fiscal 2010 second quarter adjusted net earnings of $91.3 million, up 14 percent from net earnings of $80.4 million a year earlier. For the six months ended April 25, 2010, adjusted net earnings were $202.5 million, up 25 percent from the same period last year. Diluted adjusted net earnings per share were $1.50, up 25 percent from $1.20 last year.

NWQ Managers owns 436,868 shares as of 03/31/2010, an increase of 32.32% from the previous quarter. This position accounts for 0.1% of the $18.71 billion portfolio of NWQ Investment Management Co.

Buy:: Vice President Phillip L Minerich bought 2,049 shares of HRL stock on 03/04/2010 at the average price of 41.39, the price of the stock has decreased by 2.15% since. There are mixed trades from other insiders.

Symantec Corp. (SYMC, Financial): President & CEO Enrique T Salem Bought 20,000 Shares

President & CEO of Symantec Corp. (SYMC) Enrique T Salem bought 20,000 shares on 06/01/2010 at an average price of $13.92. Symantec, a world leader in Internet security technology, provides a broad range of content security solutions to individuals and companies. Symantec Corp. has a market cap of $11.22 billion; its shares were traded at around $13.92 with a P/E ratio of 10.3 and P/S ratio of 1.9. Symantec Corp. had an annual average earning growth of 17% over the past 10 years. GuruFocus rated Symantec Corp. the business predictability rank of 3.5-star.

Symantec recently reported its fourth quarter fiscal 2010 results. The company announced that its GAAP revenue for the fiscal fourth quarter was $1.531 billion. Non-GAAP revenue was $1.535 billion, up 3 percent over the comparable period a year ago. For the fiscal year, GAAP revenue was $5.99 billion and non-GAAP revenue was $6.01 billion.

George Soros bought 10,200 shares in the quarter that ended on 03/31/2010, which is less than 0.01% of the $6.73 billion portfolio of Soros Fund Management LLC. Jean-Marie Eveillard owns 1,267,740 shares as of 03/31/2010, an increase of 138.32% from the previous quarter. This position accounts for 0.17% of the $12.96 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.

Sell:: EVP and CFO James A Beer sold 2,175 shares of SYMC stock on 06/01/2010 at the average price of 14.07, the price of the stock has decreased by 1.07% since. Other insiders have also decreased their positions in the company.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.