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Biglari Holdings Inc.
BH
NYSE·Consumer Cyclical·Restaurants·Mkt cap $1.3B
$420.92
▲ +0.06%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$234.92 - $483.60
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 44.0% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Iconic brand heritage with Steak n Shake founded in 1934, providing strong customer loyalty and market recognition
- Diversified revenue model reducing dependence on single business segment and providing operational resilience
- Established franchise network enabling capital-efficient expansion with recurring franchise fee revenue streams
- Vertical integration across insurance, energy, and media sectors creating cross-business synergies
Bear Case
1 risk
- Low volatility (beta 0.6).
Growth
Strong growth ahead
Franchise expansion of Steak n Shake and Western Sizzlin brands with lower capital requirements
Value
Deep value opportunity - significant discount to Restaurants & Food Service peers
Momentum
Hot
+26.4% over 3m
Quality
Stable
Strong fundamentals
Dividend
None
No dividend
Smart-money signal
Who's buying BH right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: May 7, 2026
MAY 8, 2026
Earnings recap unavailable for this period.
EPS surprise · last 4Q
0 of 1 beats
Q2 26
—
Next: May 7, 2026
Revenue trend · last 8Q
—
—
+0%
+6%
+10%
+10%
+10%
+3%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
$91.1M
$90.4M
$91.1M
$95.0M
$100.6M
$99.7M
$99.9M
$97.5M
Margins · last 8Q
Gross
—
Operating
—
Profit
-14.9%
Wall Street consensus
Analyst coverage
Live ratings and price targets aggregated across covering analysts.
No analyst coverage on file for this stock yet.