Biglari Holdings Inc. BH

344.81 (3.80) (1.09%) as of 25 Sep
Market cap
$1.1B
P/E
0.0×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 22.38
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — 1 4 — — 4 — 1 1 — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 1,110.00
Revenue 405.61
Net Income (29.75)
Free Cash Flow 64.95
Net Debt (24.67)
Current Ratio 2.45
Debt/Equity 0.58
P/E ratio 0.00
P/S ratio 0.21
P/B ratio 0.16
Past 5Y EPS Growth 23.16%
This Y EPS Growth —
Next Y EPS Growth —
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 120 134 338 343
Receivables 22 25 23 25
Inventory 3 4 4 4
Other 7 8 14 12
153 171 379 384
2023 2024 2025 Q'26
Payables 67 63 73 78
ST’ Debt — — — —
Other 30 34 36 39
111 147 156 157
in millions of $

Compound Annual Growth

10y 5y 3y
Sales (7.49%) (1.84%) 2.39%
Cash Flow 7.38% (1.87%) (5.77%)
Earnings 0.00% 0.00% 0.00%
Book Value 1.49% (1.51%) (1.97%)

Revenue

Mar Jun Sep Dec Year
’26 97 109 — — —
’25 95 101 100 100 395
’24 89 91 90 91 362
’23 90 94 91 91 365
’22 85 92 92 98 368
’21 94 91 82 99 366
’20 136 97 102 100 434
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 20 15 — — —
’25 16 42 31 18 107
’24 19 2 11 18 50
’23 20 12 17 24 73
’22 21 13 66 28 128
’21 165 22 24 18 229
’20 50 48 8 11 118
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 14 14 — — —
’25 18 42 28 9 98
’24 15 11 7 15 48
’23 16 14 22 22 74
’22 12 6 61 25 103
’21 161 3 4 7 174
’20 46 45 7 4 101
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (55.89) 158.17 — — —
’25 (126.40) 194.57 (20.38) (191.14) (143.86)
’24 79.56 (171.89) 114.77 (36.60) (13.45)
’23 222.28 6.64 (195.55) 154.05 189.49
’22 (0.98) (244.37) 109.13 32.87 (107.43)
’21 223.29 (64.04) (33.74) (13.96) 111.83
’20 (400.37) 121.51 60.07 103.21 (110.05)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
214.00 193.37 111.00 80.90 37.85 106.00 110.56 137.01 145.95 195.05

Analyst estimates 2026–2028

Powerpack
Low Price
327.83 326.67 295.87 165.65 135.00 188.50 167.39 218.50 271.35 381.83
High Price
21,519 20,732 18,684 10,906 3,862 2,633 2,559 2,466 2,535 2,359
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
850 840 810 669 434 366 368 365 362 395
Revenue
21.39% 18.16% 18.33% 20.21% 31.58% 39.00% 41.49% 42.53% 38.28% 37.80%
Gross Margin
146 (13) 17 55 (50) 42 (43) 65 (8) (48)
EBT
17.21% (1.53%) 2.07% 8.24% (11.58%) 11.55% (11.68%) 17.75% (2.25%) (12.07%)
EBT Margin
99 50 19 45 (38) 35 (32) 56 (4) (37)
Net Income
23 21 19 30 32 30 36 39 40 41
Depreciation
2,318.18 2,280.84 2,326.61 1,940.35 1,256.32 1,153.82 1,235.67 1,259.72 1,296.04 1,516.73
Revenue/Sh
271.22 136.01 55.71 131.64 (110.05) 111.83 (107.43) 189.49 (13.45) (143.86)
Earnings/Sh
172.75 70.02 59.40 271.78 340.54 720.98 428.94 251.73 177.74 410.43
Cash Flow/Sh
(29.85) (19.09) (36.49) (38.01) (47.18) (171.60) (81.97) 4.21 (5.21) (35.97)
Capex/Sh
142.90 50.92 22.91 233.77 293.36 549.38 346.97 255.94 172.53 374.46
Free CF/Sh
1,450.61 1,551.68 1,638.77 1,787.93 1,636.23 1,852.18 1,864.32 2,066.66 2,050.68 2,008.55
Book Value/Sh
0 0 0 0 0 0 0 0 0 0
Shares
3.97 2.06 2.02 0.87 0.00 1.28 0.00 0.85 0.00 0.00
PE Ratio
0.14 0.12 0.05 0.06 0.09 0.12 0.11 0.13 0.20 0.22
PS Ratio
0.22 0.18 0.07 0.06 0.07 0.08 0.07 0.08 0.12 0.17
PB Ratio
0.36 0.34 0.25 0.29 0.46 0.11 0.14 0.13 0.20 0.24
EV/Sales
5.52 15.20 25.43 2.45 1.99 0.24 0.51 0.63 1.50 0.97
EV/FCF
63 26 21 94 118 229 128 73 50 107
Op' Cash Flow
(11) (7) (13) (13) (16) (54) (24) 1 (1) (9)
Capex
52 19 8 81 101 174 103 74 48 98
FCF
8 (23) (8) 6 (141) 21 16 41 23 223
Working Cap'
289 264 246 270 282 121 119 86 101 312
Total Debt
191 182 163 158 163 (4) 12 (34) (33) (26)
Net Debt
532 571 570 616 565 588 556 599 573 523
Sh' Equity
9.54% 4.64% 1.85% 4.18% (3.52%) 3.71% (3.72%) 6.55% (0.44%) (3.96%)
ROA
2.73% 0.02% (2.01%) (1.86%) (0.93%) 2.67% 4.00% 4.77% 3.77% 2.36%
ROIC
20.23% 9.08% 3.40% 7.65% (6.43%) 6.16% (5.60%) 9.52% (0.64%) (6.84%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Biglari Holdings Inc. (BH) key facts

  • Biglari Holdings Inc. (BH) is a Restaurants company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
  • Biglari Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $395.3 million, up 9.15% from fiscal 2024.
  • As of September 25, 2026, BH traded at $344.81, a market capitalization of $1.1 billion.
  • Return on equity was −6.84% and debt-to-equity 0.58.

Source: company filings (standardised) and stockrow calculations.

Biglari Holdings Inc. (BH) Latest News

News by impact score

Fine-tune

31 Aug

4

Biglari Holdings Inc. (BH) reported a 13.8% sales increase at its 92-year-old burger chain driven by its Bitcoin strategy. Bitcoin strategy generates 13.8% sales growth and positions the chain for substantial future gains.

3

Steak ’n Shake adopts MAGA makeover attracting fans while Biglari Holdings Inc. stock stays complicated. MAGA makeover lifts Steak n Shake customer interest but stock complications constrain Biglari Holdings trajectory.

19 Feb

3

Steak 'N Shake attributes dramatic sales rise to Bitcoin, directing coins to a strategic reserve funding staff bonuses. Dramatic sales growth from Bitcoin and reserve allocation could boost financials and sentiment moderately.

17 Feb

4

Steak 'n Shake reports Bitcoin acceptance has dramatically lifted sales over nine months, boosting Biglari Holdings Inc. (BH) performance. Dramatic sales surge from Bitcoin payments represents a major strategic innovation directly enhancing BH's revenue trajectory.

26 Jan

3

Biglari Holdings Inc. (BH) has experienced strong recent share price momentum, prompting an assessment of its valuation. Analysts are evaluating the implications of this price increase on the company's future performance and market position. Factors such as financial health, strategic initiatives, and market dynamics are being considered to determine the sustainability of this momentum and its potential impact on investor sentiment. Recent share price momentum may moderately influence investor sentiment and financial performance.

23 Jan

3

Biglari Holdings Inc. is introducing a unique compensation model for its employees by offering Bitcoin bonuses for each hour worked. This initiative aims to attract talent and enhance employee satisfaction while integrating cryptocurrency into its business operations. The move reflects a growing trend among companies to adopt digital currencies as part of their payment systems. Integrating Bitcoin bonuses may influence employee attraction and retention, impacting operational aspects but not fundamentally altering the company's trajectory.

21 Jan

4

Biglari Holdings Inc. (BH) is among the key players contributing to a 20% surge in the restaurant industry this year. The company has seen significant growth driven by strategic initiatives and market dynamics that favor its operations. As consumer demand rebounds, BH is positioned to capitalize on these trends, enhancing its competitive edge in the sector. The company's strategic initiatives and favorable market conditions are likely to significantly impact its future performance.

15 Jan

3

Cracker Barrel's stock has seen an uptick due to positive market sentiment and strategic initiatives aimed at enhancing customer experience and operational efficiency. The company is focusing on menu innovation and improving its digital presence, which are expected to drive sales growth. Additionally, recent financial results have shown resilience, contributing to investor confidence in the brand's future performance. The developments at Cracker Barrel may moderately influence Biglari Holdings' competitive positioning and market sentiment.

13 Jan

3

Biglari Holdings Inc. CEO Sardar Biglari has purchased over 2,000 shares of the company's stock, signaling confidence in the firm's future performance. This insider buying comes amid ongoing efforts to enhance shareholder value and reflects a personal investment in the company's prospects. The acquisition of shares by the CEO is often viewed positively by investors, as it may indicate a belief in the company's growth potential. Insider buying can positively influence market sentiment and investor confidence, but its overall impact on the company's trajectory is expected to be limited.

20 Nov

3

Cracker Barrel shareholders voted to retain CEO Sandra B. Cochran despite a recent logo controversy that sparked criticism. The decision came during a tense annual meeting where shareholders expressed dissatisfaction with the company's direction and branding choices. Cochran's leadership was defended by the board, emphasizing her role in navigating challenges and driving the company's recovery. The logo change, which faced backlash from customers, was ultimately reversed, but it highlighted ongoing concerns about the brand's identity and customer engagement. Shareholders' support for Cochran indicates a desire for stability amid these challenges. The retention of the CEO amid controversy may influence Cracker Barrel's operational direction and market sentiment but is not expected to drastically alter Biglari Holdings' overall trajectory.

14 Nov

3

Biglari Holdings Inc. is reportedly struggling to utilize its capital effectively, raising concerns about its financial management and strategic direction. The company's recent performance has prompted scrutiny from investors and analysts, who are questioning its ability to generate returns on investments. This situation may impact investor confidence and the company's future growth prospects. Ineffective capital utilization could moderately influence financial performance and investor sentiment.

7 Nov

4

Biglari Holdings Inc. announced its latest financial results, highlighting a significant increase in revenue and net income for the quarter. The company attributed this growth to improved performance in its restaurant operations and strategic investments. Additionally, Biglari Holdings plans to expand its portfolio and explore new business opportunities to further enhance shareholder value. Management expressed optimism about future growth prospects and outlined key initiatives aimed at strengthening the company's market position. The financial results and strategic plans indicate a significant potential for future growth and market performance.

3

Biglari Holdings Inc. reported its Q3 earnings, revealing a net income of $2.5 million, a decrease from $3.1 million in the same quarter last year. Revenue for the quarter was $42.3 million, down from $45.6 million year-over-year. The company attributed the decline to lower sales at its restaurant segment, which faced challenges amid rising costs and competition. Despite these setbacks, Biglari remains focused on long-term growth strategies and operational improvements. The decline in revenue and net income indicates challenges that may moderately affect financial performance and market sentiment.

4 Oct

4

Investors in Biglari Holdings Inc. (NYSE:BH.A) have seen a remarkable return of 239% over the past five years, significantly outperforming the broader market. The company's strategic decisions and management have contributed to this impressive growth, attracting attention from both current and potential investors. Analysts highlight the firm's unique business model and operational efficiency as key factors driving its success. The substantial return on investment indicates significant strategic moves and market positioning that could influence future performance.

7 Sep

4

Biglari Holdings Inc. (NYSE:BH.A) has garnered significant interest from hedge funds, with these investors collectively holding 70% of the company's shares. This substantial ownership indicates strong confidence in the company's future prospects and may influence its market performance. The high percentage of hedge fund ownership suggests significant investor confidence, which could impact the company's trajectory and market sentiment.

1 Sep

3

Top investor issued four warnings to Cracker Barrel's CEO regarding rebranding strategies, emphasizing concerns over the company's direction and potential risks. Despite the advisories, the CEO reportedly ignored the investor's suggestions, raising questions about leadership decisions and future performance. Ignoring investor warnings could affect Cracker Barrel's competitive positioning and financial performance.

27 Aug

4

Activist investor Sardar Biglari is leveraging recent turmoil at Cracker Barrel to push for changes at Biglari Holdings Inc. Following a public dispute over Cracker Barrel's management, Biglari is advocating for strategic shifts within his own company, which includes a focus on enhancing shareholder value. The situation has drawn attention to Biglari Holdings' operational strategies and its potential for growth amidst market challenges. Significant strategic changes are being pursued that could alter the company's trajectory and investor sentiment.

14 Aug

4

Biglari Holdings Inc. announced its financial results for the latest quarter, highlighting a significant increase in revenue and net income compared to the previous year. The company attributed this growth to improved performance in its restaurant segment and strategic investments. Additionally, Biglari Holdings plans to continue its focus on expanding its portfolio and enhancing shareholder value through various initiatives. The substantial revenue and net income growth indicates a significant positive shift in the company's financial trajectory and market positioning.

10 Aug

4

Biglari Holdings Inc. reported a significant turnaround in its financial performance for the second quarter of 2025, achieving earnings per share (EPS) of $195, compared to a loss of $172 per share in the same quarter of 2024. This improvement highlights a strong recovery and positive momentum for the company. The substantial increase in EPS indicates a significant turnaround in financial performance, likely influencing investor sentiment and future growth prospects.

3

Mixed fundamentals are raising concerns about Biglari Holdings Inc.'s current share price momentum. Analysts are observing various financial indicators that suggest potential volatility in the company's performance. Investors are advised to consider these mixed signals when evaluating the stock's future trajectory. Mixed fundamentals may moderately influence investor sentiment and financial performance.

8 Aug

4

Biglari Holdings Inc. announced its financial results for the third quarter, reporting a significant increase in revenue and net income compared to the previous year. The company attributed this growth to strong performance in its restaurant segment and effective cost management strategies. Additionally, Biglari Holdings highlighted its ongoing commitment to expanding its investment portfolio and enhancing shareholder value. The management expressed optimism about future growth prospects and strategic initiatives aimed at further improving operational efficiency. Significant revenue growth and strategic initiatives indicate a likely positive shift in the company's performance and market position.

3

Biglari Holdings Inc. reported its Q2 earnings, revealing a net income of $1.5 million, a decrease from $2.1 million in the same quarter last year. Revenue for the quarter was $42.3 million, down from $45.6 million year-over-year. The company attributed the decline to lower sales at its restaurant segment, which faced challenges amid rising costs and competition. Despite the downturn, Biglari remains focused on strategic initiatives to enhance operational efficiency and drive future growth. The decline in revenue and net income indicates moderate challenges that could affect financial performance and market sentiment.

11 May

4

Biglari Holdings Inc. reported a net loss of US$33.3 million for the first quarter of 2025, a significant decline from a profit of US$22.6 million in the same period last year. The company posted a loss of US$126 per share, compared to a profit of US$79.56 per share in 1Q 2024. Despite this, revenue increased by 6.2% to US$95.0 million. The company's shares rose by 1.2% over the past week. The substantial shift from profit to loss indicates significant challenges that could impact investor sentiment and the company's future performance.

9 May

3

Biglari Holdings Inc. reported its Q1 earnings, highlighting a revenue increase and improved profitability compared to the previous year. The company continues to focus on strategic investments and operational efficiencies to drive growth. Key metrics indicate a positive trend, with management expressing optimism about future performance despite ongoing market challenges. The earnings report shows moderate improvements in financial performance, which may influence investor sentiment and operational strategies.

3

Biglari Holdings Inc. (NYSE: BH.A; BH) reported its first quarter 2025 results, showing pre-tax operating earnings of $9,994,000, up from $5,697,000 in 2024. However, the company experienced significant investment losses of $51,177,000 compared to gains of $23,698,000 in the previous year, resulting in a net loss of $33,275,000, contrasting with net earnings of $22,579,000 in 2024. The company emphasizes that fluctuations in investment gains are not indicative of its operational performance. Shareholders are encouraged to review the detailed 10-Q filing available on the company's website. Biglari Holdings operates in various sectors, including insurance, media, restaurants, and oil and gas. The significant investment losses could moderately affect financial performance and market sentiment.

27 Apr

3

Biglari Holdings Inc. (NYSE:BH.A) has seen a 242% increase in stock value over the past five years, with a recent 3.0% rise in share price. The company's earnings per share (EPS) grew at 12% annually, slower than the share price growth of 28% per year, indicating increased investor confidence. In the last twelve months, total shareholder return was 11%, which is lower than the five-year annual return. The CEO's compensation is modest compared to peers, and potential investors are encouraged to examine the company's growth trends. The significant share price growth relative to EPS suggests a positive investor sentiment, but the slower EPS growth indicates potential limitations in future performance.

31 Mar

4

Biglari Holdings Inc. (BH) has garnered significant attention from hedge funds, with 70% ownership reported among these institutional investors. This high level of hedge fund interest suggests confidence in the company's potential for growth and stability. The article highlights the strategic positioning of Biglari Holdings within the market, indicating that it is viewed favorably by major financial players. Such backing may influence market sentiment and investor behavior moving forward. The substantial hedge fund ownership indicates strong investor confidence, which could significantly impact the company's future performance and market dynamics.

4 Mar

4

Biglari Holdings Inc. reported a net loss of US$3.76 million for the full year 2024, a significant decline from a profit of US$54.9 million in FY 2023. Revenue remained flat at US$362.1 million, and the loss per share was US$13.45, down from a profit of US$189 per share in the previous year. Shares of Biglari Holdings have decreased by 6.0% over the past week. The substantial shift from profit to loss indicates significant challenges that could impact investor sentiment and the company's future performance.

1 Mar

3

Biglari Holdings Inc. has released its 2024 Annual Report, available online, which includes Sardar Biglari's letter to shareholders. The report summarizes earnings for the fourth quarter and full year of 2024 and 2023, showing a decline in net earnings attributable to shareholders. Pre-tax operating earnings for Q4 2024 were $3,896, compared to $3,812 in Q4 2023, while full-year earnings dropped from $54,948 in 2023 to a loss of $3,759 in 2024. The company emphasizes that fluctuations in investment gains should not be regarded as meaningful. The report also includes a caution regarding forward-looking statements and their inherent risks. The decline in net earnings and the emphasis on operating earnings suggest moderate influence on financial performance.

11 Feb

4

Biglari Holdings Inc. is highlighted as a promising investment opportunity, showing a 151% earnings growth over the past year, significantly outpacing the hospitality industry's 15% growth. The company operates restaurants and has diversified revenue streams, including insurance and oil and gas operations. With a manageable debt situation and a price-to-earnings ratio below the market average, Biglari is positioned for potential value appreciation. Its debt to equity ratio has improved from 30% to 1.5% over five years, indicating strong financial health. Significant earnings growth and improved financial metrics suggest a strong potential for future performance.

stockrow.com/BH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com