Biglari Holdings Inc. BH.A

1,724.22 2.81 0.16% as of 25 Sep
Market cap
$491.2M
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 93.34%

Capital & Financial Ratios

Market Cap 491.16
Revenue 373.11
Net Income 0.00
Free Cash Flow 76.75
Net Debt 4.30
Current Ratio 1.10
Debt/Equity 0.22
P/E ratio 0.00
P/S ratio 14.34
P/B ratio 9.60
Past 5Y EPS Growth —
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
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

2020 2021 2022 Q'23
Cash 119 125 107 118
Receivables 19 29 29 26
Inventory 3 4 4 3
Other 3 4 9 8
144 162 149 155
2020 2021 2022 Q'23
Payables 27 37 28 26
ST’ Debt 170 17 27 34
Other 81 79 65 62
288 144 135 142
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — (15.20%) (18.04%)
Cash Flow — 37.74% 10.91%
Earnings — 0.00% 0.00%
Book Value — (0.86%) (3.88%)

Revenue

Mar Jun Sep Dec Year
’26 90 94 91 — —
’22 85 92 92 98 368
’21 94 91 82 99 366
’20 136 97 102 100 434
’19 — — — 158 669
’18 — — — — 810
’17 — — — — 840
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 20 12 17 — —
’22 21 13 66 28 128
’21 165 22 24 18 229
’20 50 48 8 11 118
’19 — — — 54 94
’18 — — — — 21
’17 — — — — 26
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 20 12 17 — —
’22 21 13 66 28 128
’21 165 22 24 18 229
’20 50 48 8 11 118
’19 — — — 54 94
’18 — — — — 21
’17 — — — — 26
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (55.81) 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 23.11 (64.04) (33.74) (13.96) 111.83
’20 (44.44) 121.51 60.07 103.26 (110.05)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — 571.46 409.10 250.50 525.00 540.33 687.50 750.00 999.01

Analyst estimates 2026–2028

Powerpack
Low Price
— — 1,224.98 817.00 681.95 948.97 819.98 1,058.50 1,330.66 1,897.59
High Price
— — — — — — — — — —
Employees
0 0 0 0 0 0 0 — — —
Revenue/Emp
850 840 810 669 434 366 368 — — —
Revenue
18.69% 15.61% 15.94% 15.79% 24.15% 30.79% 31.59% — — —
Gross Margin
146 (13) 17 55 (50) 42 (43) — — —
EBT
17.21% (1.53%) 2.07% 8.24% (11.58%) 11.55% (11.68%) — — —
EBT Margin
99 0 0 0 0 0 0 0 0 0
Net Income
23 21 19 30 32 30 36 — — —
Depreciation
0.00 684.33 2,326.61 1,940.35 1,256.32 1,154.18 1,235.67 0.00 0.00 0.00
Revenue/Sh
48.11 40.77 55.71 131.64 (110.05) 111.83 (107.43) 189.49 (13.45) (143.86)
Earnings/Sh
0.00 21.01 59.40 271.78 340.54 721.21 428.94 0.00 0.00 0.00
Cash Flow/Sh
— 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capex/Sh
0.00 21.01 59.40 271.78 340.54 721.21 428.94 0.00 0.00 0.00
Free CF/Sh
0.00 465.29 1,637.46 1,787.06 1,636.73 1,853.72 1,835.57 0.00 0.00 0.00
Book Value/Sh
— 1 0 0 0 0 0 0 (3) 0
Shares
0.00 0.00 10.60 4.57 2.43 0.00 0.00 — — —
PE Ratio
0.00 0.00 0.00 0.00 4.19 5.89 5.82 — — —
PS Ratio
0.00 0.00 0.00 0.00 3.21 3.67 3.92 — — —
PB Ratio
0.00 0.00 0.00 0.00 4.56 5.88 5.86 — — —
EV/Sales
0.00 0.00 0.00 0.00 16.83 9.41 16.87 — — —
EV/FCF
63 26 21 94 118 229 128 — — —
Op' Cash Flow
(12) (8) (18) (18) (21) (65) (30) — — —
Capex
63 26 21 94 118 229 128 — — —
FCF
4 (26) (11) 2 (144) 18 14 — — —
Working Cap'
289 264 246 335 282 121 119 — — —
Total Debt
191 182 159 222 163 (4) 12 — — —
Net Debt
532 571 570 616 565 588 547 — — —
Sh' Equity
9.11% 9.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROA
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% — — —
ROIC
18.03% 9.08% 3.40% 7.65% (6.43%) 6.15% (5.64%) 0.00% 0.00% 0.00%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2022 · latest quarter Sep 2023

Biglari Holdings Inc. (BH.A) key facts

  • Biglari Holdings Inc. (BH.A) is a Restaurants company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
  • Biglari Holdings Inc.’s revenue for fiscal 2022 (year ended December 2022) was $368.2 million.
  • As of September 25, 2026, BH.A traded at $1,724.22, a market capitalization of $491.2 million.
  • Return on equity was 0.00% and debt-to-equity 0.22.

Source: company filings (standardised) and stockrow calculations.

Biglari Holdings Inc. (BH.A) Latest News

News by impact score

Fine-tune

31 Aug

3

Biglari Holdings' Steak 'n Shake adopts MAGA-themed rebranding that attracts new customers, yet the company's stock trajectory stays complex amid uncertain market reactions. MAGA rebranding at Steak 'n Shake lifts customer interest while leaving stock performance outlook uncertain.

3

Biglari Holdings Inc. records 13.8% sales increase at its 92-year-old burger chain via Bitcoin strategy. Bitcoin strategy produces 13.8% sales growth that may moderately affect operations and sentiment.

19 Feb

3

Steak 'N Shake attributes dramatic sales increase to Bitcoin, directing the cryptocurrency into a strategic reserve that funds employee bonuses. Bitcoin-fueled sales surge at Steak 'N Shake could moderately improve Biglari Holdings' financials and investor sentiment without fundamentally altering its trajectory.

17 Feb

4

Steak 'n Shake reports Bitcoin acceptance has dramatically boosted sales over nine months. Dramatic sales lift from Bitcoin signals major revenue growth for Steak 'n Shake under Biglari Holdings.

26 Jan

3

Biglari Holdings Inc. (BH.A) has experienced strong recent share price momentum, prompting an assessment of its valuation. Analysts are evaluating the factors contributing to this surge, including the company's strategic initiatives and market positioning. The article highlights the potential implications of this momentum on future performance and investor sentiment, suggesting that the current valuation may reflect optimism about the company's growth prospects. The recent share price momentum indicates a moderately noticeable influence on investor sentiment and potential financial performance.

23 Jan

3

Biglari Holdings Inc. will begin offering Bitcoin bonuses to employees, paying them in BTC for each hour worked. This initiative aims to attract talent and enhance employee satisfaction while integrating cryptocurrency into its operations. The company believes this move could set it apart in the competitive restaurant industry. Introducing Bitcoin bonuses may moderately influence employee attraction and retention, impacting operational dynamics.

21 Jan

4

Biglari Holdings Inc. (BH.A) is highlighted as a key player in the restaurant industry's 20% surge this year, driven by strategic initiatives and market positioning. The company has benefitted from a broader recovery in the sector, showcasing resilience and adaptability in its operations. Analysts note that the positive momentum in the restaurant industry is likely to continue, with Biglari Holdings poised to capitalize on emerging opportunities and consumer trends. The restaurant industry's significant growth and Biglari Holdings' strategic positioning are likely to have a substantial impact on 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 service quality, which are expected to drive sales growth. Additionally, the overall restaurant industry is recovering, contributing to a favorable environment for Cracker Barrel's performance. The developments may moderately influence Cracker Barrel's financial performance and competitive positioning within the restaurant sector.

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 activity may influence investor sentiment and reflects a commitment to the company's growth strategy. Insider buying can positively affect market sentiment and investor confidence, but its overall impact on the company's trajectory is expected to be limited.

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 indicates potential inefficiencies in capital allocation, which could hinder growth and investor confidence. Analysts are closely monitoring these developments as they may impact the company's future operations and market standing. Ineffective capital utilization may moderately influence financial performance and investor sentiment.

7 Nov

4

Biglari Holdings Inc. has announced significant developments that may influence its operational strategy and market positioning. The company is focusing on enhancing its investment portfolio and exploring new business opportunities to drive growth. Key initiatives are expected to impact financial performance and investor sentiment positively. Strategic moves and new business opportunities are likely to significantly alter the company's trajectory and investor sentiment.

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 reduced sales in its restaurant segment, particularly at its Steak 'n Shake locations. Despite the challenges, Biglari Holdings remains focused on strategic initiatives to enhance operational efficiency and drive future growth. The decline in revenue and net income indicates potential challenges in financial performance, but the company's focus on strategic initiatives may mitigate long-term impacts.

4 Oct

4

Investors in Biglari Holdings Inc. (NYSE:BH.A) have seen a remarkable return of 239% over the past five years. The company's strategic decisions and market positioning have contributed to this significant growth, attracting attention from both current and potential investors. As the company continues to navigate the market, its performance remains a focal point for stakeholders. 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 potential and strategic direction, suggesting that institutional investors are optimistic about its future performance. The high percentage of hedge fund ownership signals significant investor confidence, which could influence market sentiment and the company's strategic decisions.

1 Sep

3

Top investor issued four warnings to Cracker Barrel's CEO regarding rebranding strategies, emphasizing potential risks and the need for careful consideration. Despite the advisories, the CEO chose to ignore the recommendations, raising concerns about the company's future direction and leadership decisions. Ignoring investor warnings about rebranding could moderately affect Cracker Barrel's competitive positioning and financial performance.

27 Aug

4

Activist investor Sardar Biglari has intensified his focus on Biglari Holdings Inc. following recent controversies surrounding Cracker Barrel. The uproar has provided an opportunity for Biglari to advocate for changes within the company, potentially influencing its strategic direction and market performance. His involvement could lead to significant shifts in management and operational strategies, impacting investor sentiment and the company's future. Biglari's activism is likely to result in major strategic changes that could significantly alter the company's trajectory.

14 Aug

4

Biglari Holdings Inc. announced its latest financial results, highlighting significant growth in revenue and net income. The company attributed this success to strategic investments and operational efficiencies. Additionally, Biglari Holdings is exploring new market opportunities to further enhance its portfolio. The management expressed optimism about future performance and plans to continue focusing on value creation for shareholders. Significant growth in revenue and net income indicates a strong strategic direction that could alter the company's trajectory.

10 Aug

4

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

3

Mixed fundamentals are raising concerns about Biglari Holdings Inc.'s current share price momentum. Analysts are questioning whether the company's financial performance and operational strategies are sufficient to sustain investor confidence. The potential for negative impacts on market sentiment is highlighted, as fluctuations in key metrics could influence future performance. Mixed fundamentals may moderately influence investor sentiment and financial performance.

8 Aug

4

Biglari Holdings Inc. announced significant developments in its operations, including strategic initiatives aimed at enhancing its market position and financial performance. The company is focusing on expanding its portfolio and optimizing existing assets to drive growth. Key metrics and projections indicate a positive outlook for future performance, reflecting management's commitment to shareholder value. Strategic initiatives and operational enhancements are expected to significantly impact the company's future performance and market positioning.

3

Biglari Holdings Inc. reported its Q2 earnings, revealing a decline in revenue and net income compared to the previous year. The company's performance was impacted by various factors, including increased costs and challenges in its restaurant segment. Despite these setbacks, Biglari remains focused on its long-term strategies and operational improvements. The management expressed optimism about future growth opportunities and potential recovery in the market. The decline in revenue and net income indicates moderate challenges that could affect financial performance but are not expected to drastically alter the company's trajectory.

11 May

4

Biglari Holdings Inc. (NYSE:BH.A) reported a net loss of US$33.3 million for Q1 2025, a significant decline from a profit of US$22.6 million in Q1 2024. The company posted a loss per share of US$126, down from a profit of US$79.56 per share in the same quarter last year, despite a 6.2% increase in revenue to US$95.0 million. The stock has seen a 1.2% increase 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. (BH) reported a first-quarter loss of $33.3 million, translating to a loss of $126.40 per share, compared to a profit in the same period last year. Adjusted earnings were $23.37 per share, with revenue at $95 million. The company's shares have declined nearly 6% since the start of the year, although they have increased by 14% over the past 12 months, closing at $239.53. The significant loss and adjusted earnings indicate potential challenges in financial performance, which could moderately influence market sentiment.

3

Biglari Holdings Inc. (NYSE: BH.A) 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 values are not meaningful for assessing operational performance. Shareholders are encouraged to review the detailed 10-Q filing available on the company’s website. The release includes forward-looking statements subject to risks and uncertainties. The significant investment losses may moderately affect financial performance and market sentiment.

27 Apr

4

Biglari Holdings Inc. (BH.A) has delivered an impressive 242% return to its investors over the past five years, reflecting strong performance and effective management strategies. The company's focus on value creation and strategic investments has contributed to this significant growth, positioning it favorably in the market. The substantial return indicates a significant positive shift in investor sentiment and company performance, likely influencing future market dynamics.

31 Mar

3

Biglari Holdings Inc. (NYSE:BH.A) has 70% of its shares owned by hedge funds, particularly Biglari Capital LLC, indicating significant institutional confidence in the company. While this high ownership can lead to volatility in stock price based on hedge fund actions, it also suggests a degree of credibility in the investment community. However, insider ownership is low at less than 1%, and the general public holds 12%, which may not be enough to influence company policy. Analysts currently do not cover the stock, suggesting it may be under the radar. The high institutional ownership indicates potential volatility and influence on stock performance, but the lack of analyst coverage and low insider ownership limits the overall impact.

4 Mar

4

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

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 the company's earnings for the fourth quarter and full year of 2024 and 2023, showing a decline in pre-tax operating earnings and significant investment losses. The company emphasizes that fluctuations in investment gains are not meaningful for assessing operational performance. Biglari Holdings operates in various sectors, including insurance, media, restaurants, and oil and gas. The release also contains forward-looking statements and cautions against undue reliance on them. The reported decline in earnings and significant investment losses may moderately influence financial performance and market sentiment.

11 Feb

4

Biglari Holdings Inc. is highlighted as a promising investment opportunity amidst a robust U.S. market, which has seen a 21% rise over the past year. The company operates restaurants and insurance, with significant revenue growth of 151% over the past year, outperforming the hospitality industry. Biglari's debt-to-equity ratio has improved significantly, and it holds more cash than debt. The company is trading below market average P/E ratios, suggesting potential for value appreciation. Biglari Holdings' significant earnings growth and improved financial health indicate a likely substantial impact on its future performance.

16 Dec

3

Undiscovered Gems In The US Three Promising Small Caps To Watch The article highlights promising small caps that could moderately influence market sentiment and competitive positioning.

stockrow.com/BH.A · Data as of Sep 30, 2023 · For information only; not investment advice. · © 2026 stockrow.com