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Biglari Holdings Inc (BH)

Upturn stock ratingUpturn stock rating
$292.21
Last Close (24-hour delay)
Profit since last BUY25.46%
upturn advisory
Consider higher Upturn Star rating
BUY since 42 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

06/30/2025: BH (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $500

1 Year Target Price $500

Analysts Price Target For last 52 week
$500Target price
Low$
Current$292.21
high$

Analysis of Past Performance

Type Stock
Historic Profit 20.19%
Avg. Invested days 29
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 891.00M USD
Price to earnings Ratio -
1Y Target Price 500
Price to earnings Ratio -
1Y Target Price 500
Volume (30-day avg) -
Beta 0.97
52 Weeks Range 159.69 - 296.40
Updated Date 06/29/2025
52 Weeks Range 159.69 - 296.40
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) -43.87

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -16.21%
Operating Margin (TTM) 3.06%

Management Effectiveness

Return on Assets (TTM) 1.41%
Return on Equity (TTM) -10.29%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 908505620
Price to Sales(TTM) 2.42
Enterprise Value 908505620
Price to Sales(TTM) 2.42
Enterprise Value to Revenue 2.47
Enterprise Value to EBITDA 10.45
Shares Outstanding 2068640
Shares Floating 185402
Shares Outstanding 2068640
Shares Floating 185402
Percent Insiders 0.43
Percent Institutions 88.02

Analyst Ratings

Rating -
Target Price 500
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Biglari Holdings Inc

stock logo

Company Overview

overview logo History and Background

Biglari Holdings Inc. was founded in 1921 as Steak n Shake Company. Over time, it evolved into a holding company acquiring businesses in various sectors. A significant milestone was the acquisition strategy led by Sardar Biglari, transforming the company into a diversified holding entity.

business area logo Core Business Areas

  • Steak n Shake: A classic American brand serving steakburgers and milkshakes. Operates and franchises restaurants.
  • Western Sizzlin': A buffet-style restaurant chain offering steaks, seafood, and salads. Primarily franchises restaurants.
  • Insurance: Through First Guard Insurance Company, it provides property and casualty insurance, primarily to restaurants.
  • Biglari Capital: Asset management firm and engages in investments across diverse industries.

leadership logo Leadership and Structure

Sardar Biglari is the Chairman and CEO. The organizational structure involves a lean corporate team overseeing various operating subsidiaries.

Top Products and Market Share

overview logo Key Offerings

  • Competitors: McDonald's,Burger King,Wendy's
  • Steakburgers: Steak n Shake's core menu item. Market share data specific to steakburgers is difficult to obtain; however, Steak n Shake competes with fast-food giants like McDonald's (MCD), Burger King (QSR), and Wendy's (WEN). Revenue contribution from Steak n Shake forms a substantial portion of Biglari Holdings' overall revenue.
  • Competitors: Doctor's Associates (Subway),McDonald's,RE/MAX
  • Franchising: Franchising Steak n Shake and Western Sizzlin' restaurants. Revenue generated through royalty fees and initial franchise fees.
  • Competitors: State Farm,Progressive,Liberty Mutual
  • Insurance Policies (First Guard): Property and casualty insurance policies, predominantly for restaurants. Market share data is not directly available, it competes with general property and casualty providers.

Market Dynamics

industry overview logo Industry Overview

The restaurant industry is highly competitive and subject to changing consumer preferences. The insurance industry is heavily regulated and influenced by macroeconomic factors. The investment management industry is competitive and is subject to market forces.

Positioning

Biglari Holdings positions itself as a diversified holding company aiming to acquire and manage businesses for long-term value creation. It differentiates itself through its unique capital allocation strategy.

Total Addressable Market (TAM)

The combined TAM for the restaurant, insurance, and asset management industries is multi-trillion dollars. Biglari Holdings, with its diverse portfolio, is positioned to capture a small but potentially significant share across these sectors.

Upturn SWOT Analysis

Strengths

  • Diversified business portfolio
  • Strong brand recognition for Steak n Shake
  • Experienced leadership in capital allocation
  • Vertically integrated insurance business for restaurant industry

Weaknesses

  • High debt levels
  • Dependence on Steak n Shake performance
  • Franchisee issues at Steak n Shake (e.g., temporary closures)
  • Complex corporate structure

Opportunities

  • Expansion of insurance offerings to new sectors
  • Strategic acquisitions of undervalued businesses
  • Improve Steak n Shake operations and franchisee relations
  • Leverage Biglari Capital for higher returns

Threats

  • Economic downturn affecting restaurant sales
  • Increased competition in the restaurant and insurance industries
  • Rising food and labor costs
  • Franchisee litigation

Competitors and Market Share

competitor logo Key Competitors

  • MCD
  • QSR
  • WEN

Competitive Landscape

Biglari Holdings' Steak n Shake competes with larger fast-food chains. Its competitive advantage lies in its specific niche and brand recognition, but it faces challenges due to its smaller scale and operational issues at some locations.

Major Acquisitions

Steak N Shake

  • Year: 2008
  • Acquisition Price (USD millions): 115.4
  • Strategic Rationale: Repositioned the brand to compete with fast food companies and built franchise network

Growth Trajectory and Initiatives

Historical Growth: Historical growth is tied to Steak n Shake and their performance. Further diversification through acquisitions could lead to additional growth.

Future Projections: Future Projections are estimates and analystsu2019 target. Data is not currently available for insertion.

Recent Initiatives: Recent initiatives include focusing on the restaurant segment, and capital allocation. The actual initiatives will vary based on reports available online.

Summary

Biglari Holdings is a diversified holding company with Steak n Shake as a key asset. Its strength lies in its unique capital allocation strategy and brand recognition. It needs to address high debt levels and Steak n Shake operational issues. Future growth depends on the success of acquisitions and improved operational efficiency.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Company Website
  • Yahoo Finance
  • Industry Reports

Disclaimers:

This analysis is based on available public information and general industry knowledge. The information is not financial advice. Investment decisions should be based on thorough due diligence and consultation with a financial advisor.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Biglari Holdings Inc

Exchange NYSE
Headquaters San Antonio, TX, United States
IPO Launch date 1992-02-25
Chairman & CEO Mr. Sardar Biglari C.F.A.
Sector Consumer Cyclical
Industry Restaurants
Full time employees 2535
Full time employees 2535

Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial truck insurance, including selling physical damage and non-trucking liability insurance to truckers; and property and casualty insurance and reinsurance. In addition, it operates oil and natural gas properties offshore in Louisiana state waters and in the Permian Basin; and publishes, licenses, and sells magazines under the MAXIM and Maxim brand names. Further, it engages in the investment activities. The company was formerly known as The Steak n Shake Company and changed its name to Biglari Holdings Inc. in April 2010. Biglari Holdings Inc. was founded in 1934 and is based in San Antonio, Texas.