Biglari Holdings, Inc. Class B (BH)

Over the past six months, Biglari Holdings Inc. stock has increased by approximately 16.62% to 19.61%. As of November 27, 2025, the stock was trading at $304.45, reaching an all-time high of $369.92 on October 23, 2025. Recent events include a stock gain on November 26, 2025, following four consecutive days of gains. Shares traded higher on November 24, 2025, amid reports of a lawsuit claiming deception during the purchase of a Texas oil company. On November 20, 2025, shares were up as investors reacted positively to CEO Sardar Biglari's renewed activist campaign targeting Cracker Barrel's leadership. Shares traded down on November 19, 2025, following the company's recent third-quarter loss and concerns over capital efficiency. On October 30, 2025, Biglari Holdings reported a net loss of $(5.29) million in Q3 2025 due to investment losses, despite a 10.3% year-over-year increase in total revenue. On August 8, 2025, Biglari Holdings announced its results for the second quarter and first six months of 2025, swinging to a profit in fiscal Q2.

The provided information does not explicitly detail the demand seasonality for Biglari Holdings Inc.'s products and services across all its segments. However, the restaurant industry, in general, can experience seasonal fluctuations in demand, often seeing increased activity during holidays or specific times of the year.

Biglari Holdings Inc. is a diversified holding company based in San Antonio, Texas, with operations in property and casualty insurance, media and licensing, restaurants, and oil and gas. The company operates and franchises restaurants under the Steak n Shake and Western Sizzlin brands. Through its subsidiaries, First Guard Insurance Company and Southern Pioneer Property & Casualty Insurance, BH provides property and casualty insurance services, with First Guard specializing in commercial trucking insurance. Biglari Holdings is also involved in media and licensing through Maxim Inc. and operates oil and natural gas properties through Southern Oil and Abraxas Petroleum. The company was founded in 1934 and was formerly known as The Steak n Shake Company.

Biglari Holdings Inc. primarily operates its restaurant and insurance businesses within the United States. Its restaurant chains, Steak n Shake and Western Sizzlin, have a presence across the United States. The company's insurance operations, particularly First Guard, serve truckers in the US. While its main operations are domestic, Biglari Holdings also has an international presence supported by Monaco, Spain, and France, particularly through its media segment. The company's executive offices are located in San Antonio, Texas.

The provided search results do not offer specific details or events directly impacting Biglari Holdings Inc.'s overall brand reputation in the past year. However, the company's restaurant segment, particularly Steak n Shake, has shown strong operational momentum with a 15.0% same-store sales jump in Q3 2025, signaling strong brand-level demand.

Biglari Holdings Inc. has a highly concentrated ownership structure, dominated by Biglari Capital LLC, which owns approximately 70% to 135.28% of the company's shares. Sardar Biglari owns 1,437,016 shares, representing 63.15% of the company and controls approximately 74.3% of the voting interest. Biglari Capital Corp holds 1,548,114 shares, representing 68.03% as an institution. Other major shareholders include Dimensional Fund Advisors LP, GAMCO Investors, Inc., BlackRock, Inc., Vanguard Group Inc, Invesco Ltd., and JPMorgan Chase & Co. Institutional shareholders own 91.71% of Biglari Holdings, while Biglari Holdings insiders own 382.48%, and retail investors own 0.00%.