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Biglari Holdings Inc.

BH · NYSE

Market closed$384.19$-9.51 (-2.42%)After hours $384.19 · 0.00%

Key statistics

Previous close$393.70
Open$399.92
Day high$399.92
Day low$379.77
52-week high$483.60
52-week low$234.92
Market cap1.21B
Volume183.06K
Average volume66.78K
P/E ratio12.94
Forward P/E—
EPS29.69
Dividend yield0.00%

Market context

Why it moved

BH shares declined amid a broader market selloff and weak investor sentiment, as rising inflation concerns and general risk-off trading pressured the stock lower from its previous close.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Biglari Holdings closed modestly higher, with the stock outperforming the broader consumer cyclical sector (XLY dipped in after-hours) amid a mixed market session. The key investor narrative centers on Sardar Biglari's Lion Fund II trimming its El Pollo Loco (LOCO) stake again on July 16—selling an additional ~$175K in shares after offloading $1.25M just days earlier on July 13, suggesting portfolio rebalancing near LOCO's 52-week highs. A recent Seeking Alpha analysis characterized Biglari Holdings as broadly fairly valued, noting persistent governance concerns that limit the opportunity set for shareholders.

1.4194

July 15, 2026Biglari Holdings closed modestly lower as a notable SEC filing revealed that The Lion Fund II — a fund linked to CEO Sardar Biglari — sold 75,000 shares of El Pollo Loco Holdings for approximately $1.25 million, trimming its stake near LOCO's 52-week high. A concurrent Seeking Alpha analysis characterized Biglari Holdings itself as 'conceivably at fair value,' adding to cautious investor sentiment. The broader restaurant sector faces persistent headwinds from elevated costs and cautious consumer spending, with the Zacks Retail-Restaurants industry ranking in the bottom 27% of all industries.

-1.3662

July 14, 2026Biglari Holdings advanced sharply, outperforming the broader consumer cyclical sector (XLY) and the S&P 500, which declined amid U.S.-Iran tensions and surging oil prices. A Seeking Alpha analysis published today suggests the stock is 'conceivably at fair value' at current prices, while algorithmic trading frameworks flagged potential mid- and long-term sentiment shifts. The gain comes as the restaurant industry navigates a mixed macro backdrop — June retail sales rose 9.4% year-over-year for a ninth consecutive month, a positive signal for Biglari's Steak 'n Shake operations, even as broader markets contended with geopolitical uncertainty heading into a pivotal Q2 earnings season.

4.5812

July 11, 2026Biglari Holdings tumbled sharply, underperforming the broader consumer cyclical sector (XLY) and the S&P 500, which finished the session little changed near 52-week highs. The selloff came amid a challenging backdrop for restaurant stocks, with elevated menu prices and cautious consumer spending weighing on the industry. Ongoing U.S.-Iran geopolitical tensions and renewed oil price volatility added macro headwinds, while peers like Kura Sushi also faced post-earnings pressure. Biglari, which operates Steak 'n Shake and other assets, carries no analyst coverage, leaving the thinly traded stock vulnerable to outsized moves on low volume.

-5.4852

July 7, 2026Biglari Holdings declined as a key affiliated fund disclosed the sale of roughly $2.45 million worth of El Pollo Loco (LOCO) shares through The Lion Fund II in early July, a notable portfolio move by Chairman and CEO Sardar Biglari. The selldown came near LOCO's 52-week high after a 52% surge over six months, raising questions about portfolio positioning. The broader restaurant sector also faced pressure from a soft June jobs report showing leisure and hospitality employment fell 61,000, highlighting strain in consumer-facing industries at a time when Consumer Discretionary ETF XLY also pulled back on the day.

-2.8758

July 1, 2026Biglari Holdings shares closed modestly lower, pulling back after a strong recent run fueled by its addition to multiple Russell indexes — including the Russell 2000, Russell Microcap, Russell 3000E, and their value benchmarks — effective June 29, which may trigger passive fund buying. Adding to the narrative, affiliated entity Lion Fund II sold ~$3.7M in El Pollo Loco shares near 52-week highs last week, while Q1 results showed a narrowing net loss with rising revenue, and a notable insider purchase of over $13M in May signals continued conviction from management.

-1.2628

June 30, 2026Biglari Holdings shares fell on the final trading day of the first half, closing down roughly 2.6% amid light volume, as the stock's recent Russell index additions — including the Russell 2000, Russell Microcap, and their respective Value Benchmark indices — triggered post-rebalancing selling pressure. The index inclusions, announced June 29, had driven a sharp surge in the prior session but appear to have sparked profit-taking today. Broader restaurant sector peers held relatively steady, with the consumer discretionary ETF (XLY) little changed, suggesting the pullback was company-specific rather than sector-driven.

-2.5839

June 29, 2026Biglari Holdings surged over 8% after being added to multiple Russell indexes — including the Russell 3000E, Russell Microcap, and Russell Microcap Value Benchmark indexes — on June 29, a catalyst that typically triggers forced buying from index-tracking funds. The move was further supported by a broad market rally driven by reports that the U.S. and Iran agreed to halt Strait of Hormuz strikes, which boosted consumer cyclical stocks broadly, with the XLY ETF closing higher on elevated volume.

8.2527

Stock Titan · July 16, 2026El Pollo Loco (NASDAQ: LOCO) major holder trims 10,493 sharesStock Titan · July 14, 2026Biglari fund sells 75,000 El Pollo Loco (NASDAQ: LOCO) sharesStock Titan · May 8, 2026Biglari cut its net loss, but operations swung to a $4.1M lossReuters · March 12, 2026Biglari Holdings acquired 3.4% stake in yacht maker Ferretti GroupRestaurant Dive · February 25, 2026What’s at stake in Jack in the Box’s board battle with Biglari?The Business Journals · January 26, 2026Biglari Capital urges Jack in the Box shareholders to oust chairman ahead of key vote
Mt Newswire · May 15, 2026Biglari Holdings Insider Bought Shares Worth $13,439,604, According to a Recent SEC Filing
Mt Newswire · May 8, 2026Biglari Q1 Net Loss Narrows, Revenue Rises
Benzinga · May 8, 2026Biglari Holdings Q1 EPS $(55.81) Up From $(126.40) YoY, Sales $97.481M Up From $95.035M YoY
Mt Newswire · March 12, 2026Market Chatter: Biglari Buys 3.4% Stake in Ferretti
Benzinga · March 3, 2026Steak 'n Shake Says It's Paying Hourly Employees A Bitcoin Bonus For Every Hour Worked, Pledges Trump Account Contributions
Benzinga · February 17, 2026Steak 'N Shake Says Bitcoin Caused Sales To Rise 'Dramatically' And The Coins Are Flowing To Strategic Reserve That Funds Staff Bonuses
Benzinga · January 28, 2026Burger-To-Bitcoin: Fast Food Chain Steak 'N Shake Ups BTC Exposure By $5 Million
Benzinga · January 21, 2026Bitcoin Bonuses To Sell Burgers? This Restaurant Company Will Pay You BTC For Each Hour Worked

Peers

S&P 500SPX · $7,457.69-1.01%The Wendy's CompanyWEN · $7.76-0.89%BJ's Restaurants, Inc.BJRI · $67.49+8.04%Papa John's International, Inc.PZZA · $32.86-2.49%Bloomin' Brands, Inc.BLMN · $8.54-0.35%Portillo's Inc.PTLO · $4.67-0.85%First Watch Restaurant Group, Inc.FWRG · $12.45+2.22%Kura Sushi USA, Inc.KRUS · $46.70-1.72%Cracker Barrel Old Country StoreCBRL · $53.61+5.01%Jack in the Box Inc.JACK · $14.98-7.76%Darden Restaurants, Inc.DRI · $198.42-1.39%Markel CorporationMKL · $1,972.43+0.57%