Trading and market data
The latest trade was at $1,791.9540, compared with the previous close of $1,913.73, after shares reached a session low of $1,787.91. Trading volume was 32% below the daily average of 34,929 shares.
Both simple moving averages were above the latest share price: $1,861.57 over 50 days and $1,832.11 over 200 days. Biglari's market capitalization was $4.18 billion, with a price-to-earnings ratio of -16.42 and a beta of 0.52.
Separately, MarketBeat's late-October 2026 data for Biglari's NYSE:BH shares showed short interest equal to 24.29% of the float. The same source reported that company insiders had sold $1,705,366 in stock during the preceding three months, with no purchases.
Quarterly profit and restaurant sales
Biglari released its most recent quarterly results on August 7, 2026, reporting earnings per share of $158.17 on revenue of $108.52 million. MarketBeat's company calendar lists November 6, 2026, as the estimated date for the third-quarter report.
The second-quarter release showed lower net earnings despite higher pre-tax operating earnings. Net earnings totaled $39.9 million, versus $50.9 million a year earlier. Pre-tax operating earnings increased from $3.7 million to $6.3 million, while investment gains declined from $61.4 million to $45.3 million.
Steak n Shake recorded a 13.8% second-quarter increase in same-store sales at its domestic company-operated and franchise-partner-operated restaurants, according to Biglari. For the first six months of 2026, the holding company's net earnings reached $25.4 million, compared with $17.7 million in the corresponding 2025 period.
Biglari's businesses
Based in San Antonio, Texas, Biglari is a diversified holding company with restaurant and insurance businesses. It also manages investments through its corporate and investment operations.
Steak n Shake is its main restaurant business, offering full-service dining with steakburgers, fries and milkshakes. Biglari has also historically owned the Western Sizzlin steakhouse and buffet business. Its restaurant operations primarily serve the U.S. market.
The insurance holdings include commercial vehicle insurer First Guard Insurance Company as well as Southern Pioneer Property and Casualty Insurance Company.
Shareholder meeting scheduled
In an October 29, 2026, announcement, Biglari set its 2027 Annual Shareholders Meeting for Thursday, April 29, 2027. The meeting will take place at San Antonio's Majestic Theatre at 1:00 p.m. Central Time.
