BH
Biglari Holdings IncNYSE
Consumer Cyclical • Restaurants
Factor tilt: Small-Cap Blend
$322.43-2.66%
Close Nov 6, 2026
- Market cap
- $1.01B
- 1 month
- -12.3%
- 3 months
- -16.4%
- 1 year
- -12.7%
- 52-week range
- $247.83$476.92
- Dividend
- No dividends on record
- Short interest
- 177.8K sharessettled Oct 15, 2026 · +11.3% since Sep 30, 2026 · FINRA
Fundamentals · trailing 12 months to Jun 30, 2026
- Revenue
- $405.61M
- Net income
- -$29.75M
- Free cash flow
- $49.94M
- Book value
- $543.79M
- Total debt
- $289.33M
- P/E
- —
- Price / sales
- 2.5×
- Price / book
- 1.9×
- FCF yield
- +4.9%
- Net margin
- -7.3%
EODHD (TTM) · as of Nov 6, 2026
End-of-day close from stored market data, not a live quote.
Quarterly results
The last 8 fiscal quarters as reported (EODHD). Year over year compares the same quarter a year earlier.
| Quarter | Revenue | YoY | Gross margin | Op. income | Net income |
|---|---|---|---|---|---|
| Jun 2026filed Aug 7, 2026 | $108.5M | +7.9% | 41.3% | $13.2M | $39.9M |
| Mar 2026filed May 8, 2026 | $97.5M | +2.6% | 28.5% | $3.1M | -$14.5M |
| Dec 2025filed Mar 2, 2026 | $99.9M | +9.6% | 25.8% | $3.7M | -$49.9M |
| Sep 2025filed Nov 7, 2025 | $99.7M | +10.3% | 39.2% | $18.6M | -$5.3M |
| Jun 2025filed Aug 8, 2025 | $100.6M | +10.4% | 28.9% | $5.7M | $50.9M |
| Mar 2025filed May 9, 2025 | $95.0M | +6.2% | 36.3% | $2.9M | -$33.3M |
| Dec 2024filed Mar 3, 2025 | $91.1M | +0.5% | 38.4% | $5.7M | -$10.3M |
| Sep 2024filed Nov 8, 2024 | $90.4M | -0.6% | 38.6% | $15.4M | $32.1M |
Fiscal years · last 6
| Fiscal year | Revenue | YoY | Gross margin | Op. income | Net income |
|---|---|---|---|---|---|
| Dec 2025filed Mar 2, 2026 | $395.3M | +9.2% | 27.5% | $18.1M | -$37.5M |
| Dec 2024filed Mar 3, 2025 | $362.1M | -0.9% | 38.3% | $23.1M | -$3.8M |
| Dec 2023filed Feb 26, 2024 | $365.3M | -0.8% | 31.9% | $39.4M | $54.9M |
| Dec 2022filed Feb 27, 2023 | $368.2M | +0.6% | 41.5% | $82.2M | -$32.0M |
| Dec 2021filed Feb 28, 2022 | $366.1M | -15.6% | 39.0% | $66.8M | $35.5M |
| Dec 2020filed Mar 1, 2021 | $433.7M | -35.2% | 31.6% | $60.6M | -$38.0M |
Short-interest history
FINRA reports open short positions for a settlement date. The publication date is later. These are reported positions, with a separate date for each observation.
Compare the reported short exposure around the dates you bought, sold or watched BH. A long position benefits from price rises; a short position benefits from falls. A change in these counts does not predict either move.
Settlement Oct 15, 2026
177,807 shares short
+18,022 shares (+11.3%) vs Sep 30, 2026
Share of float unavailable. Published Oct 26, 2026.
Settlement Sep 30, 2026
159,785 shares short
+1,185 shares (+0.7%) vs Sep 15, 2026
Share of float unavailable. Published Oct 9, 2026.
Settlement Sep 15, 2026
158,600 shares short
+12,563 shares (+8.6%) vs Aug 31, 2026
Share of float unavailable. Published Sep 24, 2026.
Settlement Aug 31, 2026
146,037 shares short
+13,738 shares (+10.4%) vs Aug 14, 2026
Share of float unavailable. Published Sep 10, 2026.
Settlement Aug 14, 2026
132,299 shares short
+818 shares (+0.6%) vs Jul 31, 2026
Share of float unavailable. Published Aug 25, 2026.
Settlement Jul 31, 2026
131,481 shares short
-324 shares (-0.2%) vs Jul 15, 2026
70.2% of the stored float. Published Aug 11, 2026.
Change = this settlement’s shares short − the previous recorded settlement’s shares short; percentage change divides by that earlier count. A zero earlier count has no percentage change. Split-spanning counts are left uncompared. Float percentages use the stored settlement observation, not today’s float.
Source: stored FINRA equity short-interest records, up to six settlements from the last 240 days. FINRA data and reporting dates · How to read short interest
Dividends and stock splits
See the recorded cash amounts and dates behind BH’s income, and the splits that change its share count. Dates below are stored event records, not confirmation of a payment to your account.
Cash-dividend records
No qualified cash-dividend records are stored. This does not establish that the company pays no dividend.
Up to six Polygon cash-dividend events, including recorded ex-dates within the next 120 days. Amounts retain their recorded currency and decimal precision. Historical amounts are not restated to a common split basis, annualized, or converted to dollars.
For a long holding, compare the ex-date with when you held the shares and check the pay date against your broker’s cash history. Owning the stock today does not establish past entitlement. For a short holding, a dividend can create a payment obligation to the share lender.
Ex-dates and special dividend rules · Short-sale dividend obligations · Dividend data definitions
Split history
3 for 2 · forward split
Effective May 1, 2018
Each 2 pre-split shares become 3 post-split shares.
Source: EODHD
448 for 415 · forward split
Effective Aug 15, 2014
Each 415 pre-split shares become 448 post-split shares.
Source: EODHD
1405 for 1304 · forward split
Effective Aug 23, 2013
Each 1304 pre-split shares become 1405 post-split shares.
Source: EODHD
1 for 20 · reverse split
Effective Dec 21, 2009
Each 20 pre-split shares become 1 post-split share.
Source: EODHD
11 for 10 · forward split
Effective Dec 27, 1999
Each 10 pre-split shares become 11 post-split shares.
Source: EODHD
5 for 4 · forward split
Effective Dec 29, 1998
Each 4 pre-split shares become 5 post-split shares.
Source: EODHD
Up to six stored split dates through Nov 7, 2026. Equivalent vendor ratios are combined; conflicting ratios are left out. This history may be incomplete.
A split changes the share count and per-share price basis; it does not by itself add investment value. Put your holding’s earlier and later share counts on the same basis before comparing them. This applies to both long shares and shares owed on a short position.
How stock splits workPortfolio context
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Smart money context
Holder IQ: LOW
11 smart-money holders: institutions with a high Holder IQ
Q2 2026, filed Sep 22, 2026
Smart-money 13F trend: unchanged (light)
Unlock crowding heatmapUnlock filer discoveryInsider context
Sentiment: unknown
No recent insider trades detected.
Read the insider context evidence
What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
No directional recent-activity label is available. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Red flags: 0
Read the insider context evidence
What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
No directional recent-activity label is available. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Largest 13-F holders · Q2 2026
114 filers reported a long position in BH for Q2 2026. 13-F holdings are filed up to 45 days after the quarter ends.
The top 10 hold
91.1%
of the 2M shares 13-F filers reported
Moves vs Q1 2026
7 added3 trimmed
Net shares held
+6.4%
across the 10 holders with a comparable Q1 2026 book
| Rank | Holder | Value | Shares | Shares vs Q1 2026 |
|---|---|---|---|---|
| 1 | BIGLARI CAPITAL CORP. | $627.2M · 1.5M shares | 1.5M | +3.9% |
| 2 | DIMENSIONAL FUND ADVISORS LP | $45.3M · 106.3K shares | 106.3K | +3.9% |
| 3 | TWO SIGMA INVESTMENTS, LP | $21.6M · 50.6K shares | 50.6K | +488.9% |
| 4 | BlackRock, Inc. | $19.7M · 46.1K shares | 46.1K | +2.4% |
| 5 | MARSHALL WACE, LLP | $13.2M · 31K shares | 31K | -3.7% |
| 6 | RENAISSANCE TECHNOLOGIES LLC | $12.2M · 28.6K shares | 28.6K | +31.7% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | $12M · 28.2K shares | 28.2K | -5.3% |
| 8 | MILLENNIUM MANAGEMENT LLC | $11.4M · 26.8K shares | 26.8K | +54.4% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | $6.4M · 14.9K shares | 14.9K | +7.9% |
| 10 | Trexquant Investment LP | $6.2M · 14.6K shares | 14.6K | -32.9% |
Sign in to see each holder’s Holder IQ, factor-adjusted Holder IQ and rank, and compare these holders with all scored filers. Available on every plan.
Sign in5% holder filings (13D / 13G)
Holders of more than 5% of BH file with the SEC within days. A 13D holder may seek to influence the company; a 13G holder is passive. Each holder’s latest filing from the last three years.
| Filed | Holder | % of class |
|---|---|---|
| Nov 6, 2026 | BARCLAYS PLC13G · passive | 5.15% |
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