BH-A NYSE
Credit Risk of going bust: higher than 56% of companies Debt: 19.1% of company value Bonds: none of note held by US funds details ▾
If the stock fell to about $42.72 (down 98%), Biglari Holdings Inc. would be worth roughly what it owes.
Total debt $289.3M against a stock market value of $1.23B.
Distance to default 4.60 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $133.4M (short-term plus half of long-term), stock volatility 53.9%; Altman Z'' 4.29. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
San Antonio, TX 78259
US
Biglari Holdings Inc. is a diverse corporation primarily recognized for its extensive restaurant operations and franchising activities across the United States. It manages and licenses eateries under its prominent Steak n Shake and Western Sizzlin brands. As of December 31, 2021, its restaurant footprint included 199 company-owned Steak n Shake establishments, alongside 159 franchise partner units and 178 traditional franchise outlets for the same brand. The Western Sizzlin chain comprised 3 company-operated restaurants and 38 franchised locations. Beyond its culinary ventures, the company holds interests in the insurance sector, where it underwrites commercial trucking policies, offers physical damage and non-trucking liability coverage for truckers, and provides a range of property and casualty insurance solutions. Additionally, Biglari Holdings operates oil and natural gas properties situated in the Gulf of Mexico. Its media division is responsible for publishing and selling magazines and related materials under the MAXIM brand, while also engaging in the licensing of various media products and services. The firm further allocates capital through its investment activities. Tracing its origins back to 1934, the entity initially operated as The Steak n Shake Company before adopting its current name, Biglari Holdings Inc., in April 2010. The company's corporate base is located in San Antonio, Texas.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| BIGLARI, SARDAR | P-Purchase | 14,351 | $258.06 | 2026-05-14 |
| BIGLARI, SARDAR | P-Purchase | 15,358 | $260.36 | 2026-05-13 |
| BIGLARI, SARDAR | P-Purchase | 22,965 | $249.84 | 2026-05-12 |
| BIGLARI, SARDAR | P-Purchase | 2,810 | $302.20 | 2026-03-13 |
| BIGLARI, SARDAR | P-Purchase | 3,320 | $301.06 | 2026-03-09 |