BH Biglari Holdings Inc.

369.87USD+1.50%Mkt Cap: 1.18B $P/E: —

Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin name…

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Steak ’n Shake’s MAGA Makeover Is Winning Fans but Its Stock Is Complicated

Steak ’n Shake’s sales are surging as it embraces MAGA and MAHA, but Biglari Holdings investors also have to contend with debt, a shrinking restaurant footprint, and concentrated control.

Barrons.com
92-year-old burger chain's Bitcoin strategy delivers 13.8% sales jump

Steak ‘n Shake started accepting Bitcoin in May 2025. 15 months later, it has a Strategic Bitcoin Reserve, Bitcoin bonuses for employees, and the best same-store sales numbers in fast food.

TheStreet
The Midwestern Burger Chain That’s Going Full MAGA

SCHERERVILLE, Ind.—An American flag big enough to cover two school buses flaps over a Steak ’n Shake location southeast of Chicago. French fries are cooked in beef tallow instead of vegetable oil. Since 2025, the Indianapolis-based chain has mounted an audacious turnaround strategy that embraces President Trump’s brand of patriotism, and the Make America Healthy Again movement championed by Health Secretary Robert F. Kennedy Jr.

The Wall Street Journal
These 2 Stocks Are Setting Off Technical Alarm Bells with $1,000+ Price Tags. Here’s the Company I’d Bet on for the Long Term.

Graham Holdings (GHC) was a bearish price surprise on Monday, down 2.2%. At the same time, Biglari Holdings (BH.A) was a bullish price surprise, up 3.56%. Both holding companies have diversified businesses. The bear is the bet.

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