BH
BiglariANYSE / Consumer Services
Last Price
At close
2026-07-18
Current thesis
The best bull argument is that BH still posted double-digit same-store sales growth at Steak n Shake while franchise partner fees rose meaningfully, suggesting the transition to a more asset-light model is still progressing despite noisy consolidated accounting. Book value per Class A equivalent share was reported at $2,006.69 on March 31, 2026, implying about $401.34 per Class B equivalent and leaving the July 10 Class B price only modestly below reported book value.
Posture
Constructive
Lead driver
Momentum
What changed
Momentum remains the lead driver in the composite, 7D delta +0.9.
What can break
Analyst coverage and external revision data are thin in the packet, reducing confidence in any strong near-term rerating thesis.
Momentum
95
Value
54
Sentiment
47
Setup hits (3d)
— · Net —
AI TargetsBase $400.00 · Bull $430.00 · Bear $320.00
Data freshness
Prices
As of 2026-07-18
Fundamentals
As of 2026-07-17 • Vendor: Data Vendor v1
Scores
As of 2026-07-18 • Model: HYBRID_IC_RP
AI Memo
As of 2026-07-11 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-07-18
Investment thesis
As of 2026-07-18
Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net —
Why
Momentum95 · Δ7d +0.9
Value54 · Δ7d -0.0
Sentiment47 · Δ7d -6.7
So what
Strength-led posture. Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
95
26% active weight
Current posture
7d trendFlat
Δ7d
+0.9
Δ21d
+15.6
Value
54
39% active weight
Current posture
7d trendFlat
Δ7d
-0.0
Δ21d
-0.5
Sentiment
47
34% active weight
Current posture
7d trendSoftening
Δ7d
-6.7
Δ21d
-1.0
Why this grade
Composite grade A. Momentum 94.8 / Value 54.4 / Sentiment 47.2
Fundamentals (TTM)As of 2026-07-17
Fundamentals (TTM)
As of 2026-07-17
Market Cap
$1.21B
Beta
-
Shares Out
3.14M
P/E (TTM) · Derived
-31.9
P/S (TTM)
-
P/FCF (TTM) · Derived
14.68
Rev YoY
+2.6%
EPS YoY
-56.8%
Gross Margin
+28.2%
Op Margin
-
Net Debt
$20.81M
Current Ratio
2.47
As of 2026-07-18 • Updated nightlySource: Internal modelMethodology