BH
BiglariANYSE / Consumer Services
Last Price
At close
2026-07-20
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 +0.7.
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
46
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $400.00 · Bull $430.00 · Bear $320.00
Data freshness
Prices
As of 2026-07-20
Fundamentals
As of 2026-07-20 • Vendor: Data Vendor v1
Scores
As of 2026-07-20 • Model: HYBRID_IC_RP
AI Memo
As of 2026-07-11 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-07-20
Investment thesis
As of 2026-07-20
Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Neutral
Why
Momentum95 · Δ7d +0.7
Value54 · Δ7d -0.1
Sentiment46 · Δ7d -10.1
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
95
26% active weight
Current posture
7d trendFlat
Δ7d
+0.7
Δ21d
+8.8
Value
54
39% active weight
Current posture
7d trendFlat
Δ7d
-0.1
Δ21d
+1.3
Sentiment
46
34% active weight
Current posture
7d trendSoftening
Δ7d
-10.1
Δ21d
-0.3
Why this grade
Composite grade A. Momentum 94.8 / Value 54.2 / Sentiment 46.3
Fundamentals (TTM)As of 2026-07-20
Fundamentals (TTM)
As of 2026-07-20
Market Cap
$1.2B
Beta
-
Shares Out
3.14M
P/E (TTM) · Derived
-31.7
P/S (TTM)
-
P/FCF (TTM) · Derived
14.62
Rev YoY
+2.6%
EPS YoY
-56.8%
Gross Margin
+28.2%
Op Margin
-
Net Debt
$20.81M
Current Ratio
2.47
As of 2026-07-20 • Updated nightlySource: Internal modelMethodology