BH-A Stock — Biglari Holdings Inc

Biglari Holdings Inc (BH-A)

Updated October 16, 2026.

BH-A is a Stock. Total return is 79.6% over the past 8.5 years, 148.0 points behind SPY at 227.6%.

Biglari Holdings is a diversified operating company that owns and franchises restaurants under the Steak n Shake and Western Sizzlin brands, underwrites commercial truck insurance, operates oil and natural gas properties in Louisiana and the Permian Basin, and publishes magazines under the MAXIM brand names. The company also engages in investment activities. Distribution information is not currently available.

BH-A performance versus SPY

Price and return data through 2026-10-16.

Total return is 79.6% over the past 8.5 years, 148.0 points behind SPY at 227.6%. Over the past year its total return — price change plus distributions reinvested — is 22.4%. Its deepest 1-year drawdown was 45.8%.

BH-A key facts

Asset type

Stock

Asset class

Equity

Inception date

05/01/2018

Distribution frequency

Monthly

Last close

$2,105.32 (as of 2026-10-16)

Market cap

$451,553,266

Average volume

29628.0

Beta

0.511

Payout ratio

0.0%

EPS

$-113.69

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BH-A risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 45.8%.

Who may consider BH-A — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BH-A

• All tickers starting with B

Tagged: Consumer Discretionary, Dividend.

Frequently asked questions