Biglari Holdings Inc. (BH)

Continued Deterioration of JACK's Share Price and Operating Metrics Further Warrants Voting Against the Election of David Goebel SAN ANTONIO, Feb. 20, 2026 /PRNewswire/ -- Biglari Capital Corp. ("Biglari Capital"), the largest shareholder of Jack in the Box Inc. (NasdaqGS: JACK) with a 9.86% ownership stake, today issued the following statement: Disastrous Quarterly Results Confirm the Need for Urgent Action  For any shareholder still weighing whether Chairman Goebel's continued presence poses a real risk, JACK's first-quarter fiscal 2026 earnings provide the answer — in case the last 17 years were not convincing enough. The results are terrible by any measure: Same-store sales declined 6.7% systemwide, a sharp deterioration from the 0.4% gain in the same period last year; Adjusted EBITDA declined approx.

Biglari Holdings Inc. (NYSE: BH - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $345.06 and traded as high as $423.77. Biglari shares last traded at $396.4750, with a volume of 148,157 shares traded. Analysts Set New Price Targets Separately,

Glass Lewis Cites "Exceptionally Poor" Performance and "Muted Commitment to Tangible Culpability" in Recommending AGAINST Goebel Egan-Jones Recommends AGAINST the Election of David Goebel, Stating "Urgent Change at the Board Level Is Warranted" Glass Lewis and Egan-Jones Analyses Support Biglari Capital's Thesis ISS Stands Alone in Defending the Status Quo Despite Catastrophic Value Destruction, a Failed Del Taco Acquisition, and Unaddressed Deep-Rooted Governance Concerns SAN ANTONIO, Feb. 17, 2026 /PRNewswire/ -- Biglari Capital Corp. ("Biglari Capital"), the largest shareholder of Jack in the Box Inc. (NasdaqGS: JACK), with a 9.86% ownership stake, today issued the following statement regarding the recommendations of leading independent proxy advisory firms Glass Lewis and Egan-Jones and the flawed conclusion reached by Institutional Shareholder Services ("ISS") in its proxy research report. Glass Lewis and Egan-Jones Agree: Chairman Goebel Should Not Be Re–Elected Glass Lewis, one of the world's leading independent proxy advisory firms, has recommended that shareholders vote AGAINST Chairman David Goebel, explicitly citing "material performance and governance concerns.

SAN ANTONIO, Feb. 10, 2026 /PRNewswire/ -- Biglari Capital Corp. today announced that it has sent a letter to shareholders of Jack in the Box Inc. (NASDAQ: JACK). The full text of Biglari Capital's February 9, 2026 letter is available www.saratogaproxy.com/JACK Your vote is important, no matter how many or how few shares of common stock you own.

Steak 'n Shake announces $1,000 Trump Accounts contribution for employees' children born between 2025 and 2028. The Indianapolis chain joins companies supporting President Trump's initiative.

Fast food chainSteak 'n Shake, a wholly owned subsidiary ofBiglari Holdings(NYSE: BH), added $5 million worth of Bitcoin

Insider and Institutional Ownership 7.7% of Biglari shares are held by institutional investors. Comparatively, 74.3% of Biglari shares are held by institutional investors. 70.9% of Biglari shares are held by company insiders. Comparatively, 71.4% of Biglari shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge

The CEO of Biglari Holdings Inc. purchased 2,221 shares across three transactions for a total value of $705,671.28. The transaction impacted 0.17% of Biglari Holdings' aggregate indirect holdings, leaving direct ownership unchanged at one share post-transaction.

San Antonio, TX, Dec. 31, 2025 /PRNewswire/ -- Biglari Holdings (NYSE: BH.A; BH) announced today its 2026 Annual Shareholders Meeting will be held at the Majestic Theatre in San Antonio on Wednesday, April 8, 2026, at 1:00 p.m. Central Time.

Biglari Holdings Inc. (NYSE: BH - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $305.97 and traded as high as $307.90. Biglari shares last traded at $304.9840, with a volume of 55,083 shares changing hands. Analysts Set

AXQ Capital LP acquired a new position in Biglari Holdings Inc. (NYSE: BH) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 852 shares of the restaurant operator's stock, valued at approximately $249,000. A number of other institutional investors also recently

Majority of retail investors were in favor of firing the CEO SAN ANTONIO , Nov. 21, 2025 /PRNewswire/ -- Biglari Capital Corp. (together with its affiliates, "Biglari Capital") today released the following statement to fellow shareholders of Cracker Barrel Old Country Store, Inc. (the "Company" or "Cracker Barrel") (NASDAQ: CBRL).  Cracker Barrel stock declined further after the announcement that Julie Felss-Masino was reelected as CEO.

Share Price Has Declined 30% 1 Since the Company Reiterated Its Commitment to Pursue the Same Failed Transformation Plan and Support a CEO That Has Already Destroyed Over $1 Billion in Market Value2 Short Interest in Cracker Barrel Stock Is High and Has Remained High Despite the Falling Share Price. Short Sellers Expect Further Downside Biglari Capital Urges Shareholders to Join Its Efforts to Send the Board a Resounding Message Demanding Change by Voting AGAINST the Election of Certain Cracker Barrel Directors on the GOLD Proxy Card at the Upcoming Annual Meeting SAN ANTONIO , Nov. 13, 2025 /PRNewswire/ -- Biglari Capital Corp. (together with its affiliates, "Biglari Capital") today released the following statement to shareholders of Cracker Barrel Old Country Store, Inc. (the "Company" or "Cracker Barrel") (NASDAQ: CBRL).

San Antonio, TX , Nov. 7, 2025 /PRNewswire/ -- Biglari Holdings Inc. (NYSE: BH.A; BH) announces its results for the third quarter and first nine months of 2025. Biglari Holdings Inc.'s earnings for the third quarter and first nine months of 2025 and 2024 are summarized below.

Egan-Jones Recommends Cracker Barrel Shareholders Vote AGAINST the Election of CEO Julie Masino, Chairman Carl Berquist, and Directors Gilbert Dávila, t, Gisel Ruiz and Darryl Wade Egan-Jones Recognizes Urgent Need for Leadership Change Given Cracker Barrel's Lagging TSR, Financial Underperformance, Operational Challenges, and Management and Strategy Execution Failures The Proxy Advisor Warns that Cracker Barrel Faces a Classic "Death Spiral" Emphasizing that Time is of the Essence to Reverse Course Biglari Capital Urges Shareholders to Join Its Efforts in Voting AGAINST the Election of Certain Cracker Barrel Directors on the GOLD proxy card at the Upcoming Annual Meeting SAN ANTONIO , Nov. 7, 2025 /PRNewswire/ -- Biglari Capital Corp. (together with its affiliates, "Biglari Capital") today announced that independent proxy advisory firm, Egan-Jones Ratings Company ("Egan-Jones"), has recommended that stockholders vote AGAINST the election of five incumbent nominees of Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (NASDAQ: CBRL ) at the Company's upcoming annual meeting of shareholders, scheduled to be held on November 20, 2025 (the "Annual Meeting").  In its report, Egan-Jones* (emphasis added): Highlighted the Company's chronic underperformance, rising operating costs, declining guest traffic and significant earnings decline: - "Since early 2020, Cracker Barrel's TSR has declined by 70%, significantly trailing its restaurant peers, including Brinker, Darden, and Texas Roadhouse, as well as the broader market.

Risk and Volatility Meritage Hospitality Group has a beta of -0.02, suggesting that its share price is 102% less volatile than the S&P 500. Comparatively, Biglari has a beta of 0.86, suggesting that its share price is 14% less volatile than the S&P 500. Earnings and Valuation This table compares Meritage Hospitality Group and Biglari"s