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Biglari Holdings Inc. (NYSE:BH, NYSE:BH.A) disclosed Friday that its affiliates may purchase additional shares of its Class A and/or Class B common stock. The company reported that, as of September 30, its book value per Class A equivalent share was $2,244.26 and per Class B equivalent share was $448.85. According to the company, its stock is currently trading at a discount to its per share book value.
In the same filing, Biglari Holdings stated that its wholly owned subsidiary, Steak n Shake Inc., is achieving same-store sales growth in excess of 15% so far in its fourth fiscal quarter for U.S. operations, which include both company-operated and franchise partner-operated stores.
This information is based on a statement issued in a Securities and Exchange Commission filing under Regulation FD Disclosure.
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