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 Video: What is a Stock Split?
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| Biglari Holdings is a holding company. Through its subsidiaries, Co. is engaged in several business activities, including property and casualty insurance, licensing and media, restaurants, and oil and gas. Co.'s restaurant operations are conducted through Steak n Shake Inc. and Western Sizzlin Corporation. Co.'s insurance business is composed of First Guard Insurance Company and its agency, 1st Guard Corporation, and Southern Pioneer Property & Casualty Insurance Company and its agency, Southern Pioneer Insurance Agency, Inc. Co.'s subsidiary, Southern Oil Company operates oil and natural gas properties offshore. Co.'s Maxim Inc. subsidary's business lies principally in brand licensing. According to our BH split history records, Biglari Holdings has had 8 splits. | |
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Biglari Holdings (BH) has 8 splits in our BH split history database. The first split for BH took place on December 24, 1992. This was a 11 for 10 split, meaning for each 10 shares of BH owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. BH's second split took place on January 04, 1994. This was a 11 for 10 split, meaning for each 10 shares of BH owned pre-split, the shareholder now owned 11 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. BH's third split took place on December 29, 1994. This was a 11 for 10 split, meaning for each 10 shares of BH owned pre-split, the shareholder now owned 11 shares. For example, a 1210 share position pre-split, became a 1331 share position following the split. BH's 4th split took place on December 20, 1995. This was a 11 for 10 split, meaning for each 10 shares of BH owned pre-split, the shareholder now owned 11 shares. For example, a 1331 share position pre-split, became a 1464.1 share position following the split. BH's 5th split took place on August 23, 2013. This was a 1077 for 1000 split, meaning for each 1000 shares of BH owned pre-split, the shareholder now owned 1077 shares. For example, a 1464.1 share position pre-split, became a 1576.8357 share position following the split. BH's 6th split took place on August 15, 2014. This was a 1077 for 1000 split, meaning for each 1000 shares of BH owned pre-split, the shareholder now owned 1077 shares. For example, a 1576.8357 share position pre-split, became a 1698.2520489 share position following the split. BH's 7th split took place on April 30, 2018. BH's 8th split took place on May 01, 2018. This was a 3 for 2 split, meaning for each 2 shares of BH owned pre-split, the shareholder now owned 3 shares. For example, a 1698.2520489 share position pre-split, became a 2547.37807335 share position following the split.
When a company such as Biglari Holdings splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the BH split history from start to finish, an original position size of 1000 shares would have turned into 2547.37807335 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Biglari Holdings shares, starting with a $10,000 purchase of BH, presented on a split-history-adjusted basis factoring in the complete BH split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$219.31 |
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| End price/share: |
$169.94 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-22.51% |
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| Average Annual Total Return: |
-2.52% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$7,747.39 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 12/24/1992 | 11 for 10 | | 01/04/1994 | 11 for 10 | | 12/29/1994 | 11 for 10 | | 12/20/1995 | 11 for 10 | | 08/23/2013 | 1077 for 1000 | | 08/15/2014 | 1077 for 1000 | | 04/30/2018 | 1 for 1 | | 05/01/2018 | 3 for 2 |
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