BGB Securities Maintains Buy Rating, $500 PT On BH

BGB Securities, which is maintaining its Buy rating and $500 PT on shares of Biglari Holdings Inc.

, said that it came away from a recent company meeting with “a reinforced belief in our thesis that BH shares are likely to prove to be an attractive investment, especially for patient investors with a long-term orientation.” “We would, however, like to highlight our continuing belief that BH shares could offer significantly greater rewards to patient investors with 5-year, 10-year, or even longer time frames,” BGB Securities writes. “We would particularly note that CEO Sardar Biglari, the driving force of the company, is just 33 years of age, and he observed that he is now ―fully committed—both economically and emotionally‖ to BH for the long term. “The early results of his leadership have so far proven to be very rewarding for BH shareholders, and we are optimistic that he will be able to continue to achieve attractive returns for many years to come.” Biglari Holdings closed Friday at $407.65.