
Buoyed by a recovering Steak n Shake, Biglari goes back on the restaurant hunt
Sardar Biglari now has nearly 10% of Jack in the Box shares. | Photo: Shutterstock. In 2023, Sardar Biglari quietly began buying up stock in two California-based restaurant companies: Jack in the Box and El Pollo Loco. In 2025, he’s putting those moves …