Outback franchisee Cerca Trova filed for bankruptcy over rising costs
Published . Updated .
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Bloomin' Brands has agreed to buy the 61-restaurant operator's assets for $26.3 million, subject to court approval and higher bids
Directly affected
- BLMN Bloomin' Brands+27.6% 30d
Named in this report.
Indirectly affected
- XLY Consumer Discretionary Select Sector SPDR+5.7% 30d
Consumer Discretionary Select Sector SPDR holds the consumer sector that Bloomin' Brands belongs to, so it often moves with news about it.
- MCD McDonald's
McDonald's is a peer of Bloomin' Brands in eating places; rivals often move on the same news.
- YUM Yum! Brands+11.6% 30d
Yum! Brands is a peer of Bloomin' Brands in eating places; rivals often move on the same news.
- CMG Chipotle Mexican Grill-1.3% 30d
Chipotle Mexican Grill is a peer of Bloomin' Brands in eating places; rivals often move on the same news.
- QSR Restaurant Brands International+3.3% 30d
Restaurant Brands International is a peer of Bloomin' Brands in eating places; rivals often move on the same news.
- DRI Darden Restaurants+2.6% 30d
Darden Restaurants is a peer of Bloomin' Brands in eating places; rivals often move on the same news.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BLMN | -2.63% | +3.17% | base | +5.85% | after close | after close | after close |
| XLY | -1.73% | -1.67% | base | +4.66% | after close | after close | after close |
| MCD | -4.68% | -1.85% | base | +5.61% | after close | after close | after close |
| YUM | -4.46% | -1.07% | base | +5.42% | after close | after close | after close |
| CMG | -13.50% | -4.16% | base | +3.80% | after close | after close | after close |
| QSR | +0.28% | -2.53% | base | +4.25% | after close | after close | after close |
| DRI | -1.18% | +0.34% | base | +4.05% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Outback franchisee Cerca Trova filed for bankruptcy over rising costs Quartz
Source: Quartz
This story
| Company | When | Move | Status |
|---|---|---|---|
| BLMN | that day | +5.85% | still updating |
| BLMN | three days earlier | +3.17% | final price |
| BLMN | five days earlier | -2.63% | final price |
| CMG | that day | +3.80% | still updating |
| CMG | three days earlier | -4.16% | final price |
| CMG | five days earlier | -13.50% | final price |
| DRI | that day | +4.05% | still updating |
| DRI | three days earlier | +0.34% | final price |
| DRI | five days earlier | -1.18% | final price |
| MCD | that day | +5.61% | still updating |
| MCD | three days earlier | -1.85% | final price |
| MCD | five days earlier | -4.68% | final price |
| QSR | that day | +4.25% | still updating |
| QSR | three days earlier | -2.53% | final price |
| QSR | five days earlier | +0.28% | final price |
| XLY | that day | +4.66% | still updating |
| XLY | three days earlier | -1.67% | final price |
| XLY | five days earlier | -1.73% | final price |
| YUM | that day | +5.42% | still updating |
| YUM | three days earlier | -1.07% | final price |
| YUM | five days earlier | -4.46% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Mcdonalds (MCD) (held by a spouse), worth $1,001 - $15,000 on 27 Oct 2026. That is 8 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Mcdonalds (MCD) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Josh Gottheimer sold Mcdonalds (MCD) (jointly held), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Chipotle Mexican Grill (CMG) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Chipotle Mexican Grill (CMG) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chipotle Mexican Grill (CMG), worth $1,001 - $15,000 on 10 Aug 2026. That is 86 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Josh Gottheimer bought Restaurant Brands International (QSR) (jointly held), worth $1,001 - $15,000 on 6 Aug 2026. That is 90 days before publication. Filed 14 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100Price not final
“Outback franchisee Cerca Trova filed for bankruptcy over rising costs” scores 12 out of 100. The score uses 1 sources. The price is not final yet.