Outback's once-biggest franchisee Cerca Trova files for bankruptcy
Published . Updated .
Bloomin' Brands agreed to buy the 61-restaurant operator's assets for $26.3 million, subject to higher bids and court approval
Directly affected
- BLMN Bloomin' Brands+12.0% 30d
Named in this report.
Indirectly affected
- XLY Consumer Discretionary Select Sector SPDR+2.3% 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-10.4% 5d
McDonald's is a peer of Bloomin' Brands in eating places; rivals often move on the same news.
- YUM Yum! Brands+11.5% 30d
Yum! Brands is a peer of Bloomin' Brands in eating places; rivals often move on the same news.
- CMG Chipotle Mexican Grill-13.9% 30d
Chipotle Mexican Grill is a peer of Bloomin' Brands in eating places; rivals often move on the same news.
- QSR Restaurant Brands International-0.7% 30d
Restaurant Brands International is a peer of Bloomin' Brands in eating places; rivals often move on the same news.
- DRI Darden Restaurants+4.1% 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 | -13.66% | -5.63% | base | +2.88% | after close | after close | after close |
| XLYNo price data for this ticker | — | — | — | — | — | — | — |
| MCDNo price data for this ticker | — | — | — | — | — | — | — |
| YUMNo price data for this ticker | — | — | — | — | — | — | — |
| CMGNo price data for this ticker | — | — | — | — | — | — | — |
| QSRNo price data for this ticker | — | — | — | — | — | — | — |
| DRINo price data for this ticker | — | — | — | — | — | — | — |
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.
Market Call
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Outback's once-biggest franchisee Cerca Trova files for bankruptcy Quartz
Source: Quartz
This story
| Company | When | Move | Status |
|---|---|---|---|
| BLMN | that day | +2.88% | still updating |
| BLMN | three days earlier | -5.63% | final price |
| BLMN | five days earlier | -13.66% | 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 6 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 31 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 38 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 31 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 38 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 84 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 88 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's once-biggest franchisee Cerca Trova files for bankruptcy” scores 12 out of 100. The score uses 1 sources. The price is not final yet.