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Shares of restaurant company Bloomin’ Brands (NASDAQ:BLMN) jumped 5.1% in the pre-market session after JPMorgan upgraded the company from Underweight to Neutral and raised its price target to $13.00 from $6.00, as reported by Investing.com.
TAMPA, Fla., September 29, 2026--Bloomin’ Brands, Inc. (Nasdaq: BLMN) today announced that it and its wholly-owned subsidiary, OSI Restaurant Partners, LLC, have amended and restated their revolving credit facility to extend its maturity date to September 25, 2031. The amount of the lender commitments under the $1.2 billion facility and the interest rate elections and spreads remained substantially unchanged, and the transaction is leverage neutral. Other than the addition of a new senior secure
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McDonald’s and other fast-food stocks face pressure, but Brinker International, Bloomin’ Brands and several casual-dining peers have outperformed.
The steakhouse chain was purchased twice after a previous owner filed for bankruptcy in 2021.
Wall Street has set ambitious price targets for the stocks in this article. While this suggests attractive upside potential, it’s important to remain skeptical because analysts face institutional pressures that can sometimes lead to overly optimistic forecasts.
It’s not just about whether US consumers are spending, writes John Rowland; it’s where they’re spending.
A number of restaurant stocks fell in Tuesday's morning session after a nationwide decline in dining foot traffic raised concerns over weakening consumer demand across the industry.
The popular restaurant chain is closing two locations that had each operated for over 20 years.
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