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Restaurant stocks have been on a wild ride in the past few months, to say the least. There was panic selling in the sector back in March after it became clear COVID-19 was creating a crisis, followed by enormous levels of frenzied buying. The rebound has subsided for most restaurant stocks, including one of my former favorites in the space, casual dining conglomerate Bloomin’ Brands (BLMN).
Bloomin’ has seen its shares fall by about a third from recent highs, indicating investors may not be quite as enthusiastic about a longer-term recovery,