Brinker International Inc (EAT)
Brinker International, Inc. owns, develops, operates and franchises casual dining restaurants in the United States and internationally. The company is headquartered in Dallas, Texas.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 155.94% per annum.
- EAT price at the close of November 19, 2024 was $122.13 and was higher than the top border of the primary price channel by $14.37 (13.34%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2,918.50% per annum.
- EAT price at the close of November 19, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of EAT price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 28, 2023
End date: November 1, 2024
a = -0.1753
b = 0.0026
s = 0.0769
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0026) – 1
= 155.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0769) – 1
= 36.01%
August 28, 2023 calculations
Top border of price channel:
Exp(Y947)
= Exp(a + b × X947 + 2 × s)
= Exp(a + b × 1,377 + 2 × s)
= Exp(-0.1753 + 0.0026 × 1,377 + 2 × 0.0769)
= Exp(3.5238)
= $33.91
Bottom border of price channel:
Exp(Y947)
= Exp(a + b × X947 – 2 × s)
= Exp(a + b × 1,377 – 2 × s)
= Exp(-0.1753 + 0.0026 × 1,377 – 2 × 0.0769)
= Exp(3.2163)
= $24.93
November 1, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,808 + 2 × s)
= Exp(-0.1753 + 0.0026 × 1,808 + 2 × 0.0769)
= Exp(4.6335)
= $102.88
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,808 – 2 × s)
= Exp(-0.1753 + 0.0026 × 1,808 – 2 × 0.0769)
= Exp(4.3259)
= $75.64
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 155.94% per annum.
- EAT price at the close of November 19, 2024 was $122.13 and was higher than the top border of the primary price channel by $14.37 (13.34%).
Secondary Trend
Start date: September 25, 2024
End date: November 19, 2024
a = -12.2290
b = 0.0093
s = 0.0223
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0093) – 1
= 2,918.50%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0223) – 1
= 9.35%
September 25, 2024 calculations
Top border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 + 2 × s)
= Exp(a + b × 1,771 + 2 × s)
= Exp(-12.2290 + 0.0093 × 1,771 + 2 × 0.0223)
= Exp(4.3483)
= $77.35
Bottom border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 – 2 × s)
= Exp(a + b × 1,771 – 2 × s)
= Exp(-12.2290 + 0.0093 × 1,771 – 2 × 0.0223)
= Exp(4.2589)
= $70.73
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(-12.2290 + 0.0093 × 1,826 + 2 × 0.0223)
= Exp(4.8617)
= $129.25
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-12.2290 + 0.0093 × 1,826 – 2 × 0.0223)
= Exp(4.7724)
= $118.20
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2,918.50% per annum.
- EAT price at the close of November 19, 2024 was inside the secondary price channel.