Darden Restaurants Inc (DRI)
Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando.
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 68.49% per annum.
- DRI price at the close of April 28, 2025 was $200.37 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 31.60% per annum.
- DRI price at the close of April 28, 2025 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 DRI 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: July 1, 2024
End date: April 3, 2025
a = 2.7433
b = 0.0014
s = 0.0335
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 68.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0335) – 1
= 14.36%
July 1, 2024 calculations
Top border of price channel:
Exp(Y1,049)
= Exp(a + b × X1,049 + 2 × s)
= Exp(a + b × 1,524 + 2 × s)
= Exp(2.7433 + 0.0014 × 1,524 + 2 × 0.0335)
= Exp(4.9886)
= $146.73
Bottom border of price channel:
Exp(Y1,049)
= Exp(a + b × X1,049 – 2 × s)
= Exp(a + b × 1,524 – 2 × s)
= Exp(2.7433 + 0.0014 × 1,524 – 2 × 0.0335)
= Exp(4.8544)
= $128.31
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(2.7433 + 0.0014 × 1,800 + 2 × 0.0335)
= Exp(5.3831)
= $217.69
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(2.7433 + 0.0014 × 1,800 – 2 × 0.0335)
= Exp(5.2489)
= $190.36
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 68.49% per annum.
- DRI price at the close of April 28, 2025 was $200.37 and was inside the primary price channel.
Secondary Trend
Start date: December 19, 2024
End date: April 28, 2025
a = 3.9325
b = 0.0008
s = 0.0296
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 31.60%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0296) – 1
= 12.59%
December 19, 2024 calculations
Top border of price channel:
Exp(Y1,169)
= Exp(a + b × X1,169 + 2 × s)
= Exp(a + b × 1,695 + 2 × s)
= Exp(3.9325 + 0.0008 × 1,695 + 2 × 0.0296)
= Exp(5.2669)
= $193.82
Bottom border of price channel:
Exp(Y1,169)
= Exp(a + b × X1,169 – 2 × s)
= Exp(a + b × 1,695 – 2 × s)
= Exp(3.9325 + 0.0008 × 1,695 – 2 × 0.0296)
= Exp(5.1483)
= $172.14
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.9325 + 0.0008 × 1,825 + 2 × 0.0296)
= Exp(5.3647)
= $213.73
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.9325 + 0.0008 × 1,825 – 2 × 0.0296)
= Exp(5.2461)
= $189.83
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 31.60% per annum.
- DRI price at the close of April 28, 2025 was inside the secondary price channel.