Movers: AutoNation, BJ's Restaurants, Chuy's, Deere, Dropbox, DoorDash, Hyatt Hotel

  • Scott Peters
  • U.S.A. New York City
  • Feb 17, 2023
  • AutoNation said new vehicle sales increased but profit per vehicle declined for new and used vehicle sales. Hyatt Hotels swung to profit on higher leisure demand. DoorDash said higher demand for delivery service lifted revenue but losses expanded too.

    AutoNation Inc increased 9.5% to $154.90 after the automobile dealer reported better-than-expected sales of new vehicles. 

    AutoNation said fourth quarter revenue decreased 2% to $6.7 billion and net income declined 26% to $286.4 million from $ 387.1 million and diluted earnings per share declined to $5.72 from $5.87 a year ago. 

    In the quarter, new vehicle unit sales increased 4% to 60,074 and used vehicle sales declined 9% to 67,608.

    BJ's Restaurants Inc fell 3.3% to $33.49 after the casual restaurant chain operator reported mixed quarterly results. 

    BJ's Restaurants said fourth quarter revenue increased to $344 million and the company swung to a net income of $3.9 million from a loss of $4.7 million and diluted earnings per share was (17 cents) compared to 20 cents a year ago. 

    In 2022, revenue increased to $1.3 billion and net income increased to $4.1 million from a loss of $3.6 million or 17 cents compared to (16 cents) a share.

    Chuy's Holdings Inc increased 8.5% to $36.79 after the Tex-Mex casual restaurant chain operator reported better-than-expected earnings. 

    Chuy's said revenue in the fourth quarter increased 5.5% to $104.1 million and net income plunged 58.3% to $2.5 million from $6.0 million and diluted EPS declined to 14 cents from 30 cents a year ago. 

    In 2022, Tex-Mex restaurant company's revenue increased 6.5% to $422.2 million and net income declined 44.5% to $20.9 million from $30.2 million or $1.11 from $1.50 a share a year ago.

    Deere & Company increased 5.9% to $426.89 after quarterly income more than doubled. 

    Deere & Company said revenue in the fiscal first quarter ending in January increased 32% to $12.6 billion and net income jumped 117% to $1.95 billion from $903 million and diluted earnings per share rose to $6.55 from $2.92 a year ago.

    DoorDash Inc declined 5.9% to $62.94 after the delivery service provider said quarterly loss expanded. 

    DoorDash said revenue in the fourth quarter increased 38% to $1.8 billion and net loss expanded to $659 million from $157 million and diluted loss per share increased to $1.65 from 45 cents a year ago. 

    In 2022, revenue increased 34.6% $6.6 billion from $4.9 billion and net loss increased to $1.4 billion from $468 million or $3.68 from $1.39 a share.

    Dropbox Inc fell 9.6% to $21.65 after the company reported weak revenue growth and a decline in annual earnings adjusted for one-time tax benefit. 

    Dropbox said fourth quarter revenue increased 5.9% to s $598.8 million and net income increased 163% to $328.3 million from $124.6 million and diluted EPS rose to 93 cents from 32 cents a year ago. 

    In 2022, revenue increased to $2.3 billion from $2.2 billion and net income increased 65% to $553 million from $335.8 million or $1.52 from 85 cents a share a year ago.

    Hyatt Hotels Corporation declined 2.4% to $114.10 after the hotel and resorts operator reported weaker-than-expected quarterly earnings. 

    Hyatt Hotels said revenue in the fourth quarter increased 49% to $1.59 billion and the hotel operator swung to a profit of $294 million from a loss of $29 million and diluted EPS was $2.74 from ($0.26) a year ago. 

    In 2022, revenue increased 97% to $5.9 billion from $3.0 billion and swung to a profit of $455 million from a loss of $222 million or $4.09 from ($2.13) a share a year ago.

    In the fourth quarter, 57 new hotels with 10,784 rooms joined Hyatt's system, included 31 franchised hotels with 5,082 rooms, mainly in Germany, as part of Hyatt's agreement with Lindner Hotels & Resorts, 2 Secrets Impression Moxché, Hyatt Centric Ville-Marie Montréal, and Fuji Speedway Hotel and Grayson Hotel in New York City. 

    For the full-year 2022, 120 new hotels with 23,227 rooms) joined Hyatt's system with 48 properties (or 8,281 rooms) converted to a Hyatt brand. 

    By the end of 2022, the company had a pipeline of approximately 580 hotels with 117,000 rooms.

Annual Returns

Company Ticker 2024 2023 2022
AutoNation Inc AN 27% 28% 1%
Chuy s Holdings Inc CHUY 0% 0% -0%
Chuy`s Holdings Inc CHUY 0% 0% 0%
Dropbox Inc. DBX -19% 29% -7%
Hyatt Hotels Corporation H 13% 30% 4%
BJ`s Restaurants Inc BJRI -12% 22% -15%
Deere & Company DE -7% -8% 28%
DoorDash Inc. DASH 12% 70% -61%