Shares of J Alexanders Holdings Inc (NYSE:JAX) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a one year consensus price objective of $15.00 for the company, according to Zacks. Zacks has also assigned J Alexanders an industry rank of 165 out of 257 based on the ratings given to its competitors.
JAX has been the topic of several analyst reports. Zacks Investment Research raised shares of J Alexanders from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine raised shares of J Alexanders from a “hold” rating to a “buy” rating in a research note on Tuesday.
Shares of JAX stock traded down $0.50 during mid-day trading on Friday, reaching $9.80. The company’s stock had a trading volume of 81,297 shares, compared to its average volume of 105,351. J Alexanders has a 12-month low of $8.70 and a 12-month high of $13.40. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 0.07. The company has a market cap of $165.32 million, a PE ratio of 18.49 and a beta of 0.28.
J Alexanders (NYSE:JAX) last released its quarterly earnings results on Wednesday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). J Alexanders had a return on equity of 7.55% and a net margin of 3.50%. The firm had revenue of $56.73 million for the quarter. Equities research analysts expect that J Alexanders will post 0.5 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in JAX. The Manufacturers Life Insurance Company increased its position in shares of J Alexanders by 252.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 11,647 shares of the company’s stock worth $133,000 after purchasing an additional 8,345 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of J Alexanders in the 2nd quarter worth about $152,000. JPMorgan Chase & Co. increased its position in shares of J Alexanders by 411.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,620 shares of the company’s stock worth $162,000 after purchasing an additional 10,959 shares during the last quarter. Spark Investment Management LLC bought a new stake in shares of J Alexanders in the 2nd quarter worth about $182,000. Finally, ClariVest Asset Management LLC increased its position in shares of J Alexanders by 46.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 26,347 shares of the company’s stock worth $294,000 after purchasing an additional 8,412 shares during the last quarter. 69.75% of the stock is owned by institutional investors.
About J Alexanders
J. Alexander's Holdings, Inc, through its subsidiaries, owns and operates full service restaurants in the United States. It operates four complementary upscale dining restaurant concepts, including J. Alexander's, Redlands Grill, Lyndhurst Grill, and Stoney River Steakhouse and Grill (Stoney River).
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