J Alexanders (NYSE:JAX) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of J Alexanders (NYSE:JAX) from a hold rating to a sell rating in a research report sent to investors on Wednesday, Zacks.com reports.

According to Zacks, “J. Alexanders Holdings, Inc. owns and operates dining restaurants primarily in the United States. Its operating segments consists of J. Alexander’s, Redlands Grill and Stoney River Steakhouse and Grill. J. Alexander’s restaurant offer seafood czarina, Tuscan steak, grilled fish with mango papaya salsa and chicken Milanese. Redlands Grill offers a sushi program, a coffee-cured rib eye and made-from-scratch flatbreads. Stoney River offers fresh seafood selections, salads and house specialties. J. Alexanders Holdings, Inc. is based in Nashville, TN. “

Shares of JAX stock opened at $11.65 on Wednesday. The stock has a market cap of $171.79 million, a P/E ratio of 19.42 and a beta of 0.72. J Alexanders has a one year low of $7.70 and a one year high of $13.40. The stock has a fifty day moving average price of $11.41 and a 200 day moving average price of $10.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.55 and a quick ratio of 0.46.

J Alexanders (NYSE:JAX) last issued its earnings results on Friday, August 9th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $62.23 million during the quarter. J Alexanders had a return on equity of 8.42% and a net margin of 2.56%. Equities research analysts anticipate that J Alexanders will post 0.6 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC lifted its position in J Alexanders by 2.5% in the second quarter. Ancora Advisors LLC now owns 1,278,800 shares of the company’s stock worth $14,361,000 after purchasing an additional 30,845 shares during the period. Raymond James Trust N.A. lifted its position in J Alexanders by 8.6% in the second quarter. Raymond James Trust N.A. now owns 12,610 shares of the company’s stock worth $141,000 after purchasing an additional 1,000 shares during the period. Russell Investments Group Ltd. lifted its position in J Alexanders by 11.7% in the second quarter. Russell Investments Group Ltd. now owns 433,011 shares of the company’s stock worth $4,860,000 after purchasing an additional 45,478 shares during the period. AJO LP lifted its position in J Alexanders by 30.9% in the first quarter. AJO LP now owns 22,180 shares of the company’s stock worth $218,000 after purchasing an additional 5,234 shares during the period. Finally, Raymond James & Associates lifted its position in J Alexanders by 14.7% in the first quarter. Raymond James & Associates now owns 325,824 shares of the company’s stock worth $3,200,000 after purchasing an additional 41,756 shares during the period. 70.06% of the stock is owned by hedge funds and other institutional investors.

About J Alexanders

J. Alexander's Holdings, Inc, through its subsidiaries, owns and operates complementary upscale dining restaurants in the United States. It operates restaurants under various concepts, including J. Alexander's, Redlands Grill, Lyndhurst Grill, Overland Park Grill, and River Steakhouse and Grill.

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