Shares of J Alexanders Holdings Inc (NYSE:JAX) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price objective of $15.00 for the company, according to Zacks. Zacks has also assigned J Alexanders an industry rank of 88 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of J Alexanders from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.
Shares of NYSE:JAX traded up $0.74 on Monday, reaching $11.49. 90,046 shares of the company were exchanged, compared to its average volume of 45,736. The company has a current ratio of 0.48, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. J Alexanders has a 1-year low of $7.70 and a 1-year high of $13.40. The company has a market capitalization of $155.92 million, a price-to-earnings ratio of 19.15 and a beta of 0.77. The stock’s 50-day simple moving average is $10.92.
J Alexanders (NYSE:JAX) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). J Alexanders had a return on equity of 8.53% and a net margin of 2.55%. The company had revenue of $62.23 million for the quarter. As a group, analysts expect that J Alexanders will post 0.7 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its stake in J Alexanders by 580.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,723 shares of the company’s stock valued at $27,000 after acquiring an additional 2,323 shares during the last quarter. Marshall Wace LLP lifted its holdings in J Alexanders by 1,999.1% in the 1st quarter. Marshall Wace LLP now owns 9,341 shares of the company’s stock valued at $92,000 after purchasing an additional 8,896 shares in the last quarter. Raymond James Trust N.A. purchased a new position in J Alexanders in the 1st quarter valued at about $114,000. Oppenheimer Asset Management Inc. lifted its holdings in J Alexanders by 9.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 18,115 shares of the company’s stock valued at $178,000 after purchasing an additional 1,571 shares in the last quarter. Finally, Bailard Inc. purchased a new position in J Alexanders in the 1st quarter valued at about $191,000. 74.03% of the stock is currently 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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