Shares of J Alexanders Holdings Inc (NYSE:JAX) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price target of $15.00 for the company, according to Zacks. Zacks has also given J Alexanders an industry rank of 47 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of J Alexanders from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Friday.
A number of hedge funds have recently modified their holdings of the stock. Marshall Wace LLP lifted its stake in J Alexanders by 1,999.1% during the first quarter. Marshall Wace LLP now owns 9,341 shares of the company’s stock worth $92,000 after purchasing an additional 8,896 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in J Alexanders in the 2nd quarter valued at $113,000. Barings LLC grew its position in J Alexanders by 26.1% in the second quarter. Barings LLC now owns 14,500 shares of the company’s stock valued at $163,000 after acquiring an additional 3,000 shares during the period. Meeder Asset Management Inc. grew its position in J Alexanders by 4,651.9% in the third quarter. Meeder Asset Management Inc. now owns 18,960 shares of the company’s stock valued at $222,000 after acquiring an additional 18,561 shares during the period. Finally, Alpine Group USVI LLC bought a new stake in J Alexanders in the third quarter valued at $234,000. 65.79% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:JAX opened at $10.09 on Friday. The business has a 50-day moving average of $10.05 and a two-hundred day moving average of $10.79. J Alexanders has a fifty-two week low of $7.70 and a fifty-two week high of $12.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.48 and a quick ratio of 0.40. The stock has a market capitalization of $150.94 million, a P/E ratio of 16.82 and a beta of 0.70.
J Alexanders (NYSE:JAX) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.12. The business had revenue of $56.87 million during the quarter. J Alexanders had a net margin of 3.13% and a return on equity of 9.37%. As a group, research analysts expect that J Alexanders will post 0.68 EPS for the current fiscal year.
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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