Crescent Grove Advisors LLC Buys New Position in J. Alexander’s Holdings, Inc. (NYSE:JAX)
Crescent Grove Advisors LLC bought a new position in J. Alexander’s Holdings, Inc. (NYSE:JAX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 108,381 shares of the company’s stock, valued at approximately $1,328,000.
A number of other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in shares of J. Alexander’s Holdings during the second quarter worth approximately $282,000. Spark Investment Management LLC bought a new position in J. Alexander’s Holdings during the second quarter worth $297,000. Finally, Russell Investments Group Ltd. increased its position in J. Alexander’s Holdings by 26.5% in the second quarter. Russell Investments Group Ltd. now owns 564,265 shares of the company’s stock worth $6,911,000 after buying an additional 118,122 shares during the period. Institutional investors and hedge funds own 71.87% of the company’s stock.
J. Alexander’s Holdings, Inc. (JAX) opened at 9.55 on Friday. J. Alexander’s Holdings, Inc. has a 1-year low of $8.35 and a 1-year high of $12.30. The stock has a 50 day moving average price of $10.95 and a 200-day moving average price of $10.51. The firm has a market cap of $140.34 million, a P/E ratio of 19.14 and a beta of 0.22.
J. Alexander’s Holdings (NYSE:JAX) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.02 EPS for the quarter. The business had revenue of $58.22 million for the quarter. J. Alexander’s Holdings had a net margin of 3.34% and a return on equity of 7.66%. Equities research analysts forecast that J. Alexander’s Holdings, Inc. will post $0.57 EPS for the current year.
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J. Alexander’s Holdings Company Profile
J. Alexander’s Holdings, Inc, through its subsidiaries, owns and operates three complementary dining restaurant concepts: J. Alexander’s, Redlands Grill and Stoney River Steakhouse and Grill (Stoney River). The Company is engaged in providing contemporary American cuisines. J. Alexander’s is an upscale dining restaurant offering a contemporary American menu.
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