J Alexanders Holdings Inc (NYSE:JAX) has been assigned 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 analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus target price of $15.00 for the company, according to Zacks. Zacks has also given J Alexanders an industry rank of 191 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised J Alexanders from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th.

JAX traded down $0.50 on Wednesday, hitting $12.40. 62,300 shares of the company were exchanged, compared to its average volume of 44,208. J Alexanders has a 12 month low of $8.70 and a 12 month high of $13.40. The firm has a market capitalization of $193.24 million, a PE ratio of 23.96 and a beta of -0.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.46 and a current ratio of 0.56.

J Alexanders (NYSE:JAX) last released its earnings results on Thursday, August 9th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. J Alexanders had a return on equity of 7.50% and a net margin of 3.43%. The business had revenue of $60.42 million for the quarter. research analysts forecast that J Alexanders will post 0.55 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its position in J Alexanders by 252.7% during the first quarter. The Manufacturers Life Insurance Company now owns 11,647 shares of the company’s stock worth $133,000 after buying an additional 8,345 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in J Alexanders during the first quarter worth approximately $140,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in J Alexanders during the second quarter worth approximately $152,000. Spark Investment Management LLC acquired a new position in J Alexanders during the second quarter worth approximately $182,000. Finally, ClariVest Asset Management LLC acquired a new position in J Alexanders during the first quarter worth approximately $205,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

J Alexanders Company Profile

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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