J Alexanders Holdings Inc (NYSE:JAX) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus target price of $15.00 for the company, according to Zacks. Zacks has also assigned J Alexanders an industry rank of 108 out of 255 based on the ratings given to related companies.
Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of J Alexanders from a “hold” rating to a “sell” rating in a report on Friday, December 7th. ValuEngine cut shares of J Alexanders from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th.
J Alexanders stock traded down $0.09 during trading hours on Thursday, hitting $9.00. The company had a trading volume of 46,108 shares, compared to its average volume of 44,962. The stock has a market cap of $133.53 million, a P/E ratio of 16.98 and a beta of 0.68. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.06. J Alexanders has a one year low of $7.70 and a one year high of $13.40.
J Alexanders (NYSE:JAX) last announced its earnings results on Wednesday, November 7th. The company reported ($0.04) EPS for the quarter. J Alexanders had a return on equity of 7.49% and a net margin of 3.50%. The business had revenue of $56.73 million for the quarter. Equities analysts anticipate that J Alexanders will post 0.46 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. increased its holdings in shares of J Alexanders by 73.8% during the fourth quarter. Meeder Asset Management Inc. now owns 9,548 shares of the company’s stock worth $78,000 after purchasing an additional 4,053 shares during the period. Rhumbline Advisers boosted its position in shares of J Alexanders by 42.4% during the 4th quarter. Rhumbline Advisers now owns 18,550 shares of the company’s stock worth $153,000 after acquiring an additional 5,523 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of J Alexanders by 411.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,620 shares of the company’s stock worth $162,000 after acquiring an additional 10,959 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in shares of J Alexanders during the 4th quarter worth approximately $477,000. Finally, Wedge Capital Management L L P NC boosted its position in shares of J Alexanders by 11.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 65,965 shares of the company’s stock worth $785,000 after acquiring an additional 6,965 shares in the last quarter. 74.94% of the stock is currently owned by institutional investors.
About J Alexanders
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).
Further Reading: Return on Equity (ROE)
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