J Alexanders Holdings Inc (NYSE:JAX) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 141,800 shares, a growth of 29.9% from the May 30th total of 109,200 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 55,200 shares, the days-to-cover ratio is presently 2.6 days.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of J Alexanders by 24.1% in the fourth quarter. BlackRock Inc. now owns 1,390,914 shares of the company’s stock worth $11,449,000 after purchasing an additional 269,794 shares during the period. River Road Asset Management LLC increased its holdings in shares of J Alexanders by 2.9% in the first quarter. River Road Asset Management LLC now owns 956,506 shares of the company’s stock worth $9,393,000 after purchasing an additional 26,955 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of J Alexanders by 14.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 602,277 shares of the company’s stock worth $4,957,000 after purchasing an additional 75,253 shares during the period. Ranger Investment Management L.P. increased its holdings in shares of J Alexanders by 24.8% in the fourth quarter. Ranger Investment Management L.P. now owns 474,640 shares of the company’s stock worth $3,906,000 after purchasing an additional 94,254 shares during the period. Finally, Raymond James & Associates increased its holdings in shares of J Alexanders by 14.7% in the first quarter. Raymond James & Associates now owns 325,824 shares of the company’s stock worth $3,200,000 after purchasing an additional 41,756 shares during the period. 74.09% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a report on Thursday, June 6th.
JAX stock traded up $0.37 during midday trading on Friday, reaching $11.29. 33,091 shares of the company’s stock traded hands, compared to its average volume of 27,696. The firm has a 50-day moving average price of $10.63. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.48 and a quick ratio of 0.39. J Alexanders has a 52 week low of $7.70 and a 52 week high of $13.40. The stock has a market capitalization of $160.47 million, a price-to-earnings ratio of 18.82 and a beta of 0.77.
J Alexanders (NYSE:JAX) last issued its earnings results on Wednesday, May 1st. The company reported $0.26 earnings per share (EPS) for the quarter. J Alexanders had a net margin of 2.55% and a return on equity of 8.53%. The business had revenue of $64.73 million for the quarter. On average, sell-side analysts forecast that J Alexanders will post 0.7 EPS for the current fiscal year.
J Alexanders Company Profile
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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