Millennium Management LLC Buys Shares of 40,167 J. Alexander’s (JAX)

Millennium Management LLC bought a new stake in shares of J. Alexander’s (NYSE:JAX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,167 shares of the company’s stock, valued at approximately $390,000.

A number of other hedge funds also recently modified their holdings of the stock. River Road Asset Management LLC boosted its holdings in J. Alexander’s by 2.5% during the 4th quarter. River Road Asset Management LLC now owns 1,048,263 shares of the company’s stock valued at $10,168,000 after acquiring an additional 25,920 shares during the period. Dimensional Fund Advisors LP boosted its holdings in J. Alexander’s by 21.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 273,923 shares of the company’s stock valued at $3,178,000 after acquiring an additional 48,929 shares during the period. Ranger Investment Management L.P. boosted its holdings in J. Alexander’s by 6.9% during the 4th quarter. Ranger Investment Management L.P. now owns 248,271 shares of the company’s stock valued at $2,408,000 after acquiring an additional 15,920 shares during the period. Renaissance Technologies LLC boosted its holdings in J. Alexander’s by 21.5% during the 4th quarter. Renaissance Technologies LLC now owns 193,700 shares of the company’s stock valued at $1,879,000 after acquiring an additional 34,300 shares during the period. Finally, Deutsche Bank AG boosted its holdings in J. Alexander’s by 92.5% during the 4th quarter. Deutsche Bank AG now owns 65,897 shares of the company’s stock valued at $637,000 after acquiring an additional 31,673 shares during the period. Institutional investors own 72.02% of the company’s stock.

Several equities research analysts recently weighed in on JAX shares. Zacks Investment Research upgraded J. Alexander’s from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Friday, April 13th. TheStreet raised J. Alexander’s from a “c” rating to a “b-” rating in a research report on Wednesday, March 14th.

J. Alexander’s opened at $12.15 on Friday, according to Marketbeat.com. The company has a market cap of $177.08 million, a price-to-earnings ratio of 26.78 and a beta of -0.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.60 and a quick ratio of 0.53. J. Alexander’s has a one year low of $11.85 and a one year high of $12.00.

J. Alexander’s (NYSE:JAX) last released its quarterly earnings results on Friday, May 4th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The business had revenue of $61.91 million for the quarter. J. Alexander’s had a net margin of 2.65% and a return on equity of 5.97%. equities research analysts forecast that J. Alexander’s will post 0.56 EPS for the current fiscal year.

J. Alexander’s 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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Institutional Ownership by Quarter for J. Alexander`s (NYSE:JAX)

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