J Alexanders (NYSE:JAX) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of J Alexanders (NYSE:JAX) from a hold rating to a sell rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “J. Alexanders Holdings, Inc. owns and operates dining restaurants primarily in the United States. Its operating segments consists of J. Alexander’s, Redlands Grill and Stoney River Steakhouse and Grill. J. Alexander’s restaurant offer seafood czarina, Tuscan steak, grilled fish with mango papaya salsa and chicken Milanese. Redlands Grill offers a sushi program, a coffee-cured rib eye and made-from-scratch flatbreads. Stoney River offers fresh seafood selections, salads and house specialties. J. Alexanders Holdings, Inc. is based in Nashville, TN. “

NYSE JAX opened at $11.65 on Wednesday. The company has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $10.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.55 and a quick ratio of 0.46. The firm has a market capitalization of $171.79 million, a price-to-earnings ratio of 19.42 and a beta of 0.72. J Alexanders has a 52-week low of $7.70 and a 52-week high of $13.40.

J Alexanders (NYSE:JAX) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $62.23 million during the quarter. J Alexanders had a return on equity of 8.42% and a net margin of 2.56%. On average, analysts predict that J Alexanders will post 0.6 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in J Alexanders by 580.8% during the first quarter. BNP Paribas Arbitrage SA now owns 2,723 shares of the company’s stock valued at $27,000 after acquiring an additional 2,323 shares in the last quarter. Marshall Wace LLP raised its position in J Alexanders by 1,999.1% during the first quarter. Marshall Wace LLP now owns 9,341 shares of the company’s stock valued at $92,000 after acquiring an additional 8,896 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in J Alexanders during the second quarter valued at approximately $113,000. Raymond James Trust N.A. raised its position in J Alexanders by 8.6% during the second quarter. Raymond James Trust N.A. now owns 12,610 shares of the company’s stock valued at $141,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Barings LLC raised its position in J Alexanders by 26.1% during the second quarter. Barings LLC now owns 14,500 shares of the company’s stock valued at $163,000 after acquiring an additional 3,000 shares in the last quarter. 70.06% of the stock is owned by institutional investors and hedge funds.

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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