J Alexanders (NYSE:JAX) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of J Alexanders (NYSE:JAX) from a hold rating to a buy rating in a report published on Friday, Zacks.com reports. They currently have $11.00 price target on the stock.

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. “

Shares of J Alexanders stock opened at $10.09 on Friday. The stock has a market cap of $150.94 million, a price-to-earnings ratio of 16.82 and a beta of 0.70. J Alexanders has a twelve month low of $7.70 and a twelve month high of $12.01. The company’s fifty day moving average is $10.05 and its 200 day moving average is $10.79. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 0.63.

J Alexanders (NYSE:JAX) last announced its earnings results on Thursday, November 7th. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.12. The firm had revenue of $56.87 million for the quarter. J Alexanders had a return on equity of 9.37% and a net margin of 3.13%. As a group, equities analysts anticipate that J Alexanders will post 0.68 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Marshall Wace LLP raised its holdings in shares of 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 purchasing an additional 8,896 shares during the period. Wells Fargo & Company MN raised its holdings in shares of J Alexanders by 118.8% in the 2nd quarter. Wells Fargo & Company MN now owns 48,827 shares of the company’s stock worth $548,000 after acquiring an additional 26,516 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of J Alexanders by 11.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 433,011 shares of the company’s stock worth $4,860,000 after acquiring an additional 45,478 shares during the last quarter. Renaissance Technologies LLC lifted its position in J Alexanders by 14.1% in the 2nd quarter. Renaissance Technologies LLC now owns 328,705 shares of the company’s stock valued at $3,691,000 after acquiring an additional 40,505 shares in the last quarter. Finally, Ancora Advisors LLC lifted its position in J Alexanders by 2.5% in the 2nd quarter. Ancora Advisors LLC now owns 1,278,800 shares of the company’s stock valued at $14,361,000 after acquiring an additional 30,845 shares in the last quarter. 65.79% of the stock is owned by hedge funds and other institutional investors.

About J Alexanders

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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