J Alexanders Holdings Inc (JAX) Given Average Recommendation of “Strong Buy” by Brokerages

Shares of J Alexanders Holdings Inc (NYSE:JAX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price target of $15.00 for the company, according to Zacks. Zacks has also assigned J Alexanders an industry rank of 161 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of J Alexanders from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. grew its stake in J Alexanders by 3.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,091 shares of the company’s stock valued at $286,000 after acquiring an additional 997 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in J Alexanders by 9.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 18,115 shares of the company’s stock valued at $178,000 after acquiring an additional 1,571 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake 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. Bessemer Group Inc. grew its stake in J Alexanders by 10.9% during the fourth quarter. Bessemer Group Inc. now owns 24,500 shares of the company’s stock valued at $202,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Mackay Shields LLC grew its stake in J Alexanders by 11.1% during the fourth quarter. Mackay Shields LLC now owns 37,997 shares of the company’s stock valued at $312,000 after acquiring an additional 3,797 shares in the last quarter. 73.22% of the stock is owned by institutional investors.

Shares of NYSE JAX opened at $10.71 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.42. The firm has a market capitalization of $158.12 million, a PE ratio of 17.85 and a beta of 0.77. J Alexanders has a 1 year low of $7.70 and a 1 year high of $13.40.

J Alexanders (NYSE:JAX) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $64.73 million during the quarter. J Alexanders had a net margin of 2.55% and a return on equity of 8.60%. As a group, research analysts predict that J Alexanders will post 0.69 earnings per share for the current fiscal year.

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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