Zacks: Brokerages Set $15.00 Target Price for J Alexanders Holdings Inc (NYSE:JAX)

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

Brokerages have set a 12 month consensus target price of $15.00 for the company, according to Zacks. Zacks has also assigned J Alexanders an industry rank of 93 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of J Alexanders from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th.

A number of hedge funds have recently modified their holdings of the business. Ancora Advisors LLC increased its stake in J Alexanders by 13.4% in the 4th quarter. Ancora Advisors LLC now owns 1,093,068 shares of the company’s stock valued at $10,450,000 after buying an additional 129,183 shares during the last quarter. River Road Asset Management LLC increased its stake in J Alexanders by 5.0% in the 4th quarter. River Road Asset Management LLC now owns 795,425 shares of the company’s stock valued at $7,604,000 after buying an additional 37,740 shares during the last quarter. State Street Corp increased its stake in J Alexanders by 2.1% in the 4th quarter. State Street Corp now owns 242,694 shares of the company’s stock valued at $2,320,000 after buying an additional 5,033 shares during the last quarter. Geode Capital Management LLC increased its stake in J Alexanders by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 152,840 shares of the company’s stock valued at $1,461,000 after buying an additional 8,716 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in J Alexanders by 1.6% in the 4th quarter. Bank of America Corp DE now owns 146,694 shares of the company’s stock valued at $1,402,000 after buying an additional 2,315 shares during the last quarter. Hedge funds and other institutional investors own 65.21% of the company’s stock.

Shares of NYSE:JAX traded down $0.22 during midday trading on Monday, reaching $4.66. 106,464 shares of the company were exchanged, compared to its average volume of 86,518. J Alexanders has a fifty-two week low of $3.03 and a fifty-two week high of $12.01. The company has a quick ratio of 0.48, a current ratio of 0.58 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $7.70 and a two-hundred day simple moving average of $9.61. The firm has a market cap of $73.86 million, a PE ratio of 7.77 and a beta of 0.79.

J Alexanders (NYSE:JAX) last issued its quarterly earnings data on Friday, March 13th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). J Alexanders had a return on equity of 7.09% and a net margin of 3.57%. The company had revenue of $63.44 million for the quarter. As a group, analysts forecast that J Alexanders will post 0.7 earnings per share for the current 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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