ValuEngine upgraded shares of J Alexanders (NYSE:JAX) from a hold rating to a buy rating in a research note released on Tuesday morning.

Separately, Zacks Investment Research raised shares of J Alexanders from a hold rating to a buy rating and set a $14.00 price target on the stock in a report on Friday, September 7th.

J Alexanders stock opened at $9.80 on Tuesday. The stock has a market capitalization of $165.32 million, a price-to-earnings ratio of 18.49 and a beta of 0.28. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 0.07. J Alexanders has a twelve month low of $8.70 and a twelve month high of $13.40.

J Alexanders (NYSE:JAX) last released its quarterly earnings results on Wednesday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03). The company had revenue of $56.73 million during the quarter. J Alexanders had a net margin of 3.50% and a return on equity of 7.55%. As a group, equities analysts forecast that J Alexanders will post 0.5 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in JAX. Dimensional Fund Advisors LP increased its holdings in shares of J Alexanders by 28.6% during the first quarter. Dimensional Fund Advisors LP now owns 391,857 shares of the company’s stock worth $4,487,000 after purchasing an additional 87,249 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of J Alexanders by 252.7% during the first quarter. The Manufacturers Life Insurance Company now owns 11,647 shares of the company’s stock worth $133,000 after purchasing an additional 8,345 shares during the period. Millennium Management LLC increased its holdings in shares of J Alexanders by 105.9% during the first quarter. Millennium Management LLC now owns 82,687 shares of the company’s stock worth $947,000 after purchasing an additional 42,520 shares during the period. Acadian Asset Management LLC increased its holdings in shares of J Alexanders by 203.9% during the second quarter. Acadian Asset Management LLC now owns 98,659 shares of the company’s stock worth $1,098,000 after purchasing an additional 66,197 shares during the period. Finally, Algert Global LLC increased its holdings in shares of J Alexanders by 73.8% during the second quarter. Algert Global LLC now owns 154,266 shares of the company’s stock worth $1,720,000 after purchasing an additional 65,490 shares during the period. 69.75% of the stock is currently owned by institutional investors.

About J Alexanders

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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