Shares of J Alexanders Holdings Inc (NYSE:JAX) have received an average 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 rating.

Brokerages have set a one year consensus price objective of $15.00 for the company, according to Zacks. Zacks has also given J Alexanders an industry rank of 145 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised J Alexanders from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Friday, April 5th.

A number of institutional investors and hedge funds have recently modified their holdings of JAX. BlackRock Inc. boosted its stake in J Alexanders by 20.3% in the third quarter. BlackRock Inc. now owns 1,121,120 shares of the company’s stock worth $13,341,000 after buying an additional 188,946 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in J Alexanders by 12.2% in the third quarter. Dimensional Fund Advisors LP now owns 527,024 shares of the company’s stock valued at $6,272,000 after purchasing an additional 57,216 shares during the last quarter. Renaissance Technologies LLC lifted its position in J Alexanders by 11.2% in the third quarter. Renaissance Technologies LLC now owns 278,200 shares of the company’s stock valued at $3,311,000 after purchasing an additional 28,000 shares during the last quarter. Meeder Asset Management Inc. lifted its position in J Alexanders by 73.8% in the fourth quarter. Meeder Asset Management Inc. now owns 9,548 shares of the company’s stock valued at $78,000 after purchasing an additional 4,053 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in J Alexanders by 42.4% in the fourth quarter. Rhumbline Advisers now owns 18,550 shares of the company’s stock valued at $153,000 after purchasing an additional 5,523 shares during the last quarter. 73.01% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE JAX traded up $0.16 during midday trading on Tuesday, hitting $10.75. 890 shares of the company’s stock were exchanged, compared to its average volume of 53,929. J Alexanders has a 12-month low of $7.70 and a 12-month high of $13.40. The company has a current ratio of 0.48, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $154.15 million, a price-to-earnings ratio of 18.12 and a beta of 0.77.

J Alexanders (NYSE:JAX) last issued its earnings results on Wednesday, May 1st. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $64.73 million during the quarter. J Alexanders had a return on equity of 8.53% and a net margin of 2.55%. On average, analysts predict that J Alexanders will post 0.69 earnings per share for the current 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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