J Alexanders Holdings Inc (NYSE:JAX) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 97,400 shares, a drop of 17.9% from the June 30th total of 118,700 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 35,200 shares, the days-to-cover ratio is currently 2.8 days.

Shares of NYSE:JAX traded up $0.04 during mid-day trading on Thursday, reaching $11.38. 74,000 shares of the stock were exchanged, compared to its average volume of 45,825. The company has a quick ratio of 0.39, a current ratio of 0.48 and a debt-to-equity ratio of 0.67. The company has a market cap of $165.17 million, a P/E ratio of 18.97 and a beta of 0.77. J Alexanders has a one year low of $7.70 and a one year high of $13.40. The stock’s 50 day simple moving average is $10.95 and its 200-day simple moving average is $10.39.

J Alexanders (NYSE:JAX) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). The firm had revenue of $62.23 million for the quarter. J Alexanders had a return on equity of 8.50% and a net margin of 2.56%. Analysts anticipate that J Alexanders will post 0.7 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its holdings in shares of J Alexanders by 580.8% during the first quarter. BNP Paribas Arbitrage SA now owns 2,723 shares of the company’s stock worth $27,000 after buying an additional 2,323 shares in the last quarter. Marshall Wace LLP grew 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 worth $92,000 after buying an additional 8,896 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in J Alexanders in the second quarter valued at approximately $113,000. Raymond James Trust N.A. bought a new position in J Alexanders in the first quarter valued at approximately $114,000. Finally, Oppenheimer Asset Management Inc. grew its stake in J Alexanders by 9.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 18,115 shares of the company’s stock valued at $178,000 after purchasing an additional 1,571 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Separately, Zacks Investment Research downgraded J Alexanders from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th.

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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