Brokerages Set $15.00 Target Price for J. Alexander’s (JAX)

Shares of J. Alexander’s (NYSE:JAX) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price objective of $15.00 for the company, according to Zacks. Zacks has also assigned J. Alexander’s an industry rank of 161 out of 255 based on the ratings given to related companies.

JAX has been the topic of several recent research reports. Zacks Investment Research raised J. Alexander’s from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Friday, April 13th. TheStreet raised J. Alexander’s from a “c” rating to a “b-” rating in a research note on Wednesday, March 14th.

Shares of NYSE JAX traded down $0.20 during trading on Friday, hitting $11.90. The company had a trading volume of 15,000 shares, compared to its average volume of 53,043. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 0.08. J. Alexander’s has a 12 month low of $8.70 and a 12 month high of $12.80. The company has a market capitalization of $178.55 million, a P/E ratio of 22.55 and a beta of -0.16.

J. Alexander’s (NYSE:JAX) last posted its quarterly earnings data on Friday, May 4th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). J. Alexander’s had a return on equity of 5.97% and a net margin of 2.65%. The company had revenue of $61.91 million during the quarter. research analysts anticipate that J. Alexander’s will post 0.56 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC raised its stake in J. Alexander’s by 56.9% during the 1st quarter. Ancora Advisors LLC now owns 1,118,879 shares of the company’s stock valued at $12,811,000 after purchasing an additional 405,746 shares during the period. River Road Asset Management LLC raised its stake in J. Alexander’s by 2.5% during the 4th quarter. River Road Asset Management LLC now owns 1,048,263 shares of the company’s stock valued at $10,168,000 after purchasing an additional 25,920 shares during the period. Russell Investments Group Ltd. raised its stake in J. Alexander’s by 7.4% during the 1st quarter. Russell Investments Group Ltd. now owns 862,907 shares of the company’s stock valued at $9,880,000 after purchasing an additional 59,415 shares during the period. Dimensional Fund Advisors LP raised its stake in J. Alexander’s by 28.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 391,857 shares of the company’s stock valued at $4,487,000 after purchasing an additional 87,249 shares during the period. Finally, Ranger Investment Management L.P. raised its stake in J. Alexander’s by 6.9% during the 4th quarter. Ranger Investment Management L.P. now owns 248,271 shares of the company’s stock valued at $2,408,000 after purchasing an additional 15,920 shares during the period. 72.01% of the stock is currently owned by institutional investors.

J. Alexander’s Company Profile

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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