J. Alexander’s (JAX) Reaches New 1-Year High and Low at $12.70

J. Alexander’s (NYSE:JAX)’s share price hit a new 52-week high and low during trading on Friday . The stock traded as low as $12.70 and last traded at $12.62, with a volume of 22223 shares trading hands. The stock had previously closed at $12.35.

Several equities analysts have commented on JAX shares. Zacks Investment Research upgraded J. Alexander’s from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday, March 21st. TheStreet upgraded J. Alexander’s from a “c” rating to a “b-” rating in a report on Wednesday, March 14th.

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The company has a debt-to-equity ratio of 0.09, a current ratio of 0.62 and a quick ratio of 0.53. The firm has a market cap of $177.08, a P/E ratio of 22.74 and a beta of -0.14.

J. Alexander’s (NYSE:JAX) last announced its quarterly earnings results on Wednesday, March 7th. The company reported $0.37 EPS for the quarter. J. Alexander’s had a return on equity of 7.10% and a net margin of 3.14%. The company had revenue of $61.34 million for the quarter. equities research analysts expect that J. Alexander’s will post 0.56 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. boosted its position in shares of J. Alexander’s by 114.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 26,000 shares of the company’s stock valued at $301,000 after acquiring an additional 13,900 shares during the period. River Road Asset Management LLC boosted its position in shares of J. Alexander’s by 2.5% in the fourth quarter. River Road Asset Management LLC now owns 1,048,263 shares of the company’s stock valued at $10,168,000 after acquiring an additional 25,920 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of J. Alexander’s by 21.7% in the third quarter. Dimensional Fund Advisors LP now owns 273,923 shares of the company’s stock valued at $3,178,000 after acquiring an additional 48,929 shares during the period. Ranger Investment Management L.P. boosted its position in shares of J. Alexander’s by 6.9% in the fourth quarter. Ranger Investment Management L.P. now owns 248,271 shares of the company’s stock valued at $2,408,000 after acquiring an additional 15,920 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of J. Alexander’s in the fourth quarter valued at approximately $279,000. 70.86% of the stock is owned by institutional investors.

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About J. Alexander’s

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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