J Alexanders (JAX) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of J Alexanders (NYSE:JAX) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

According to Zacks, “J. Alexanders Holdings, Inc. owns and operates dining restaurants primarily in the United States. Its operating segments consists of J. Alexander’s, Redlands Grill and Stoney River Steakhouse and Grill. J. Alexander’s restaurant offer seafood czarina, Tuscan steak, grilled fish with mango papaya salsa and chicken Milanese. Redlands Grill offers a sushi program, a coffee-cured rib eye and made-from-scratch flatbreads. Stoney River offers fresh seafood selections, salads and house specialties. J. Alexanders Holdings, Inc. is based in Nashville, TN. “

Separately, ValuEngine upgraded J Alexanders from a hold rating to a buy rating in a research note on Tuesday, November 6th.

JAX stock opened at $8.94 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.06. J Alexanders has a 1 year low of $8.67 and a 1 year high of $13.40. The stock has a market capitalization of $129.61 million, a PE ratio of 16.87 and a beta of 0.27.

J Alexanders (NYSE:JAX) last posted its earnings results on Wednesday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). J Alexanders had a net margin of 3.50% and a return on equity of 7.49%. The company had revenue of $56.73 million during the quarter. Equities analysts predict that J Alexanders will post 0.46 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Spark Investment Management LLC acquired a new stake in shares of J Alexanders in the second quarter valued at about $182,000. Wedge Capital Management L L P NC grew its stake in shares of J Alexanders by 11.8% in the third quarter. Wedge Capital Management L L P NC now owns 65,965 shares of the company’s stock valued at $785,000 after buying an additional 6,965 shares in the last quarter. ClariVest Asset Management LLC grew its stake in shares of J Alexanders by 46.9% in the second quarter. ClariVest Asset Management LLC now owns 26,347 shares of the company’s stock valued at $294,000 after buying an additional 8,412 shares in the last quarter. Ancora Advisors LLC grew its stake in shares of J Alexanders by 33.4% in the third quarter. Ancora Advisors LLC now owns 1,274,775 shares of the company’s stock valued at $15,170,000 after buying an additional 319,174 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of J Alexanders by 12.1% in the second quarter. Raymond James & Associates now owns 159,945 shares of the company’s stock valued at $1,783,000 after buying an additional 17,204 shares in the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.

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).

Further Reading: Earnings Reports

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