Zacks: Brokerages Set $15.00 Target Price for J Alexanders Holdings Inc (NYSE:JAX)

Shares of J Alexanders Holdings Inc (NYSE:JAX) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price objective of $15.00 for the company, according to Zacks. Zacks has also assigned J Alexanders an industry rank of 147 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of J Alexanders from a “sell” rating to a “hold” rating in a report on Friday, October 4th.

Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its holdings in shares of J Alexanders by 580.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,723 shares of the company’s stock valued at $27,000 after acquiring an additional 2,323 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of J Alexanders by 1,999.1% during the 1st quarter. Marshall Wace LLP now owns 9,341 shares of the company’s stock valued at $92,000 after acquiring an additional 8,896 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in J Alexanders in the 2nd quarter worth $113,000. Raymond James Trust N.A. lifted its holdings in J Alexanders by 8.6% in the 2nd quarter. Raymond James Trust N.A. now owns 12,610 shares of the company’s stock worth $141,000 after buying an additional 1,000 shares in the last quarter. Finally, Barings LLC lifted its holdings in J Alexanders by 26.1% in the 2nd quarter. Barings LLC now owns 14,500 shares of the company’s stock worth $163,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 70.06% of the company’s stock.

Shares of NYSE JAX opened at $10.31 on Monday. J Alexanders has a 52-week low of $7.70 and a 52-week high of $12.01. The firm has a fifty day moving average of $11.54 and a 200-day moving average of $10.97. The stock has a market capitalization of $157.68 million, a PE ratio of 17.18 and a beta of 0.71. The company has a quick ratio of 0.46, a current ratio of 0.55 and a debt-to-equity ratio of 0.64.

J Alexanders (NYSE:JAX) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). The company had revenue of $62.23 million for the quarter. J Alexanders had a net margin of 2.56% and a return on equity of 8.42%. Equities research analysts expect that J Alexanders will post 0.6 EPS for the current fiscal year.

J Alexanders Company Profile

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.

See Also: Price to Earnings Ratio (PE) Basics

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