J. Alexander’s (NYSE:JAX) Raised to B- at TheStreet

J. Alexander’s (NYSE:JAX) was upgraded by TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Wednesday, March 14th.

Separately, Zacks Investment Research raised J. Alexander’s from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th.

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JAX stock opened at $11.40 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.53 and a debt-to-equity ratio of 0.09. The firm has a market cap of $167.52, a price-to-earnings ratio of 21.51 and a beta of -0.14. J. Alexander’s has a fifty-two week low of $8.70 and a fifty-two week high of $12.30.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in JAX. Marathon Partners Equity Management LLC grew its holdings in shares of J. Alexander’s by 12.0% during the 3rd quarter. Marathon Partners Equity Management LLC now owns 930,000 shares of the company’s stock worth $10,788,000 after purchasing an additional 100,000 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of J. Alexander’s by 14.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 644,964 shares of the company’s stock worth $7,480,000 after purchasing an additional 80,699 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of J. Alexander’s by 21.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 273,923 shares of the company’s stock worth $3,178,000 after purchasing an additional 48,929 shares in the last quarter. Nationwide Fund Advisors grew its holdings in shares of J. Alexander’s by 375.5% during the 3rd quarter. Nationwide Fund Advisors now owns 57,998 shares of the company’s stock worth $673,000 after purchasing an additional 45,800 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of J. Alexander’s during the 4th quarter worth $390,000. 70.86% of the stock is currently owned by institutional investors.

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J. Alexander’s Company Profile

J. Alexander’s Holdings, Inc, through its subsidiaries, owns and operates three complementary dining restaurant concepts: J. Alexander’s, Redlands Grill and Stoney River Steakhouse and Grill (Stoney River). The Company is engaged in providing contemporary American cuisines. J. Alexander’s is an upscale dining restaurant offering a contemporary American menu.

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