J Alexanders (JAX) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

J Alexanders (NYSE:JAX) posted its quarterly earnings data on Wednesday. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.03), Morningstar.com reports. The company had revenue of $56.73 million for the quarter. J Alexanders had a net margin of 3.43% and a return on equity of 7.50%.

NYSE:JAX traded down $0.02 during trading hours on Friday, reaching $10.28. The company’s stock had a trading volume of 635 shares, compared to its average volume of 104,317. The stock has a market cap of $168.41 million, a PE ratio of 19.39 and a beta of 0.28. J Alexanders has a 1 year low of $8.70 and a 1 year high of $13.40. The company has a quick ratio of 0.46, a current ratio of 0.56 and a debt-to-equity ratio of 0.07.

A number of brokerages recently commented on JAX. Zacks Investment Research upgraded shares of J Alexanders from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, September 7th. ValuEngine upgraded shares of J Alexanders from a “hold” rating to a “buy” rating in a research report on Tuesday.

Large investors have recently modified their holdings of the stock. Spark Investment Management LLC purchased a new position in J Alexanders in the 2nd quarter worth $182,000. Millennium Management LLC increased its position in shares of J Alexanders by 105.9% in the first quarter. Millennium Management LLC now owns 82,687 shares of the company’s stock valued at $947,000 after acquiring an additional 42,520 shares during the period. ClariVest Asset Management LLC increased its position 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 acquiring an additional 8,412 shares during the period. Acadian Asset Management LLC increased its position in shares of J Alexanders by 203.9% in the second quarter. Acadian Asset Management LLC now owns 98,659 shares of the company’s stock valued at $1,098,000 after acquiring an additional 66,197 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of J Alexanders by 19.9% in the second quarter. Dimensional Fund Advisors LP now owns 469,808 shares of the company’s stock valued at $5,239,000 after acquiring an additional 77,951 shares during the period. Institutional investors own 69.75% of the company’s stock.

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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: Hedge Funds Explained

Earnings History for J Alexanders (NYSE:JAX)

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