J Alexanders (NYSE:JAX) Announces Quarterly Earnings Results

J Alexanders (NYSE:JAX) released its quarterly earnings data on Friday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02), Morningstar.com reports. J Alexanders had a return on equity of 8.53% and a net margin of 2.55%. The company had revenue of $62.23 million for the quarter. J Alexanders updated its FY 2019 guidance to $0.66-0.73 EPS.

Shares of NYSE:JAX traded up $0.14 during midday trading on Friday, reaching $10.75. The company’s stock had a trading volume of 74,160 shares, compared to its average volume of 31,074. J Alexanders has a fifty-two week low of $7.70 and a fifty-two week high of $13.40. The company has a market capitalization of $153.71 million, a P/E ratio of 17.92 and a beta of 0.77. The company has a quick ratio of 0.39, a current ratio of 0.48 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $10.90.

Several large investors have recently made changes to their positions in JAX. BlackRock Inc. boosted its holdings in J Alexanders by 24.1% in the 4th quarter. BlackRock Inc. now owns 1,390,914 shares of the company’s stock valued at $11,449,000 after purchasing an additional 269,794 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of J Alexanders by 25.8% in the 4th quarter. Bank of New York Mellon Corp now owns 85,383 shares of the company’s stock worth $702,000 after acquiring an additional 17,499 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of J Alexanders by 4.5% in the 4th quarter. Northern Trust Corp now owns 146,248 shares of the company’s stock worth $1,204,000 after acquiring an additional 6,318 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of J Alexanders by 14.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 602,277 shares of the company’s stock worth $4,957,000 after acquiring an additional 75,253 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of J Alexanders by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 124,875 shares of the company’s stock worth $1,027,000 after acquiring an additional 6,059 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Separately, Zacks Investment Research lowered J Alexanders from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.

Featured Article: Understanding the two types of arbitrage

Earnings History for J Alexanders (NYSE:JAX)

Receive News & Ratings for J Alexanders Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Alexanders and related companies with MarketBeat.com's FREE daily email newsletter.