Zacks: J Alexanders Holdings Inc (NYSE:JAX) Given Consensus Rating of “Strong Buy” by Brokerages

Shares of J Alexanders Holdings Inc (NYSE:JAX) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price objective of $15.00 for the company, according to Zacks. Zacks has also given J Alexanders an industry rank of 73 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research cut J Alexanders from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th.

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its position in shares of J Alexanders by 139.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,038,299 shares of the company’s stock worth $12,169,000 after buying an additional 605,288 shares during the period. Ancora Advisors LLC lifted its holdings in J Alexanders by 13.4% in the fourth quarter. Ancora Advisors LLC now owns 1,093,068 shares of the company’s stock valued at $10,450,000 after buying an additional 129,183 shares during the period. River Road Asset Management LLC boosted its stake in J Alexanders by 5.0% in the fourth quarter. River Road Asset Management LLC now owns 795,425 shares of the company’s stock valued at $7,604,000 after acquiring an additional 37,740 shares during the last quarter. Bailard Inc. bought a new position in J Alexanders in the fourth quarter valued at approximately $160,000. Finally, Mackay Shields LLC boosted its stake in J Alexanders by 20.0% in the fourth quarter. Mackay Shields LLC now owns 96,411 shares of the company’s stock valued at $921,000 after acquiring an additional 16,100 shares during the last quarter. Hedge funds and other institutional investors own 65.61% of the company’s stock.

NYSE:JAX traded down $0.50 during trading hours on Friday, hitting $9.32. 61,100 shares of the stock were exchanged, compared to its average volume of 52,813. The company has a market capitalization of $151.24 million, a P/E ratio of 17.92 and a beta of 0.67. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $9.82 and its two-hundred day moving average is $10.40. J Alexanders has a twelve month low of $8.92 and a twelve month high of $12.01.

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.

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