J Alexanders Holdings Inc (NYSE:JAX) Given $15.00 Consensus Target Price by Analysts

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

Brokerages have set a 12-month consensus target price of $15.00 for the company, according to Zacks. Zacks has also assigned J Alexanders an industry rank of 89 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded J Alexanders from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th.

JAX stock traded up $0.02 during trading on Wednesday, hitting $10.30. 1,579 shares of the stock traded hands, compared to its average volume of 37,900. J Alexanders has a 1 year low of $7.70 and a 1 year high of $13.40. The company has a market capitalization of $151.07 million, a price-to-earnings ratio of 17.17 and a beta of 0.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.48.

J Alexanders (NYSE:JAX) last posted its earnings results on Wednesday, May 1st. The company reported $0.26 earnings per share for the quarter. The firm had revenue of $64.73 million during the quarter. J Alexanders had a net margin of 2.55% and a return on equity of 8.53%. As a group, research analysts predict that J Alexanders will post 0.7 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Man Group plc lifted its holdings in J Alexanders by 0.5% in the first quarter. Man Group plc now owns 183,688 shares of the company’s stock valued at $1,804,000 after acquiring an additional 966 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of J Alexanders by 3.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,091 shares of the company’s stock worth $286,000 after buying an additional 997 shares during the period. Northern Trust Corp raised its stake in shares of J Alexanders by 0.7% during the 1st quarter. Northern Trust Corp now owns 147,328 shares of the company’s stock worth $1,447,000 after buying an additional 1,080 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of J Alexanders by 9.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 18,115 shares of the company’s stock worth $178,000 after buying an additional 1,571 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of J Alexanders by 8.8% during the 1st quarter. Wells Fargo & Company MN now owns 22,311 shares of the company’s stock worth $219,000 after buying an additional 1,812 shares during the period. Hedge funds and other institutional investors own 74.09% of the company’s stock.

About J Alexanders

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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