J Alexanders (JAX) Stock Rating Upgraded by Zacks Investment Research

J Alexanders (NYSE:JAX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “J. Alexanders Holdings, Inc. owns and operates dining restaurants primarily in the United States. Its operating segments consists of J. Alexander’s, Redlands Grill and Stoney River Steakhouse and Grill. J. Alexander’s restaurant offer seafood czarina, Tuscan steak, grilled fish with mango papaya salsa and chicken Milanese. Redlands Grill offers a sushi program, a coffee-cured rib eye and made-from-scratch flatbreads. Stoney River offers fresh seafood selections, salads and house specialties. J. Alexanders Holdings, Inc. is based in Nashville, TN. “

J Alexanders (JAX) opened at $9.95 on Tuesday. The company has a market capitalization of $146.95 and a price-to-earnings ratio of 28.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.56 and a quick ratio of 0.46. J Alexanders has a 12-month low of $9.00 and a 12-month high of $12.30.

Several large investors have recently bought and sold shares of JAX. SG Americas Securities LLC boosted its position in shares of J Alexanders by 1.0% in the 2nd quarter. SG Americas Securities LLC now owns 44,510 shares of the company’s stock worth $545,000 after purchasing an additional 425 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of J Alexanders by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,734 shares of the company’s stock worth $866,000 after purchasing an additional 622 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of J Alexanders by 148.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,765 shares of the company’s stock worth $107,000 after purchasing an additional 5,235 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of J Alexanders by 94.1% in the 2nd quarter. Martingale Asset Management L P now owns 85,428 shares of the company’s stock worth $1,047,000 after purchasing an additional 41,422 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of J Alexanders by 21.0% in the 2nd quarter. Nationwide Fund Advisors now owns 12,198 shares of the company’s stock worth $149,000 after purchasing an additional 2,116 shares during the last quarter. Institutional investors and hedge funds own 70.87% of the company’s stock.

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About J Alexanders

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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