Shares of J. Alexander’s (NYSE:JAX) hit a new 52-week high and low on Friday . The stock traded as low as $12.70 and last traded at $12.62, with a volume of 22223 shares changing hands. The stock had previously closed at $12.35.
Several analysts have weighed in on JAX shares. Zacks Investment Research raised J. Alexander’s from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Wednesday, March 21st. TheStreet raised J. Alexander’s from a “c” rating to a “b-” rating in a research note on Wednesday, March 14th.
The company has a debt-to-equity ratio of 0.09, a current ratio of 0.62 and a quick ratio of 0.53. The company has a market cap of $181.49, a price-to-earnings ratio of 23.30 and a beta of -0.14.
Several institutional investors and hedge funds have recently bought and sold shares of JAX. State Street Corp raised its stake in shares of J. Alexander’s by 2.9% in the 2nd quarter. State Street Corp now owns 234,775 shares of the company’s stock worth $2,871,000 after buying an additional 6,623 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of J. Alexander’s by 375.5% in the 3rd quarter. Nationwide Fund Advisors now owns 57,998 shares of the company’s stock worth $673,000 after buying an additional 45,800 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of J. Alexander’s in the 3rd quarter worth $107,000. Wells Fargo & Company MN raised its stake in shares of J. Alexander’s by 68.4% in the 3rd quarter. Wells Fargo & Company MN now owns 13,734 shares of the company’s stock worth $160,000 after buying an additional 5,580 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of J. Alexander’s by 21.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 273,923 shares of the company’s stock worth $3,178,000 after buying an additional 48,929 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “J. Alexander’s (JAX) Hits New 52-Week High and Low at $12.70” was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://weekherald.com/2018/04/22/j-alexanders-jax-hits-new-52-week-high-and-low-at-12-70.html.
About J. Alexander’s
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).
Receive News & Ratings for J. Alexander's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J. Alexander's and related companies with MarketBeat.com's FREE daily email newsletter.