J Alexanders (JAX) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

J Alexanders (NYSE:JAX) issued its quarterly earnings data on Monday. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04, Morningstar.com reports. J Alexanders had a return on equity of 7.49% and a net margin of 3.50%. The company had revenue of $63.21 million during the quarter. J Alexanders updated its FY 2019 guidance to $0.69-0.76 EPS.

Shares of JAX traded down $0.12 during midday trading on Tuesday, hitting $9.33. 3,353 shares of the stock were exchanged, compared to its average volume of 39,544. J Alexanders has a 52-week low of $7.70 and a 52-week high of $13.40. The firm has a market cap of $138.87 million, a P/E ratio of 17.61 and a beta of 0.68. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.06.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC acquired a new stake in shares of J Alexanders in the fourth quarter valued at $64,000. Meeder Asset Management Inc. raised its stake in shares of J Alexanders by 73.8% in the fourth quarter. Meeder Asset Management Inc. now owns 9,548 shares of the company’s stock valued at $78,000 after acquiring an additional 4,053 shares in the last quarter. Coatue Management LLC acquired a new stake in shares of J Alexanders in the fourth quarter valued at $101,000. Prudential Financial Inc. acquired a new stake in shares of J Alexanders in the fourth quarter valued at $137,000. Finally, Rhumbline Advisers raised its stake in shares of J Alexanders by 42.4% in the fourth quarter. Rhumbline Advisers now owns 18,550 shares of the company’s stock valued at $153,000 after acquiring an additional 5,523 shares in the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.



JAX has been the subject of several research analyst reports. Zacks Investment Research lowered J Alexanders from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. ValuEngine lowered J Alexanders from a “buy” rating to a “hold” rating in a research report on Tuesday, November 13th.

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About J Alexanders

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).

Further Reading: Why investors pay attention to retained earnings

Earnings History for J Alexanders (NYSE:JAX)

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