News articles about J. Alexander’s Holdings (NYSE:JAX) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. J. Alexander’s Holdings earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.9199828687908 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of J. Alexander’s Holdings (NYSE JAX) remained flat at $9.80 on Wednesday. 2,031 shares of the company were exchanged. J. Alexander’s Holdings has a one year low of $8.35 and a one year high of $11.00. The stock has a 50 day moving average price of $9.75 and a 200 day moving average price of $9.42. The firm has a market capitalization of $144.01 million, a price-to-earnings ratio of 22.27 and a beta of 0.26.
J. Alexander’s Holdings (NYSE:JAX) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $58.22 million for the quarter. J. Alexander’s Holdings had a return on equity of 6.62% and a net margin of 2.88%. On average, equities analysts expect that J. Alexander’s Holdings will post $0.77 earnings per share for the current fiscal year.
J. Alexander’s Holdings announced that its Board of Directors has initiated a stock buyback program on Thursday, August 10th that permits the company to buyback 1,500,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
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About J. Alexander’s Holdings
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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