Somewhat Favorable Press Coverage Somewhat Unlikely to Affect J. Alexander’s Holdings (JAX) Share Price
News headlines about J. Alexander’s Holdings (NYSE:JAX) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. J. Alexander’s Holdings earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.5618842180081 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of J. Alexander’s Holdings (NYSE:JAX) traded up 0.51% on Thursday, hitting $9.95. 343 shares of the stock traded hands. J. Alexander’s Holdings has a 12-month low of $8.35 and a 12-month high of $12.30. The stock has a 50-day moving average price of $10.01 and a 200 day moving average price of $10.52. The stock has a market cap of $146.22 million, a price-to-earnings ratio of 22.61 and a beta of 0.26.
J. Alexander’s Holdings (NYSE:JAX) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.02 earnings per share (EPS) for the quarter. J. Alexander’s Holdings had a return on equity of 6.62% and a net margin of 2.88%. The business had revenue of $58.22 million during the quarter. On average, analysts anticipate that J. Alexander’s Holdings will post $0.77 earnings per share for the current fiscal year.
J. Alexander’s Holdings declared that its board has initiated a share buyback plan on Thursday, August 10th that allows the company to repurchase 1,500,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is 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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