J. Alexander’s Holdings, Inc. (NYSE:JAX) released its quarterly earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, Morningstar.com reports. The company had revenue of $58.22 million during the quarter. J. Alexander’s Holdings had a return on equity of 7.66% and a net margin of 3.34%.
J. Alexander’s Holdings (NYSE JAX) traded down 0.52% during trading on Friday, reaching $9.50. The company’s stock had a trading volume of 17,597 shares. J. Alexander’s Holdings has a 52 week low of $8.35 and a 52 week high of $12.30. The firm has a 50-day moving average price of $10.95 and a 200-day moving average price of $10.51. The firm has a market capitalization of $139.60 million, a P/E ratio of 19.04 and a beta of 0.22.
J. Alexander’s Holdings declared that its board has authorized a stock repurchase program on Thursday, August 10th that authorizes the company to buyback 1,500,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board 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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