Restaurant Company Begins Trading On NYSE Under Symbol JAX
J. Alexander’s Holdings, Inc. (NYSE: JAX), owner and operator of
three complementary upscale dining restaurant concepts, announced today
the successful completion of its spin-off from Fidelity National
Financial (FNF) into an independent publicly-traded company. Effective
today, shares of J. Alexander’s Holdings, Inc. common stock have begun
trading “regular way” on The New York Stock Exchange under the ticker
symbol “JAX.”
“For more than 20 years, the J. Alexander’s team has provided its guests
quality dining with a contemporary American menu and high levels of
customer service in restaurants with an attractive ambiance,” said
Lonnie J. Stout II, Chairman, President and Chief Executive Officer of
J. Alexander’s Holdings, Inc. “Our business plan has evolved to include
a collection of restaurant concepts – J. Alexander’s, Stoney River
Steakhouse and Grill, and Redlands Grill. With these concepts, we are
well-positioned to continue to scale and grow our overall restaurant
business in an efficient manner in urban and affluent suburban areas.”
J. Alexander’s Holdings, Inc., which presently has 41 restaurants across
14 states, recently signed leases to develop two new J. Alexander’s
restaurants, one in Lexington, KY and one in Raleigh, NC, and a new
Stoney River Steakhouse and Grill in Germantown, TN near Memphis. Stout
said the Company also has begun to transition 12 J. Alexander’s to
Redlands Grill restaurants, a third concept in the award-winning,
upscale collection owned and operated by J. Alexander’s Holdings, Inc.
“We are excited with the opportunities these restaurants bring to J.
Alexander’s Holdings,” Stout continued. “We want each of our restaurants
to be perceived by our guests as a locally-managed, stand-alone dining
experience. This differentiation permits us to successfully operate each
of our concepts in the same geographic market.
“With the successful completion of this spin-off transaction, we believe
that we can more effectively execute on our strategic plans for organic
growth. We are confident about the new opportunities ahead in the next
chapter of our journey,” Stout added.
About J. Alexander’s Holdings, Inc.
J. Alexander’s Holdings, Inc. owns and operates three complementary
restaurant concepts: J. Alexander’s, Redlands Grill and Stoney River
Steakhouse and Grill. J. Alexander’s, founded in 1991, offers guests a
quality upscale dining experience focusing on made-from-scratch menu
items and featuring prime rib of beef, hardwood-grilled steaks, seafood
and chicken, pasta, salads, soups and assorted sandwiches, appetizers
and desserts. Redlands Grill, introduced in the first quarter of 2015,
offers a high quality sushi program, a signature coffee-cured ribeye,
and made-from-scratch flatbreads. Stoney River, founded in 1996,
features an emphasis on a high quality steakhouse menu, but also
includes house specialties ranging from pasta and chicken to shrimp and
salmon. All three concepts offer signature cocktails and broad wine
lists.
J. Alexander’s Holdings, Inc. has its headquarters in Nashville, TN.
Forward-Looking Statements
This press release, issued by J. Alexander’s Holdings, Inc. (the
Company), contains forward‐looking statements, which include all
statements that do not relate solely to historical or current facts,
including statements regarding our expectations, intentions or
strategies regarding the future. These forward‐looking statements are
based on management's beliefs, as well as assumptions made by, and
information currently available to, management. Because such statements
are based on expectations as to future financial and operating results
and are not statements of fact, actual results may differ materially
from those projected and are subject to a number of known and unknown
risks and uncertainties, including the Company’s ability to maintain
satisfactory guest count levels and maintain or increase sales and
operating margins in its restaurants under varying economic conditions;
the effect of higher commodity prices, unemployment and other economic
factors on consumer demand; increases in food input costs or product
shortages and the Company’s response to them; the number and timing of
new restaurant openings and the Company’s ability to operate them
profitably; competition within the casual dining industry; as well as
other risks and uncertainties described under the headings
"Forward-Looking Statements," "Risk Factors" and other sections of the
Company’s Registration Statement on Form 10 filed with the Securities
and Exchange Commission. The Company undertakes no obligation to update
any forward-looking statements, whether as a result of new information,
future events or otherwise.
