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J. Alexander’s goes public

J. Alexander’s Holdings has gone public after completing a spin-off from Fidelity National Financial, the Nashville-based restaurant company announced Tuesday.

Fidelity had bought the company, which was then publicly traded, in 2012.

J. Alexander’s Holdings, which operates three restaurant brands across 14 states, said it is undergoing an effort to convert 12 J. Alexander’s units under the Redlands Grill concept. The Redlands Grill brand, which was introduced in early 2015, features a modern American menu centered around sushi, steak and flatbreads.

“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,” CEO Lonnie Stout said in a statement. “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.”

Shares of the company are being traded on the New York Stock Exchange under the symbol JAX.  

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