Jamba Price Target Lowered to $16.50 at B. Riley (JMBA)
Equities researchers at B. Riley decreased their price target on shares of Jamba (NASDAQ:JMBA) from $19.75 to $16.50 in a research report issued on Tuesday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective would suggest a potential upside of 50.82% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Dougherty & Co downgraded shares of Jamba from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Northland Capital Partners downgraded shares of Jamba from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. They now have a $12.00 price target on the stock, down previously from $17.00. Finally, analysts at Northland Securities downgraded shares of Jamba from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. They now have a $12.00 price target on the stock, down previously from $17.00. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Jamba has a consensus rating of “Buy” and a consensus target price of $14.10.
Shares of Jamba (NASDAQ:JMBA) traded down 18.78% on Tuesday, hitting $10.94. The stock had a trading volume of 2,770,294 shares. Jamba has a 1-year low of $9.05 and a 1-year high of $17.50. The stock’s 50-day moving average is $13.20 and its 200-day moving average is $14.36. The company has a market cap of $186.6 million and a P/E ratio of 748.33.
Jamba (NASDAQ:JMBA) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $67.30 million for the quarter, compared to the consensus estimate of $70.41 million. During the same quarter last year, the company posted $0.05 earnings per share. Jamba’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Jamba will post $0.36 EPS for the current fiscal year.
Operates as a retailer of juices, smoothies and health foods. The Company, through its subsidiary, Jamba Juice Company, offers healthy blended beverages, juices and healthy snacks.
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