Northland Capital Partners Downgrades Jamba to Market Perform (JMBA)
Jamba (NASDAQ:JMBA) was downgraded by analysts at Northland Capital Partners from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $12.00 price objective on the stock, down from their previous price objective of $17.00. Northland Capital Partners’ target price indicates a potential downside of 10.91% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Finally, analysts at B. Riley raised their price target on shares of Jamba from $18.00 to $19.75 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $9.81.
Shares of Jamba (NASDAQ:JMBA) opened at 13.47 on Tuesday. 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 $229.7 million and a price-to-earnings ratio of 748.33.
Jamba (NASDAQ:JMBA) last announced its earnings results on Monday, August 5th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis.
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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