Jamba Given Average Rating of “Buy” by Brokerages (NASDAQ:JMBA)
Jamba (NASDAQ:JMBA) has earned a consensus recommendation of “Buy” from the ten analysts that are covering the stock, AnalystRatingsNetwork reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.28.
Jamba (NASDAQ:JMBA) opened at 14.18 on Thursday. Jamba has a 52-week low of $9.58 and a 52-week high of $14.41. The stock’s 50-day moving average is $12.20 and its 200-day moving average is $11.87. The company has a market cap of $244.0 million and a price-to-earnings ratio of 78.44.
Jamba (NASDAQ:JMBA) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.07. The company had revenue of $64.20 million for the quarter, compared to the consensus estimate of $64.43 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. On average, analysts predict that Jamba will post $0.42 earnings per share for the current fiscal year.
In other Jamba news, CEO James D. White unloaded 4,998 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $13.23, for a total value of $66,123.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Jamba from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $14.20 price target on the stock. Analysts at Craig Hallum initiated coverage on shares of Jamba in a research note on Tuesday, June 17th. They set a “buy” rating and a $18.00 price target on the stock.
Jamba, Inc (NASDAQ:JMBA) owns and franchises Jamba Juice stores through its wholly owned subsidiary, Jamba Juice Company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.