Jamba Inc. (JMBA) Downgraded to “Sell” at Zacks Investment Research
Jamba Inc. (NASDAQ:JMBA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
According to Zacks, “Jamba, Inc., through its subsidiary, Jamba Juice Company, offers blended beverages, juices, fruit smoothies, and snacks primarily in the United States. The company was founded in 1990. It was formerly known as Services Acquisition Corp. International and changed its name to Jamba, Inc. in November 2006. The company is headquartered in San Francisco, California “
Several other equities analysts have also issued reports on the company. TheStreet lowered Jamba from a “hold” rating to a “sell” rating in a research report on Friday, August 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $16.00 price target (up previously from $15.00) on shares of Jamba in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Jamba has an average rating of “Hold” and an average price target of $16.00.
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Shares of Jamba (NASDAQ:JMBA) opened at 10.79 on Tuesday. The firm’s 50-day moving average is $10.80 and its 200 day moving average is $11.28. The stock’s market capitalization is $164.59 million. Jamba has a 12-month low of $9.94 and a 12-month high of $14.84.
Jamba (NASDAQ:JMBA) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.19 by $0.10. The firm had revenue of $21.50 million for the quarter, compared to analysts’ expectations of $22.65 million. Jamba had a negative net margin of 0.48% and a negative return on equity of 11.23%. The business’s quarterly revenue was down 60.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. On average, equities research analysts forecast that Jamba will post ($0.09) EPS for the current fiscal year.
In other Jamba news, Director Glenn W. Welling acquired 250,000 shares of Jamba stock in a transaction that occurred on Wednesday, August 10th. The stock was bought at an average cost of $10.96 per share, for a total transaction of $2,740,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Pace acquired 7,500 shares of Jamba stock in a transaction that occurred on Friday, August 19th. The stock was acquired at an average price of $11.47 per share, with a total value of $86,025.00. The disclosure for this purchase can be found here. 15.85% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Jamba by 0.5% in the first quarter. Geode Capital Management LLC now owns 101,228 shares of the company’s stock valued at $1,251,000 after buying an additional 530 shares during the last quarter. Wellington Management Group LLP increased its stake in Jamba by 32.2% in the first quarter. Wellington Management Group LLP now owns 1,805,870 shares of the company’s stock valued at $22,321,000 after buying an additional 440,025 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Jamba during the first quarter valued at approximately $129,000. Barclays PLC acquired a new stake in Jamba during the first quarter valued at approximately $327,000. Finally, Bank of New York Mellon Corp increased its stake in Jamba by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 141,944 shares of the company’s stock valued at $1,460,000 after buying an additional 996 shares during the last quarter. Institutional investors own 96.41% of the company’s stock.
Jamba, Inc is a restaurant retailer of specialty food and beverage offerings. The Company operates through retail segment. The Company’s offerings include whole fruit smoothies, squeezed juices and juice blends, Energy Bowls, and a range of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads, baked goods and snacks.
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