Jamba Inc. (JMBA) Rating Increased to Hold at Zacks Investment Research
Jamba Inc. (NASDAQ:JMBA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.
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 “
Other analysts have also issued research reports about the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $16.00 target price (up previously from $15.00) on shares of Jamba in a report on Friday, August 5th. TheStreet lowered Jamba from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.
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Jamba (NASDAQ:JMBA) traded down 1.03% during midday trading on Monday, hitting $10.61. The stock had a trading volume of 46,012 shares. The stock has a 50-day moving average of $10.70 and a 200-day moving average of $11.23. Jamba has a 52 week low of $9.94 and a 52 week high of $14.65. The firm’s market cap is $161.84 million.
Jamba (NASDAQ:JMBA) last released its earnings results on Thursday, August 4th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.10. Jamba had a negative return on equity of 11.23% and a negative net margin of 0.48%. The company had revenue of $21.50 million for the quarter, compared to the consensus estimate of $22.65 million. During the same quarter in the previous year, the company posted $0.19 EPS. The business’s revenue was down 60.3% on a year-over-year basis. Analysts forecast that Jamba will post ($0.09) EPS for the current fiscal year.
In other news, CEO David Pace bought 7,500 shares of the stock in a transaction dated Friday, August 19th. The shares were bought at an average price of $11.47 per share, for a total transaction of $86,025.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Glenn W. Welling bought 250,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were purchased at an average price of $10.96 per share, for a total transaction of $2,740,000.00. The disclosure for this purchase can be found here. 15.85% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. First Foundation Advisors purchased a new position in shares of Jamba during the second quarter worth $478,000. Numeric Investors LLC raised its position in shares of Jamba by 184.5% in the second quarter. Numeric Investors LLC now owns 102,722 shares of the company’s stock worth $1,057,000 after buying an additional 66,622 shares during the period. BlackRock Investment Management LLC raised its position in shares of Jamba by 5.8% in the second quarter. BlackRock Investment Management LLC now owns 49,509 shares of the company’s stock worth $509,000 after buying an additional 2,699 shares during the period. Vanguard Group Inc. raised its position in shares of Jamba by 1.4% in the second quarter. Vanguard Group Inc. now owns 617,549 shares of the company’s stock worth $6,354,000 after buying an additional 8,538 shares during the period. Finally, Pax World Management LLC raised its position in shares of Jamba by 20.0% in the second quarter. Pax World Management LLC now owns 579,307 shares of the company’s stock worth $5,961,000 after buying an additional 96,380 shares during the period. Institutional investors own 96.41% of the company’s stock.
Jamba Company Profile
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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