Jamba Inc. (JMBA) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Jamba Inc. (NASDAQ:JMBA) have been given an average rating of “Hold” by the seven research firms that are covering the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.00.
JMBA has been the subject of a number of recent research reports. Zacks Investment Research lowered Jamba from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. TheStreet lowered Jamba from a “hold” rating to a “sell” rating in a report on Friday, August 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $16.00 price objective (up from $15.00) on shares of Jamba in a report on Friday, August 5th.
In other news, Director Glenn W. Welling acquired 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were acquired at an average price of $10.96 per share, for a total transaction of $2,740,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Pace acquired 7,500 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was purchased at an average price of $11.47 per share, for a total transaction of $86,025.00. The disclosure for this purchase can be found here. 15.85% of the stock is owned by insiders.
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A number of institutional investors have recently bought and sold shares of the stock. First Foundation Advisors purchased a new position in Jamba during the second quarter valued at approximately $478,000. Numeric Investors LLC increased its position in Jamba by 184.5% in the second quarter. Numeric Investors LLC now owns 102,722 shares of the company’s stock valued at $1,057,000 after buying an additional 66,622 shares during the last quarter. BlackRock Investment Management LLC increased its position in Jamba by 5.8% in the second quarter. BlackRock Investment Management LLC now owns 49,509 shares of the company’s stock valued at $509,000 after buying an additional 2,699 shares during the last quarter. Vanguard Group Inc. increased its position in Jamba by 1.4% in the second quarter. Vanguard Group Inc. now owns 617,549 shares of the company’s stock valued at $6,354,000 after buying an additional 8,538 shares during the last quarter. Finally, Pax World Management LLC increased its position in Jamba by 20.0% in the second quarter. Pax World Management LLC now owns 579,307 shares of the company’s stock valued at $5,961,000 after buying an additional 96,380 shares during the last quarter. Institutional investors and hedge funds own 96.41% of the company’s stock.
Jamba (NASDAQ:JMBA) traded down 0.75% during trading on Monday, reaching $10.64. The company’s stock had a trading volume of 24,656 shares. The stock’s 50 day moving average is $10.72 and its 200 day moving average is $11.26. Jamba has a 12 month low of $9.94 and a 12 month high of $14.65. The company’s market cap is $162.30 million.
Jamba (NASDAQ:JMBA) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.10. The company had revenue of $21.50 million for the quarter, compared to the consensus estimate of $22.65 million. Jamba had a negative return on equity of 11.23% and a negative net margin of 0.48%. The business’s revenue for the quarter was down 60.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. On average, equities analysts expect that Jamba will post ($0.09) EPS for the current fiscal year.
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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