Jamba, Inc. (NASDAQ:JMBA) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors 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 “

Shares of Jamba (NASDAQ:JMBA) traded down 0.68% during midday trading on Tuesday, hitting $7.27. The stock had a trading volume of 65,429 shares. Jamba has a 12-month low of $7.15 and a 12-month high of $11.62. The firm’s market cap is $111.44 million. The firm has a 50-day moving average of $8.09 and a 200 day moving average of $9.37.

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In other news, Director Glenn W. Welling acquired 3,254 shares of Jamba stock in a transaction on Monday, April 3rd. The stock was bought at an average price of $9.09 per share, for a total transaction of $29,578.86. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 458,883 shares of company stock valued at $4,210,620 in the last quarter. Corporate insiders own 15.85% of the company’s stock.

Several hedge funds have recently made changes to their positions in JMBA. Engine Capital Management LLC increased its stake in shares of Jamba by 7,901.0% in the first quarter. Engine Capital Management LLC now owns 15,922 shares of the restaurant operator’s stock worth $144,000 after buying an additional 15,723 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Jamba during the first quarter worth approximately $147,000. Trexquant Investment LP purchased a new stake in shares of Jamba during the fourth quarter worth approximately $176,000. Russell Investments Group Ltd. purchased a new stake in shares of Jamba during the fourth quarter worth approximately $191,000. Finally, Teachers Advisors LLC increased its stake in shares of Jamba by 25.3% in the fourth quarter. Teachers Advisors LLC now owns 26,667 shares of the restaurant operator’s stock worth $275,000 after buying an additional 5,385 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

About Jamba

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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