Jamba, Inc. (NASDAQ:JMBA) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

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 “

Jamba (NASDAQ JMBA) traded up 0.72% on Friday, hitting $7.01. 284,397 shares of the company traded hands. The firm’s market capitalization is $107.46 million. Jamba has a 12 month low of $6.71 and a 12 month high of $11.62. The stock’s 50-day moving average is $7.49 and its 200 day moving average is $9.05.

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In other news, Director Glenn W. Welling purchased 3,254 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 189,506 shares of company stock valued at $1,597,646 in the last quarter. 15.85% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JMBA. Engine Capital Management LLC increased its position 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 position in shares of Jamba during the first quarter worth about $147,000. Trexquant Investment LP purchased a new position in shares of Jamba during the fourth quarter worth about $176,000. Russell Investments Group Ltd. purchased a new position in shares of Jamba during the fourth quarter worth about $191,000. Finally, Teachers Advisors LLC increased its position 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 98.55% 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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