Jamba (JMBA) Upgraded to “Buy” at ValuEngine
Jamba (NASDAQ:JMBA) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Jamba (NASDAQ:JMBA) opened at $8.50 on Friday. Jamba has a 12 month low of $6.71 and a 12 month high of $10.80.
A number of hedge funds and other institutional investors have recently bought and sold shares of JMBA. Western Standard LLC increased its holdings in Jamba by 167.2% during the second quarter. Western Standard LLC now owns 571,753 shares of the restaurant operator’s stock worth $4,454,000 after buying an additional 357,781 shares during the last quarter. Royce & Associates LP boosted its position in shares of Jamba by 74.0% in the second quarter. Royce & Associates LP now owns 435,025 shares of the restaurant operator’s stock valued at $3,389,000 after acquiring an additional 185,000 shares during the period. Vanguard Group Inc. lifted its position in Jamba by 22.1% during the first quarter. Vanguard Group Inc. now owns 786,823 shares of the restaurant operator’s stock valued at $7,121,000 after purchasing an additional 142,203 shares during the last quarter. Renaissance Technologies LLC lifted its position in Jamba by 271.1% during the first quarter. Renaissance Technologies LLC now owns 157,585 shares of the restaurant operator’s stock valued at $1,426,000 after purchasing an additional 115,125 shares during the last quarter. Finally, Mosaic Family Wealth LLC bought a new stake in Jamba during the third quarter valued at approximately $259,000. Institutional investors and hedge funds own 92.85% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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