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.

ILLEGAL ACTIVITY WARNING: This article was reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/03/jamba-jmba-upgraded-to-buy-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Jamba Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jamba Inc. and related companies with MarketBeat.com's FREE daily email newsletter.