Jamba Inc. (JMBA) Receives Consensus Recommendation of “Hold” from Analysts
Jamba Inc. (NASDAQ:JMBA) has been given an average rating of “Hold” by the seven brokerages that are covering the company. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $16.00.
JMBA has been the subject of several research reports. Zacks Investment Research lowered Jamba from a “hold” rating to a “sell” rating in a report on Tuesday, October 11th. TheStreet lowered Jamba from a “hold” rating to a “sell” rating in a report on Friday, August 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $16.00 price target (up from $15.00) on shares of Jamba in a report on Friday, August 5th.
In other Jamba news, Director Glenn W. Welling acquired 250,000 shares of Jamba stock in a transaction on Wednesday, August 10th. The shares were bought at an average price of $10.96 per share, with a total value of $2,740,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Pace acquired 7,500 shares of Jamba stock in a transaction on Friday, August 19th. The stock was acquired at an average cost 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 company insiders.
A number of institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY purchased a new position in shares of Jamba during the first quarter valued at about $129,000. Barclays PLC bought a new position in Jamba during the first quarter valued at $327,000. First Foundation Advisors bought a new position in Jamba during the second quarter valued at $478,000. BlackRock Investment Management LLC raised 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. Finally, Geode Capital Management LLC raised its position in Jamba by 0.5% in the first quarter. Geode Capital Management LLC now owns 101,228 shares of the company’s stock valued at $1,251,000 after buying an additional 530 shares during the last quarter. 96.41% of the stock is currently owned by institutional investors.
Jamba (NASDAQ:JMBA) traded down 0.75% during trading on Monday, reaching $10.64. 24,656 shares of the company’s stock were exchanged. The company’s market capitalization is $162.30 million. Jamba has a 52-week low of $9.94 and a 52-week high of $14.65. The stock’s 50-day moving average price is $10.72 and its 200-day moving average price is $11.26.
Jamba (NASDAQ:JMBA) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.10. The firm had revenue of $21.50 million for the quarter, compared to analyst estimates of $22.65 million. Jamba had a negative net margin of 0.48% and a negative return on equity of 11.23%. The firm’s quarterly revenue was down 60.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Equities analysts expect that Jamba will post ($0.09) earnings per share for the current 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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