Jamba Inc. (JMBA) Rating Increased to Hold at Zacks Investment Research
Jamba Inc. (NASDAQ:JMBA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
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 “
A number of other equities analysts have also weighed in on JMBA. Royal Bank Of Canada reiterated an “outperform” rating and issued a $16.00 price target (up previously from $15.00) on shares of Jamba in a research report on Friday, August 5th. TheStreet lowered Jamba from a “hold” rating to a “sell” rating in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Jamba presently has an average rating of “Hold” and an average price target of $16.00.
Jamba (NASDAQ:JMBA) traded down 1.03% during midday trading on Monday, hitting $10.61. 46,012 shares of the company traded hands. The stock’s market cap is $161.84 million. The stock has a 50 day moving average of $10.70 and a 200 day moving average of $11.23. Jamba has a 12-month low of $9.94 and a 12-month high of $14.65.
Jamba (NASDAQ:JMBA) last announced its earnings results on Thursday, August 4th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.10. Jamba had a negative net margin of 0.48% and a negative return on equity of 11.23%. The firm had revenue of $21.50 million for the quarter, compared to the consensus estimate of $22.65 million. During the same period in the prior year, the business earned $0.19 EPS. The company’s quarterly revenue was down 60.3% compared to the same quarter last year. Equities research analysts predict that Jamba will post ($0.09) EPS for the current fiscal year.
In other Jamba news, Director Glenn W. Welling acquired 250,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was purchased at an average cost of $10.96 per share, for a total transaction of $2,740,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David Pace acquired 7,500 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were acquired at an average price of $11.47 per share, with a total value of $86,025.00. The disclosure for this purchase can be found here. Company insiders own 15.85% of the company’s stock.
A number of large investors have recently made changes to their positions in JMBA. First Foundation Advisors acquired a new stake in shares of Jamba during the second quarter worth approximately $478,000. Numeric Investors LLC raised its stake in shares of Jamba by 184.5% in the second quarter. Numeric Investors LLC now owns 102,722 shares of the company’s stock worth $1,057,000 after buying an additional 66,622 shares during the last quarter. BlackRock Investment Management LLC raised its stake in shares of Jamba by 5.8% in the second quarter. BlackRock Investment Management LLC now owns 49,509 shares of the company’s stock worth $509,000 after buying an additional 2,699 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Jamba by 1.4% in the second quarter. Vanguard Group Inc. now owns 617,549 shares of the company’s stock worth $6,354,000 after buying an additional 8,538 shares during the last quarter. Finally, Pax World Management LLC raised its stake in shares of Jamba by 20.0% in the second quarter. Pax World Management LLC now owns 579,307 shares of the company’s stock worth $5,961,000 after buying an additional 96,380 shares during the last quarter. Hedge funds and other institutional investors own 96.41% of the company’s stock.
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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