Jamba Inc. (NASDAQ:JMBA) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday.

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 “

JMBA has been the topic of several other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Jamba currently has an average rating of “Hold” and an average target price of $16.00.

Jamba (NASDAQ:JMBA) opened at 10.13 on Wednesday. Jamba has a 1-year low of $9.25 and a 1-year high of $14.22. The firm’s 50-day moving average price is $10.55 and its 200 day moving average price is $10.94. The firm’s market capitalization is $155.28 million.

Jamba (NASDAQ:JMBA) last posted its quarterly earnings results on Friday, November 4th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The company had revenue of $22.10 million for the quarter, compared to analyst estimates of $21.94 million. Jamba had a negative return on equity of 16.50% and a negative net margin of 18.96%. The firm’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. On average, analysts predict that Jamba will post $0.07 EPS for the current year.

In other Jamba news, CEO David Pace bought 7,500 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were acquired at an average cost of $11.47 per share, with a total value of $86,025.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 15.85% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in Jamba by 1.9% in the third quarter. Morgan Stanley now owns 1,141,140 shares of the company’s stock valued at $12,461,000 after buying an additional 21,244 shares during the period. Northern Trust Corp increased its stake in Jamba by 3.2% in the third quarter. Northern Trust Corp now owns 144,543 shares of the company’s stock valued at $1,578,000 after buying an additional 4,454 shares during the period. Bank of New York Mellon Corp increased its stake in Jamba by 0.3% in the third quarter. Bank of New York Mellon Corp now owns 142,346 shares of the company’s stock valued at $1,555,000 after buying an additional 402 shares during the period. First Foundation Advisors purchased a new stake in Jamba during the second quarter valued at about $478,000. Finally, Numeric Investors LLC increased its stake in Jamba by 184.5% in the second quarter. Numeric Investors LLC now owns 102,722 shares of the company’s stock valued at $1,057,000 after buying an additional 66,622 shares during the period. Institutional investors and hedge funds own 96.43% 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.

5 Day Chart for NASDAQ:JMBA

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