Jamba Inc. (JMBA) Coverage Initiated at Wedbush
Analysts at Wedbush initiated coverage on shares of Jamba Inc. (NASDAQ:JMBA) in a research note issued to investors on Tuesday. The firm set a “neutral” rating on the stock.
Several other brokerages have also recently issued reports on JMBA. Zacks Investment Research cut shares of Jamba from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. TheStreet cut shares of Jamba from a “hold” rating to a “sell” rating in a research report on Friday, August 5th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $16.00 price target (up from $15.00) on shares of Jamba in a research report on Friday, August 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.00.
Shares of Jamba (NASDAQ:JMBA) opened at 10.19 on Tuesday. Jamba has a 52-week low of $9.25 and a 52-week high of $14.22. The company has a 50-day moving average of $10.42 and a 200 day moving average of $10.76. The company’s market capitalization is $156.20 million.
Jamba (NASDAQ:JMBA) last issued its quarterly earnings data on Friday, November 4th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The company earned $22.10 million during the quarter, compared to the consensus estimate of $21.94 million. Jamba had a negative net margin of 18.96% and a negative return on equity of 16.50%. Jamba’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. Analysts predict that Jamba will post ($0.03) earnings per share for the current year.
In other news, CEO David Pace acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was bought at an average cost of $9.96 per share, for a total transaction of $99,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rachel Phillips-Luther acquired 2,970 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were purchased at an average price of $10.10 per share, with a total value of $29,997.00. The disclosure for this purchase can be found here. Insiders own 15.85% of the company’s stock.
Large investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Jamba by 32.2% in the first quarter. Wellington Management Group LLP now owns 1,805,870 shares of the company’s stock valued at $22,321,000 after buying an additional 440,025 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Jamba during the second quarter valued at $1,429,000. Private Capital Management LLC boosted its stake in Jamba by 19.6% in the third quarter. Private Capital Management LLC now owns 764,178 shares of the company’s stock valued at $8,345,000 after buying an additional 125,223 shares during the period. Pax World Management LLC boosted its stake in Jamba by 20.0% in the second quarter. Pax World Management LLC now owns 579,307 shares of the company’s stock valued at $5,961,000 after buying an additional 96,380 shares during the period. Finally, Numeric Investors LLC boosted 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 own 94.22% of the company’s stock.
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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