Jamba Inc. (JMBA) SVP Rachel Phillips-Luther Purchases 2,970 Shares
Jamba Inc. (NASDAQ:JMBA) SVP Rachel Phillips-Luther bought 2,970 shares of the business’s stock in a transaction on Friday, November 18th. The stock was bought at an average price of $10.10 per share, with a total value of $29,997.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
Jamba Inc. (NASDAQ:JMBA) traded up 0.10% during midday trading on Tuesday, reaching $10.20. The company’s stock had a trading volume of 11,149 shares. The company’s market cap is $156.36 million. The firm has a 50 day moving average price of $10.42 and a 200-day moving average price of $10.76. Jamba Inc. has a 12-month low of $9.25 and a 12-month high of $14.22.
Jamba (NASDAQ:JMBA) last released its quarterly earnings data on Friday, November 4th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.03. Jamba had a negative net margin of 18.96% and a negative return on equity of 16.50%. The business earned $22.10 million during the quarter, compared to analyst estimates of $21.94 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s revenue was down 37.7% on a year-over-year basis. On average, equities research analysts predict that Jamba Inc. will post ($0.03) earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the company. Zacks Investment Research downgraded Jamba from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. TheStreet cut Jamba from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $16.00 price target (up from $15.00) on shares of Jamba in a research note on Friday, August 5th. Finally, Wedbush initiated coverage on Jamba in a research note on Tuesday. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Jamba presently has a consensus rating of “Hold” and an average price target of $16.00.
A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company bought a new stake in Jamba during the third quarter worth $122,000. Morgan Stanley raised its position 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 raised its position 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 raised its position 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. Finally, First Foundation Advisors acquired a new position in Jamba during the second quarter valued at approximately $478,000. 94.22% of the stock is currently owned by institutional investors.
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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