Zacks Investment Research upgraded shares of Jamba, Inc. (NASDAQ:JMBA) from a strong sell rating to a hold rating in a research note released on Tuesday, August 1st.

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 “

Jamba (NASDAQ JMBA) opened at 9.13 on Tuesday. The stock’s market cap is $139.95 million. Jamba has a 1-year low of $6.71 and a 1-year high of $11.62. The firm’s 50-day moving average is $8.29 and its 200-day moving average is $8.52.

WARNING: “Jamba, Inc. (NASDAQ:JMBA) Upgraded by Zacks Investment Research to “Hold”” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/14/jamba-inc-nasdaqjmba-lifted-to-hold-at-zacks-investment-research-updated.html.

A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Jamba during the fourth quarter valued at approximately $191,000. Teton Advisors Inc. increased its stake in Jamba by 45.1% in the first quarter. Teton Advisors Inc. now owns 51,352 shares of the restaurant operator’s stock valued at $465,000 after buying an additional 15,952 shares in the last quarter. Teachers Advisors LLC increased its stake in Jamba by 25.3% in the fourth quarter. Teachers Advisors LLC now owns 26,667 shares of the restaurant operator’s stock valued at $275,000 after buying an additional 5,385 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Jamba during the fourth quarter valued at approximately $437,000. Finally, Engaged Capital LLC increased its stake in Jamba by 21.7% in the first quarter. Engaged Capital LLC now owns 2,697,029 shares of the restaurant operator’s stock valued at $24,408,000 after buying an additional 481,262 shares in the last quarter. 98.64% of the stock is owned by institutional investors.

About Jamba

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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