ValuEngine upgraded shares of Jamba, Inc. (NASDAQ:JMBA) from a hold rating to a buy rating in a research report released on Monday morning.

Separately, Zacks Investment Research raised shares of Jamba from a strong sell rating to a hold rating in a report on Tuesday, August 1st.

Jamba (JMBA) traded up 2.05% on Monday, hitting $8.96. The stock had a trading volume of 59,569 shares. The firm’s market cap is $137.35 million. The company’s 50 day moving average price is $9.20 and its 200 day moving average price is $8.42. Jamba has a 52-week low of $6.71 and a 52-week high of $10.89.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL lifted its stake in Jamba by 1.5% in the second quarter. Tudor Investment Corp ET AL now owns 16,483 shares of the restaurant operator’s stock worth $128,000 after purchasing an additional 241 shares during the last quarter. Bank of America Corp DE lifted its stake in Jamba by 1.5% in the first quarter. Bank of America Corp DE now owns 48,497 shares of the restaurant operator’s stock worth $439,000 after purchasing an additional 739 shares during the last quarter. Teachers Advisors LLC lifted 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 worth $275,000 after purchasing an additional 5,385 shares during the last quarter. Geode Capital Management LLC lifted its stake in Jamba by 10.4% in the first quarter. Geode Capital Management LLC now owns 118,293 shares of the restaurant operator’s stock worth $1,070,000 after purchasing an additional 11,188 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Jamba by 36.7% in the first quarter. California Public Employees Retirement System now owns 51,823 shares of the restaurant operator’s stock worth $469,000 after purchasing an additional 13,900 shares during the last quarter. 99.09% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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