Jamba (NASDAQ:JMBA) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

Shares of Jamba (NASDAQ JMBA) opened at $8.50 on Friday. Jamba has a 52-week low of $6.71 and a 52-week high of $10.80.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL increased its position in shares of Jamba by 1.5% during the second quarter. Tudor Investment Corp ET AL now owns 16,483 shares of the restaurant operator’s stock worth $128,000 after acquiring an additional 241 shares during the last quarter. Bank of America Corp DE increased its position in shares of Jamba by 1.5% during the first quarter. Bank of America Corp DE now owns 48,497 shares of the restaurant operator’s stock worth $439,000 after acquiring an additional 739 shares during the last quarter. Boothbay Fund Management LLC increased its position in shares of Jamba by 61.2% during the third quarter. Boothbay Fund Management LLC now owns 27,460 shares of the restaurant operator’s stock worth $237,000 after acquiring an additional 10,430 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Jamba by 10.4% during the first quarter. Geode Capital Management LLC now owns 118,293 shares of the restaurant operator’s stock worth $1,070,000 after acquiring an additional 11,188 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Jamba by 36.7% during the first quarter. California Public Employees Retirement System now owns 51,823 shares of the restaurant operator’s stock worth $469,000 after acquiring an additional 13,900 shares during the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

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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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