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 “
A number of other research firms have also recently commented on JMBA. Royal Bank Of Canada reiterated an outperform rating and set a $16.00 target price (up previously from $15.00) on shares of Jamba in a research report on Friday, August 5th. TheStreet lowered Jamba from a hold rating to a sell rating in a report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Jamba currently has an average rating of Hold and an average price target of $16.00.
Jamba (NASDAQ:JMBA) opened at 10.72 on Tuesday. The firm’s 50-day moving average price is $10.72 and its 200 day moving average price is $11.26. The stock’s market cap is $163.52 million. Jamba has a 12-month low of $9.94 and a 12-month high of $14.65.
Jamba (NASDAQ:JMBA) last posted its earnings results on Thursday, August 4th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.10. Jamba had a negative return on equity of 11.23% and a negative net margin of 0.48%. The firm had revenue of $21.50 million for the quarter, compared to analyst estimates of $22.65 million. During the same quarter last year, the firm posted $0.19 EPS. The firm’s revenue for the quarter was down 60.3% on a year-over-year basis. Analysts anticipate that Jamba will post ($0.09) EPS for the current year.
In other Jamba news, Director Glenn W. Welling acquired 250,000 shares of the stock in a transaction on Wednesday, August 10th. The shares were bought at an average price of $10.96 per share, with a total value of $2,740,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Pace acquired 7,500 shares of the stock in a transaction on Friday, August 19th. The stock was acquired at an average cost of $11.47 per share, for a total transaction of $86,025.00. The disclosure for this purchase can be found here. Corporate insiders own 15.85% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Jamba during the first quarter worth $129,000. Barclays PLC acquired a new stake in shares of Jamba during the first quarter worth $327,000. First Foundation Advisors acquired a new stake in shares of Jamba during the second quarter worth $478,000. BlackRock Investment Management LLC raised its stake in shares of Jamba by 5.8% in the second quarter. BlackRock Investment Management LLC now owns 49,509 shares of the company’s stock worth $509,000 after buying an additional 2,699 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Jamba by 0.5% in the first quarter. Geode Capital Management LLC now owns 101,228 shares of the company’s stock worth $1,251,000 after buying an additional 530 shares in the last quarter. 96.41% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Jamba Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jamba Inc. and related companies with MarketBeat.com's FREE daily email newsletter.