Jamba, Inc. (NASDAQ:JMBA) – Equities researchers at Wedbush issued their FY2016 earnings estimates for shares of Jamba in a note issued to investors on Tuesday. Wedbush analyst C. Radke anticipates that the brokerage will post earnings of $0.13 per share for the year. Wedbush currently has a “Neutral” rating on the stock. Wedbush also issued estimates for Jamba’s Q4 2016 earnings at ($0.04) EPS, Q1 2017 earnings at $0.03 EPS, Q2 2017 earnings at $0.19 EPS, Q3 2017 earnings at $0.20 EPS, Q4 2017 earnings at $0.13 EPS and FY2017 earnings at $0.55 EPS.
Jamba (NASDAQ:JMBA) last issued its earnings results on Friday, November 4th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm earned $22.10 million during the quarter, compared to the consensus estimate of $21.94 million. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue for the quarter was down 37.7% on a year-over-year basis.
Several other research firms have also commented on JMBA. Zacks Investment Research lowered shares of Jamba from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. TheStreet lowered shares of Jamba from a “hold” rating to a “sell” rating in a report on Friday, August 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $16.00 price target (up from $15.00) on shares of Jamba in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $16.00.
Shares of Jamba (NASDAQ:JMBA) opened at 10.25 on Thursday. The company’s market cap is $157.12 million. Jamba has a 52 week low of $9.25 and a 52 week high of $14.22. The firm has a 50-day moving average of $10.37 and a 200 day moving average of $10.72.
Several large investors have recently made changes to their positions in JMBA. Wellington Management Group LLP raised its stake in shares of Jamba by 32.2% in the first quarter. Wellington Management Group LLP now owns 1,805,870 shares of the company’s stock valued at $22,321,000 after buying an additional 440,025 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Jamba during the second quarter valued at approximately $1,429,000. Private Capital Management LLC increased its stake in Jamba by 19.6% in the third quarter. Private Capital Management LLC now owns 764,178 shares of the company’s stock valued at $8,345,000 after buying an additional 125,223 shares in the last quarter. Pax World Management LLC increased its stake in Jamba by 20.0% in the second quarter. Pax World Management LLC now owns 579,307 shares of the company’s stock valued at $5,961,000 after buying an additional 96,380 shares in the last quarter. Finally, Numeric Investors LLC increased its stake in Jamba by 184.5% in the second quarter. Numeric Investors LLC now owns 102,722 shares of the company’s stock valued at $1,057,000 after buying an additional 66,622 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.
In related news, CEO David Pace purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average cost of $9.96 per share, with a total value of $99,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Rachel Phillips-Luther purchased 2,970 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were bought at an average cost of $10.10 per share, for a total transaction of $29,997.00. The disclosure for this purchase can be found here. Corporate insiders own 15.85% of the company’s stock.
Jamba Company Profile