Jamba, Inc. (NASDAQ:JMBA) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday.
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 “
Other analysts also recently issued reports about the stock. TheStreet downgraded shares of Jamba from a “hold” rating to a “sell” rating in a research report on Friday, August 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $16.00 price target (up from $15.00) on shares of Jamba in a research report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.00.
Jamba (NASDAQ:JMBA) traded down 0.39% on Wednesday, reaching $10.25. 14,425 shares of the company’s stock were exchanged. Jamba has a 12 month low of $9.25 and a 12 month high of $14.22. The firm’s market capitalization is $157.12 million. The firm has a 50-day moving average of $10.39 and a 200-day moving average of $10.74.
Jamba (NASDAQ:JMBA) last announced its quarterly earnings results on Friday, November 4th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.03. The firm earned $22.10 million during the quarter, compared to analyst estimates of $21.94 million. Jamba had a negative net margin of 18.96% and a negative return on equity of 16.50%. The business’s revenue was down 37.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, equities analysts expect that Jamba will post ($0.01) earnings per share for the current year.
In other Jamba news, CEO David Pace purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was bought at an average cost of $9.96 per share, with a total value of $99,600.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Rachel Phillips-Luther purchased 2,970 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were acquired at an average cost of $10.10 per share, with a total value of $29,997.00. The disclosure for this purchase can be found here. Company insiders own 15.85% of the company’s stock.
Several institutional investors have recently modified their holdings of JMBA. Wellington Management Group LLP boosted its position 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 in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Jamba during the second quarter valued at $1,429,000. Private Capital Management LLC boosted its position in shares of 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 boosted its position in shares of 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 boosted its position in shares of 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 owned by institutional investors.
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.