Jamba Inc. (JMBA) Sees Large Volume Increase
Shares of Jamba Inc. (NASDAQ:JMBA) saw unusually-high trading volume on Thursday . Approximately 113,713 shares traded hands during mid-day trading, an increase of 59% from the previous session’s volume of 71,684 shares.The stock last traded at $10.94 and had previously closed at $10.82.
JMBA has been the subject of several recent research reports. Zacks Investment Research lowered Jamba from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. Royal Bank Of Canada restated an “outperform” rating and set a $16.00 target price (up from $15.00) on shares of Jamba in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Jamba currently has a consensus rating of “Hold” and an average price target of $16.00.
The stock has a market cap of $160.87 million and a price-to-earnings ratio of 20.30. The firm’s 50 day moving average is $10.47 and its 200-day moving average is $11.90.
Jamba (NASDAQ:JMBA) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.19 by $0.10. The firm earned $21.50 million during the quarter, compared to analyst estimates of $22.65 million. The firm’s revenue for the quarter was down 60.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS. Analysts forecast that Jamba Inc. will post $0.18 earnings per share for the current year.
A hedge fund recently raised its stake in Jamba stock. Morgan Stanley boosted its stake in Jamba Inc. (NASDAQ:JMBA) by 112.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,192,219 shares of the company’s stock after buying an additional 630,361 shares during the period. Morgan Stanley owned 7.93% of Jamba worth $16,082,000 as of its most recent SEC filing.
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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