Jamba Inc. (NASDAQ:JMBA) shot up 2.9% during trading on Tuesday . The company traded as high as $11.07 and last traded at $10.95, with a volume of 80,843 shares. The stock had previously closed at $10.64.

A number of research firms recently commented on JMBA. TheStreet downgraded Jamba from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised Jamba from a “strong sell” rating to a “hold” rating in a report on Thursday, July 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $16.00 target price (up previously from $15.00) on shares of Jamba in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Jamba presently has an average rating of “Hold” and an average price target of $16.00.

The firm’s 50-day moving average is $10.49 and its 200 day moving average is $11.88. The company’s market capitalization is $165.81 million.

Jamba (NASDAQ:JMBA) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.10. During the same quarter last year, the business posted $0.19 EPS. The business earned $21.50 million during the quarter, compared to the consensus estimate of $22.65 million. Jamba’s revenue for the quarter was down 60.3% compared to the same quarter last year. On average, equities analysts predict that Jamba Inc. will post $0.18 EPS for the current year.

A hedge fund recently raised its stake in Jamba stock. Morgan Stanley increased its stake in Jamba Inc. (NASDAQ:JMBA) by 112.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,192,219 shares of the company’s stock after buying an additional 630,361 shares during the period. Morgan Stanley owned approximately 7.93% of Jamba worth $16,082,000 at the end of the most recent quarter.

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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