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

JMBA has been the topic of a number of recent research reports. Zacks Investment Research lowered Jamba from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $16.00 target price (up previously from $15.00) on shares of Jamba in a research note on Friday, August 5th. Finally, TheStreet lowered Jamba from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $16.00.

The firm’s market capitalization is $169.32 million. The firm’s 50-day moving average is $10.52 and its 200 day moving average is $11.86.

Jamba (NASDAQ:JMBA) last announced 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. During the same quarter in the prior year, the firm earned $0.19 EPS. The business had revenue of $21.50 million for the quarter, compared to the consensus estimate of $22.65 million. The company’s revenue for the quarter was down 60.3% compared to the same quarter last year. Analysts anticipate that Jamba Inc. will post $0.18 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Jamba stock. Morgan Stanley boosted its stake in shares of Jamba Inc. (NASDAQ:JMBA) by 112.2% during the fourth quarter, according to its most recent filing 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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