Jamba Inc. (NASDAQ:JMBA)’s share price dropped 1.6% during mid-day trading on Monday . The stock traded as low as $10.94 and last traded at $11.07, with a volume of 80,569 shares trading hands. The stock had previously closed at $11.25.

JMBA has been the topic of several analyst 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 reiterated 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 analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Jamba has a consensus rating of “Hold” and an average price target of $16.00.

The firm has a 50 day moving average price of $10.91 and a 200 day moving average price of $11.75. The firm’s market cap is $168.86 million.

Jamba (NASDAQ:JMBA) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ 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 was down 60.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 earnings per share. Equities research analysts forecast that Jamba Inc. will post ($0.09) EPS for the current fiscal year.

In other Jamba news, CEO David Pace purchased 7,500 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were acquired at an average price of $11.47 per share, with a total value of $86,025.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Glenn W. Welling purchased 250,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was acquired at an average cost of $10.96 per share, for a total transaction of $2,740,000.00. The disclosure for this purchase can be found here.

An institutional investor recently raised its position 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 filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the SEC.

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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