California State Teachers Retirement System Sells 600 Shares of Jamba Inc. (JMBA)
California State Teachers Retirement System decreased its position in shares of Jamba Inc. (NASDAQ:JMBA) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 27,038 shares of the company’s stock after selling 600 shares during the period. California State Teachers Retirement System owned 0.18% of Jamba worth $278,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in Jamba by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 141,944 shares of the company’s stock worth $1,460,000 after buying an additional 996 shares during the last quarter. Barclays PLC purchased a new position in Jamba during the first quarter worth about $327,000. Metropolitan Life Insurance Co. NY purchased a new position in Jamba during the first quarter worth about $129,000. Wellington Management Group LLP boosted its position in Jamba by 32.2% in the first quarter. Wellington Management Group LLP now owns 1,805,870 shares of the company’s stock worth $22,321,000 after buying an additional 440,025 shares during the period. Finally, Geode Capital Management LLC boosted its position in Jamba by 0.5% in the first quarter. Geode Capital Management LLC now owns 101,228 shares of the company’s stock worth $1,251,000 after buying an additional 530 shares during the period. 96.41% of the stock is currently owned by institutional investors.
Jamba Inc. (NASDAQ:JMBA) traded up 0.7602% on Wednesday, reaching $10.5899. 17,438 shares of the company traded hands. The company’s market capitalization is $161.54 million. The stock has a 50-day moving average of $10.69 and a 200 day moving average of $11.22. Jamba Inc. has a 52-week low of $9.94 and a 52-week high of $14.65.
Jamba (NASDAQ:JMBA) last announced its earnings results on Thursday, August 4th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.10. Jamba had a negative return on equity of 11.23% and a negative net margin of 0.48%. The business had revenue of $21.50 million for the quarter, compared to analyst estimates of $22.65 million. During the same quarter in the previous year, the company earned $0.19 EPS. The business’s revenue for the quarter was down 60.3% on a year-over-year basis. On average, equities analysts forecast that Jamba Inc. will post ($0.09) EPS for the current year.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Jamba from a “sell” rating to a “hold” rating in a research note on Monday. TheStreet cut shares of Jamba from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. Finally, 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. One equities research 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. The company currently has a consensus rating of “Hold” and a consensus price target of $16.00.
In other Jamba news, CEO David Pace bought 7,500 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were purchased at an average price of $11.47 per share, for a total transaction of $86,025.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Glenn W. Welling bought 250,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were acquired at an average price of $10.96 per share, for a total transaction of $2,740,000.00. The disclosure for this purchase can be found here. Company insiders own 15.85% of the company’s stock.
Jamba Company Profile
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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