Jamba (JMBA) Upgraded to Buy at ValuEngine
ValuEngine upgraded shares of Jamba (NASDAQ:JMBA) from a hold rating to a buy rating in a research note issued to investors on Friday morning.
Shares of Jamba (NASDAQ:JMBA) traded down $0.07 during mid-day trading on Friday, hitting $8.50. The stock had a trading volume of 15,836 shares, compared to its average volume of 29,775. Jamba has a 1 year low of $6.71 and a 1 year high of $10.80.
Several hedge funds have recently modified their holdings of JMBA. Western Standard LLC increased its holdings in shares of Jamba by 167.2% in the second quarter. Western Standard LLC now owns 571,753 shares of the restaurant operator’s stock worth $4,454,000 after purchasing an additional 357,781 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Jamba by 74.0% in the second quarter. Royce & Associates LP now owns 435,025 shares of the restaurant operator’s stock worth $3,389,000 after purchasing an additional 185,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Jamba by 22.1% in the first quarter. Vanguard Group Inc. now owns 786,823 shares of the restaurant operator’s stock worth $7,121,000 after purchasing an additional 142,203 shares during the last quarter. Renaissance Technologies LLC increased its stake in Jamba by 271.1% during the first quarter. Renaissance Technologies LLC now owns 157,585 shares of the restaurant operator’s stock worth $1,426,000 after acquiring an additional 115,125 shares during the last quarter. Finally, Mosaic Family Wealth LLC bought a new stake in Jamba during the third quarter worth approximately $259,000. 92.85% of the stock is currently owned by hedge funds and other institutional investors.
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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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