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 report sent to investors on Friday.
Jamba (NASDAQ:JMBA) opened at $8.38 on Friday. Jamba has a 12 month low of $6.71 and a 12 month high of $10.80.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in JMBA. Western Standard LLC increased its stake in Jamba by 167.2% in the second quarter. Western Standard LLC now owns 571,753 shares of the restaurant operator’s stock valued at $4,454,000 after acquiring an additional 357,781 shares during the last quarter. Royce & Associates LP increased its stake in Jamba by 74.0% in the second quarter. Royce & Associates LP now owns 435,025 shares of the restaurant operator’s stock valued at $3,389,000 after acquiring an additional 185,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Jamba by 22.1% during the first quarter. Vanguard Group Inc. now owns 786,823 shares of the restaurant operator’s stock valued at $7,121,000 after buying an additional 142,203 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Jamba by 271.1% during the first quarter. Renaissance Technologies LLC now owns 157,585 shares of the restaurant operator’s stock valued at $1,426,000 after buying an additional 115,125 shares during the last quarter. Finally, Mosaic Family Wealth LLC bought a new position in shares of Jamba during the third quarter valued at about $259,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://theolympiareport.com/2017/12/05/jamba-jmba-upgraded-to-buy-at-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Jamba Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jamba Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.