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.

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About Jamba

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.

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