Notable Mover: Could Jamba, Inc. Change Direction After Today’s Big Decline?

Notable Mover: Could Jamba, Inc. Change Direction After Today's Big Decline?

The stock of Jamba, Inc. (NASDAQ:JMBA) is a huge mover today! The stock decreased 4.79% or $0.49 during the last trading session, hitting $9.75. About 123,959 shares traded hands or 127.15% up from the average. Jamba, Inc. (NASDAQ:JMBA) has declined 17.09% since April 4, 2016 and is downtrending. It has underperformed by 18.18% the S&P500.
The move comes after 7 months negative chart setup for the $149.74M company. It was reported on Nov, 4 by Barchart.com. We have $8.68 PT which if reached, will make NASDAQ:JMBA worth $16.47 million less.

Analysts await Jamba, Inc. (NASDAQ:JMBA) to report earnings on November, 14. They expect $0.15 EPS, up 50.00% or $0.05 from last year’s $0.1 per share. JMBA’s profit will be $2.30 million for 16.25 P/E if the $0.15 EPS becomes a reality. After $0.19 actual EPS reported by Jamba, Inc. for the previous quarter, Wall Street now forecasts -21.05% negative EPS growth.

Jamba, Inc. (NASDAQ:JMBA) Ratings Coverage

Out of 3 analysts covering Jamba (NASDAQ:JMBA), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Jamba has been the topic of 4 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The rating was upgraded by TheStreet on Wednesday, August 26 to “Sell”. On Tuesday, November 10 the stock rating was downgraded by Dougherty & Company to “Neutral”.

According to Zacks Investment Research, “Jamba, Inc., through its subsidiary, Jamba Juice Company, offers blended beverages, juices, fruit smoothies, and snacks primarily in the United States. The company was founded in 1990. It was formerly known as Services Acquisition Corp. International and changed its name to Jamba, Inc. in November 2006. The company is headquartered in San Francisco, California”

Insitutional Activity: The institutional sentiment decreased to 0.47 in 2016 Q2. Its down 0.30, from 0.77 in 2016Q1. The ratio dropped, as 8 funds sold all Jamba, Inc. shares owned while 26 reduced positions. 3 funds bought stakes while 13 increased positions. They now own 12.53 million shares or 3.76% less from 13.02 million shares in 2016Q1.
Tiaa Cref Limited Liability accumulated 0% or 43,713 shares. Jpmorgan Chase accumulated 0% or 624 shares. Dimensional Fund Advisors Ltd Partnership accumulated 0% or 499,983 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Private Cap Mngmt Ltd Liability Corporation accumulated 638,955 shares or 0.96% of the stock. Pax World Mngmt has invested 0.35% of its portfolio in Jamba, Inc. (NASDAQ:JMBA). Royal Fincl Bank Of Canada holds 0% or 1,600 shares in its portfolio. The California-based Schwab Charles Investment has invested 0% in Jamba, Inc. (NASDAQ:JMBA). Moreover, Bandera Limited Liability Co has 2.03% invested in Jamba, Inc. (NASDAQ:JMBA) for 299,310 shares. The Missouri-based Kennedy Capital Management has invested 0.03% in Jamba, Inc. (NASDAQ:JMBA). State Board Of Administration Of Florida Retirement Sys has 0% invested in the company for 24,000 shares. Engaged Limited Liability Com last reported 6.63% of its portfolio in the stock. Manufacturers Life Insur Com The has 7,023 shares for 0% of their US portfolio. Blackrock accumulated 1,599 shares or 0% of the stock. Wellington Management Group Llp owns 1.80M shares or 0% of their US portfolio.

Insider Transactions: Since August 9, 2016, the stock had 2 insider purchases, and 1 sale for $2.80 million net activity. PACE DAVID had bought 7,500 shares worth $86,017. 2,010 shares with value of $22,874 were sold by ADKINS STEVE on Thursday, August 18. Welling Glenn W. bought $2.74M worth of Jamba, Inc. (NASDAQ:JMBA) on Tuesday, August 9.

More notable recent Jamba, Inc. (NASDAQ:JMBA) news were published by: Businesswire.com which released: “Jamba, Inc. Announces Third Quarter 2016 Financial Results” on November 04, 2016, also Reuters.com with their article: “BRIEF-Jamba inc and units entered into a credit agreement” published on November 04, 2016, Rttnews.com published: “Jamba, Inc. Q3 Income Advances 14%” on November 04, 2016. More interesting news about Jamba, Inc. (NASDAQ:JMBA) were released by: Businesswire.com and their article: “Jamba, Inc. Plans Strategic Changes to Enhance Franchise Support and Fuel Growth” published on May 04, 2016 as well as Businesswire.com‘s news article titled: “Jamba, Inc. Nears Completion of Refranchising Efforts with 16-Store California …” with publication date: October 29, 2015.

JMBA Company Profile

Jamba, Inc., incorporated on January 6, 2005, is a restaurant retailer of specialty food and beverage offerings. The Firm 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. The Company, through its subsidiary, Jamba Juice Company, operates a lifestyle brand. The Firm has a global business driven by a portfolio of franchised and company-owned Jamba Juice stores, and licensed JambaGO and Jamba Juice Express formats. The Jamba brand includes product platforms and both licensed and firm driven consumer packaged goods (CPG).

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