Wells Fargo & Company MN held its stake in Jamba, Inc. (NASDAQ:JMBA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,084 shares of the restaurant operator’s stock at the end of the first quarter. Wells Fargo & Company MN owned approximately 0.07% of Jamba worth $100,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the company. Two Sigma Investments LP acquired a new position in shares of Jamba during the fourth quarter worth about $616,000. Renaissance Technologies LLC purchased a new stake in Jamba during the fourth quarter worth approximately $437,000. Russell Investments Group Ltd. purchased a new stake in Jamba during the fourth quarter worth approximately $191,000. State Street Corp boosted its stake in Jamba by 4.6% in the fourth quarter. State Street Corp now owns 243,184 shares of the restaurant operator’s stock worth $2,505,000 after buying an additional 10,710 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Jamba by 25.3% in the fourth quarter. Teachers Advisors LLC now owns 26,667 shares of the restaurant operator’s stock worth $275,000 after buying an additional 5,385 shares during the period. 98.64% of the stock is currently owned by institutional investors and hedge funds.
Jamba, Inc. (NASDAQ JMBA) opened at 8.73 on Friday. The firm’s 50 day moving average price is $7.95 and its 200-day moving average price is $8.55. The stock’s market cap is $133.82 million. Jamba, Inc. has a 1-year low of $6.71 and a 1-year high of $11.62.
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Separately, Zacks Investment Research lowered Jamba from a “hold” rating to a “strong sell” rating in a research note on Friday, June 16th.
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.
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