Bandera Partners Lowers stake in Jamba (JMBA)

Jamba (JMBA) : Bandera Partners reduced its stake in Jamba by 9.85% during the most recent quarter end. The investment management company now holds a total of 299,310 shares of Jamba which is valued at $3,397,169 after selling 32,690 shares in Jamba , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Jamba makes up approximately 2.15% of Bandera Partners’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in JMBA in the latest quarter, The investment management firm added 415 additional shares and now holds a total of 101,643 shares of Jamba which is valued at $1,153,648.Tiaa Cref Investment Management boosted its stake in JMBA in the latest quarter, The investment management firm added 4,748 additional shares and now holds a total of 43,713 shares of Jamba which is valued at $496,143. Sandy Spring Bank sold out all of its stake in JMBA during the most recent quarter. The investment firm sold 100 shares of JMBA which is valued $1,064.Thompson Siegel Walmsley reduced its stake in JMBA by selling 17,738 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 973,229 shares of JMBA which is valued at $10,374,621. Jamba makes up approx 0.16% of Thompson Siegel Walmsley’s portfolio.

Jamba closed down -0.18 points or -1.60% at $11.07 with 79,487 shares getting traded on Monday. Post opening the session at $11.2, the shares hit an intraday low of $10.94 and an intraday high of $11.275 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Jamba reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.19. The company had revenue of $21.50 million for the quarter, compared to analysts expectations of $22.75 million. The company’s revenue was down -60.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.19 EPS.

Jamba Inc. is a restaurant retailer of specialty food and beverage offerings. The Company’s offerings include whole fruit smoothies squeezed juices and juice blends Energy Bowls hot teas and a range of food items including hot oatmeal breakfast wraps sandwiches Artisan Flatbreads baked goods and snacks. The Company through its wholly owned subsidiary Jamba Juice Company operates a portfolio of franchised and Company-owned Jamba Juice stores and licensed JambaGO and Jamba Smoothie Station formats. The Jamba brand includes product platforms and both licensed and company driven consumer packaged goods. Jamba Juice Company sells consumer packaged goods (CPG) products and licenses its trademarks for CPG products sells through retail channels such as grocery stores warehouse clubs and convenience stores. It has around 868 Jamba Juice stores 543 franchise-operated stores in the United States and 62 franchise-operated stores in international locations.

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