Engaged Capital buys $20,828,478 stake in Jamba (JMBA)

Jamba (JMBA) : Engaged Capital scooped up 250,000 additional shares in Jamba during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,080,767 shares of Jamba which is valued at $20,828,478.Jamba makes up approximately 7.65% of Engaged Capital’s portfolio.

Other Hedge Funds, Including , Group One Trading boosted its stake in JMBA in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 20,649 shares of Jamba which is valued at $206,696. Jamba makes up approx 0.02% of Group One Trading’s portfolio.Geode Capital Management boosted its stake in JMBA in the latest quarter, The investment management firm added 1,062 additional shares and now holds a total of 102,705 shares of Jamba which is valued at $1,040,402.Emerald Acquisition Ltd. reduced its stake in JMBA by selling 83,212 shares or 59.93% in the most recent quarter. The Hedge Fund company now holds 55,635 shares of JMBA which is valued at $564,139.

Jamba opened for trading at $10.09 and hit $10.23 on the upside on Monday, eventually ending the session at $10.11, with a gain of 0.40% or 0.04 points. The heightened volatility saw the trading volume jump to 1,63,459 shares. Company has a market cap of $155 M.

On the company’s financial health, Jamba reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Nov 4, 2016. Analyst had a consensus of $0.15. The company had revenue of $22.10 million for the quarter, compared to analysts expectations of $22.16 million. The company’s revenue was down -37.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 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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