Jamba, Inc. (JMBA) was a big mover last session, as the company saw its shares rise over 7% on the day. The upside came after the company announced its decision to appoint two new independent board members — James C. Pappas, Managing Member of JCP Investment Management, LLC, and Glenn W. Welling, Managing Member and Chief Investment Officer of Engaged Capital, LLC. This led to more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up more than 20% since Dec 16, 2014.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Jamba currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked restaurant stock is Red Robin Gourmet Burgers Inc. (RRGB) sporting a Zacks Rank #1 (Strong Buy).
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