Roth Capital Retains Neutral On Jamba Following 2Q14 Results; Raises PT To $13


Roth Capital analyst Anton Brenner yesterday issued a note in which he reitained a Neutral rating on Jamba (JMBA) and raised his price target to $13 (from $11.75), following the company’s second-quarter earnings results.

Brenner noted, “Jamba reported a 4.3% decline in revenues in Q2 to $64.4MM. Non-GAAP EPS equaled $0.44 vs. $0.36, below our $0.41 estimate. Pro-forma EPS excludes one-time expenses associated with the rollout of the fresh juice platform. He continued, “Jamba’s juice platform rollout is being accelerated as management is increasingly confident it will bolster per-store sales. The company is more aggressively pursuing an asset-light strategy, continuing to refranchise stores, eliminate a CPG effort and shrink corporate overhead. In our view, it remains to be seen whether the shift to juice can reduce the extreme seasonality of Jamba’s business and therefore significantly bolster income”.

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Anton Brenner has a total average return of 10.1% and a 55.0% success rate. Brenner is ranked #835 out of 3205 analysts.

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