Jamba (NASDAQ:JMBA) Still In Early Stage of Transition

While Jamba (NASDAQ:JMBA) appears to have a lot going for it in reference to its brand, they are still in the early stages of a transition period which should ultimately bring rewards to shareholders.

Canaccord says, "We maintain our rating and continue to believe that Jamba has the brand, the management and the strategic operating model to deliver an efficient and profitable company...After rallying on its first positive comparable store sales report in years, the shares appear to have weakened this week as McDonald’s began its oatmeal advertising campaign. While McDonald’s smoothie launch last summer hit comps, the impact was short lived and oatmeal isn’t smoothies...JMBA’s transition is still relatively early stage. The income statement impact of key objectives is still uncertain, and unit sales trends must further improve."

Canaccord Genuity reiterates a "Buy" rating on Jamba (JMBA), which closed Thursday at $2.31, down $0.04, or 1.70 percent. Canaccord has a price target on Jamba of $3.50.