Jamba, Inc. (NASDAQ:JMBA) , maker of famous fruit smoothies, was reiterated in a BUY rating at Wedbush Morgan. Analysts at the firm set the 12 month price target to $13. Some gleanings from their research note published Wednesday morning:
1.The company is expected to witness easier comparisons going forward due to favorable weather comparisons and also an estimated 5% price hike in late-January would be a positive.
2.The analysts expect Jamaba's earnings growth to be primarily driven by unit-level EBITDA margins of about 20% and unit growth of more than 20% going forward.
3.The analysts mention that Jamba has indicated that its same-store sales would be volatile in the near term.
On Tuesday, March, 27th the company announced it will conduct an earnings conference call to discuss financial results for the period ending January 9, 2007 on April 3, 2007 at 8:30 a.m. ET.
Disclosure: Mahesh Reddy (who is unaffiliated with Wedbush Morgan) has a long position in JMBA
JMBA 1-yr chart