Jamba (JMBA) Misses Q1 EPS by 3c
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Wedbush Reiterates OP on Jamba (JMBA) Following Mixed Q1 Results
May 11, 2015 8:50 AM EDTWedbush reiterates their Outperform rating on Jamba (NASDAQ: JMBA), and maintains a price target of $18.00 following mixed Q1 results. JMBA reported an adjusted EPS loss of $0.06 the consensus of a $0.03 loss. JMBA reported company-owned same-store-sales performance of 6.0%, which came out ahead ahead of Wedbush's 5.2% estimate. JMBA also reiterated FY15 plans for an accelerated re-franchising effort. FY15 plans of 90/10 offered in late April are up from the 80/20 target offered previously.
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