|Written by GSCR Staff|
|Wednesday, 27 February 2013 08:47|
Anyone who has been to a mall across this country is familiar with Jamba Juice (NASDAQ – JMBA - $2.72). For those who are not familiar with Jamba, it is a specialty beverage products retailer that operates over 750 stores nationwide. Jamba’s products include fruit smoothies, squeezed juices, hot teas, hot oatmeal made with organic steel cut oats, fruit and veggie smoothies, Fit’n Fruitful smoothies with Weight Burner Boost, Whirl’ns frozen yogurt, breakfast wraps, side salads, sandwiches, California Flatbreads, and various baked goods and snacks. Additionally, the company licenses its brand through several retail grocery and convenient store channels.
The Company continues to innovate with new products and aggressively pursue new markets for growth such as the recently introduced Fit’n Fruitful smoothies mentioned above. These drinks are caffeine-free and pre-boosted with Jamba Juice's Lean Advantage Boost™, which helps support long-term weight management by reducing body fat and promoting lean muscle mass. In January, Jamba entered the Kansas and Missouri markets with a deal with ShowMe Smoothie, LLC to open 15 new stores in the two states over the next nine years. Finally, the Company has partnered with Facebook (NASDAQ – FB) in the offering of gift cards on the social network site.
The stock has steadily climbed from $1.82 before Thanksgiving to the upper $2.00 range while recording higher average daily trading volume. That tells us the stock is under some serious accumulation.
Jamba is slated to release its 4Q12 and 2012 results on March 5. Good results could trigger a pop. With what appears to be the wind at its back while entering the important spring/summer seasons, investors should be juiced about JMBA’s prospects and we see $3.50 as a target in early 2Q13.
Have a great day!
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