In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Jamba Inc. (NASDAQ:JMBA) reported that Engaged Capital has picked up 2,466,047 of common stock as of 2017-03-20.
The acquisition brings the aggregate amount owned by Engaged Capital to a total of 2,466,047 representing a 16.1% stake in the company.
For those not familiar with the company, Jamba, Inc. is a restaurant retailer of specialty food and beverage offerings. The Company operates through retail segment. The Company’s offerings include whole fruit smoothies, squeezed juices and juice blends, Energy Bowls, and a range of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads, baked goods and snacks. The Company, through its subsidiary, Jamba Juice Company, operates a lifestyle brand. The Company has a global business driven by a portfolio of franchised and company-owned Jamba Juice stores, and licensed JambaGO and Jamba Juice Express formats. The Company has approximately 890 Jamba Juice stores globally, consisting of over 70 company-owned and operated stores, all located in the United States (Company Stores), approximately 740 franchisee-owned and operated stores (Franchise Stores) in the United States, and over 70 Franchise Stores in international locations (International Stores), collectively the (Jamba System).
A glance at Jamba Inc. (NASDAQ:JMBA)’s key stats reveals a current market capitalization of 146.42 Million based on 15.33 Million shares outstanding and a price at last close of $9.59 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-16, Welling picked up 7,600 at a purchase price of $9.85. This brings their total holding to 2,466,047 as of the date of the filing.
On the sell side, the most recent transaction saw Joliff unload 1,031 shares at a sale price of $9.90. This brings their total holding to 19,238.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Jamba Inc. (NASDAQ:JMBA) as things move forward to see if its progress aligns with these transactions.
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