Jersey Mike’s (NYSE:JMKE – Get Free Report) COO Stacy Peterson acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $23.00 per share, for a total transaction of $345,000.00. Following the acquisition, the chief operating officer owned 15,000 shares of the company’s stock, valued at $345,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Jersey Mike’s Stock Performance
JMKE traded down $1.24 on Tuesday, hitting $23.23. 4,789,280 shares of the company were exchanged, compared to its average volume of 7,498,739. Jersey Mike’s has a fifty-two week low of $20.63 and a fifty-two week high of $24.99.
Analyst Upgrades and Downgrades
Separately, Melius Research began coverage on Jersey Mike’s in a report on Thursday, July 30th. They issued a “buy” rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $30.00.
About Jersey Mike’s
We are Jersey Mike’s: A high-growth franchisor of fast casual, submarine-style sandwich restaurants specializing in authentic, hand-crafted, craveable subs. Built over 70 years on one uncompromising belief – that a truly great sub sandwich can change your day and that a truly great brand changes its community – Jersey Mike’s is now one of the largest and fastest-growing limited-service restaurant brands based on U.S. systemwide sales and unit growth, with 3,300 stores across all 50 states and two countries – nearly all of which are franchised.
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