Jersey Mike’s (NYSE:JMKE – Get Free Report) Chairman Nigel Travis bought 1,084 shares of the business’s stock in a transaction on Friday, July 31st. The stock was bought at an average price of $23.00 per share, with a total value of $24,932.00. Following the transaction, the chairman owned 650 shares in the company, valued at approximately $14,950. This represents a -249.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Jersey Mike’s Price Performance
Shares of NYSE:JMKE opened at $23.23 on Thursday. Jersey Mike’s has a 12-month low of $20.63 and a 12-month high of $24.99.
Wall Street Analysts Forecast Growth
Separately, Melius Research started coverage on Jersey Mike’s in a research report on Thursday, July 30th. They set a “buy” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently 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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