Equities research analysts at BTIG Research assumed coverage on shares of Jersey Mike’s (NYSE:JMKE – Get Free Report) in a research note issued to investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $28.00 price target on the stock. BTIG Research’s price target points to a potential upside of 17.65% from the company’s previous close.
A number of other brokerages have also recently issued reports on JMKE. Melius Research began coverage on shares of Jersey Mike’s in a research report on Thursday, July 30th. They set a “buy” rating and a $30.00 target price for the company. Wells Fargo & Company assumed coverage on Jersey Mike’s in a research note on Monday. They set a “neutral” rating and a $25.00 price objective on the stock. Royal Bank Of Canada began coverage on shares of Jersey Mike’s in a research report on Monday. They issued an “outperform” rating and a $28.00 price objective for the company. Jefferies Financial Group assumed coverage on Jersey Mike’s in a research note on Monday. They set a “positive” rating on the stock. Finally, Sanford C. Bernstein began coverage on Jersey Mike’s in a report on Monday. They issued a “market perform” rating and a $26.00 price target for the company. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Jersey Mike’s has a consensus rating of “Moderate Buy” and a consensus price target of $27.77.
Read Our Latest Analysis on Jersey Mike’s
Jersey Mike’s Stock Performance
Insider Activity
In other Jersey Mike’s news, COO Stacy Peterson purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $23.00 per share, for a total transaction of $345,000.00. Following the completion of the purchase, the chief operating officer owned 15,000 shares in the company, valued at $345,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michele Allen purchased 10,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $23.00 per share, with a total value of $230,000.00. Following the transaction, the chief financial officer directly owned 10,043 shares of the company’s stock, valued at approximately $230,989. This represents a 23,255.81% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 31,584 shares of company stock valued at $726,432.
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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