Jersey Mike’s (NYSE:JMKE – Get Free Report) was upgraded by Jefferies Financial Group to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.
JMKE has been the subject of a number of other reports. Piper Sandler initiated coverage on shares of Jersey Mike’s in a research report on Monday. They issued an “overweight” rating and a $29.00 target price for the company. Bank of America began coverage on shares of Jersey Mike’s in a research report on Monday. They set a “buy” rating and a $27.00 price target on the stock. TD Cowen assumed coverage on shares of Jersey Mike’s in a report on Monday. They issued a “buy” rating and a $26.00 price objective for the company. Guggenheim started coverage on shares of Jersey Mike’s in a research note on Monday. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Evercore began coverage on shares of Jersey Mike’s in a research note on Monday. They issued an “outperform” rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Jersey Mike’s currently has an average rating of “Moderate Buy” and a consensus price target of $28.43.
Get Our Latest Stock Report on JMKE
Jersey Mike’s Price Performance
Insider Activity
In other news, CFO Michele Allen acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $23.00 per share, with a total value of $230,000.00. Following the completion of the acquisition, the chief financial officer owned 10,043 shares of the company’s stock, valued at $230,989. This trade represents a 23,255.81% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Stacy Peterson acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of $23.00 per share, with a total value of $345,000.00. Following the completion of the transaction, the chief operating officer owned 15,000 shares of the company’s stock, valued at $345,000. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 31,584 shares of company stock worth $726,432.
More Jersey Mike’s News
Here are the key news stories impacting Jersey Mike’s this week:
- Positive Sentiment: Wall Street analysts overwhelmingly initiated coverage with bullish ratings. Jefferies, UBS and Bank of America each assigned a Buy rating, with price targets of $29, $28 and $27, respectively. Jersey Mike’s gets initial Buy ratings across major banks
- Positive Sentiment: Additional firms—including Truist, Mizuho, Piper Sandler, Morgan Stanley, Loop Capital and Evercore—also issued Buy, Outperform or Overweight ratings. Published targets ranged from $26 to $40, all above the company’s recent trading level, signaling substantial expected upside.
- Positive Sentiment: Analysts highlighted Jersey Mike’s scalable, high-margin franchise model, strong same-store sales potential and a long runway for domestic and international restaurant expansion. Bank of America also cited visible drivers for continued market-share gains. Jersey Mike’s Subs Has Visible Same-Store Sales Drivers for Continued Share Gains
- Positive Sentiment: UBS pointed to the company’s solid operating track record and sizable growth opportunity, while other analysts suggested Jersey Mike’s could eventually challenge Subway’s position as the leading sandwich chain. Jersey Mike’s Subs Has Solid Track Record, Facing Sizable Growth
- Neutral Sentiment: The concentration of new ratings immediately after the IPO quiet period may have already been anticipated by investors, potentially limiting the short-term reaction. JMKE remains a newly public company, so trading volatility and valuation sensitivity are likely to remain elevated.
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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