Deutsche Bank Aktiengesellschaft began coverage on shares of Jersey Mike’s (NYSE:JMKE – Free Report) in a research report report published on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $27.00 target price on the stock.
JMKE has been the subject of several other research reports. Jefferies Financial Group began coverage on shares of Jersey Mike’s in a report on Monday. They issued a “buy” rating and a $29.00 target price for the company. Sanford C. Bernstein initiated coverage on shares of Jersey Mike’s in a research report on Monday. They issued a “market perform” rating and a $26.00 price target for the company. Wolfe Research initiated coverage on shares of Jersey Mike’s in a research note on Monday. They issued a “peer perform” rating for the company. Morgan Stanley started coverage on Jersey Mike’s in a report on Monday. They issued an “overweight” rating and a $29.00 target price for the company. Finally, Raymond James Financial began coverage on Jersey Mike’s in a research report on Monday. They issued an “outperform” rating and a $29.00 target price for the company. Twenty-one analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.35.
Read Our Latest Report on Jersey Mike’s
Jersey Mike’s Trading Up 0.7%
Insider Activity at Jersey Mike’s
In other Jersey Mike’s news, COO Stacy Peterson bought 15,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was 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 of the company’s stock, valued at approximately $345,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Abu Dhabi Investment Authority sold 4,411,064 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $21.85, for a total transaction of $96,381,748.40. Following the sale, the insider owned 36,114,272 shares of the company’s stock, valued at $789,096,843.20. This trade represents a 10.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders bought 31,584 shares of company stock worth $726,432 and sold 9,556,184 shares worth $208,802,620.
Trending Headlines about Jersey Mike’s
Here are the key news stories impacting Jersey Mike’s this week:
- Positive Sentiment: Several firms initiated coverage with favorable views. Tigress Financial and Jefferies assigned “buy” ratings with $29 price targets, while Raymond James and RBC issued “moderate buy” ratings with targets of $29 and $28, respectively. These targets imply meaningful upside from recent trading levels. Benzinga analyst coverage reports
- Positive Sentiment: The initial coverage campaign includes major firms such as Morgan Stanley, Deutsche Bank, Mizuho, Stifel, TD Cowen, Piper Sandler, Baird, BTIG, Bernstein, Guggenheim and Truist. The concentrated analyst attention may improve institutional awareness and support the stock’s valuation. Jersey Mike’s analyst coverage reports
- Positive Sentiment: Goldman Sachs set a $26 target with a “neutral” rating, and Wells Fargo set a $25 target with an “equal weight” rating. Although less bullish, both targets remain above recent trading levels and establish valuation support. Goldman Sachs and Wells Fargo coverage
- Neutral Sentiment: Analysts have suggested Jersey Mike’s could eventually challenge Subway as the leading sandwich chain, reinforcing the company’s growth narrative, but the claim is prospective rather than a new operating or financial announcement. Jersey Mike’s could overtake Subway article
- Negative Sentiment: Blackstone II Holdings L.P. and Submarine Buyer LLC each reported selling 2,572,560 shares at an average price of $21.85, reducing their positions by 94.71%. The transactions totaled about $56.2 million per filing and could pressure the stock or raise concerns about insider confidence. SEC shareholder sale filing
- Negative Sentiment: Short interest rose 92.2% to 5.57 million shares as of August 14. While the short ratio remains only 1.6 days and 1.4% of shares are short, the increase signals growing bearish positioning.
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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