Jersey Mike’s (NYSE:JMKE) Shares Down 4.3% – Time to Sell?

Posted by Brian Himes on Aug 27th, 2026

Shares of Jersey Mike’s (NYSE:JMKE – Get Free Report) traded down 4.3% on Tuesday . The stock traded as low as $22.71 and last traded at $22.5140. 437,316 shares traded hands during trading, a decline of 86% from the average session volume of 3,232,242 shares. The stock had previously closed at $23.53.

More Jersey Mike’s News

Here are the key news stories impacting Jersey Mike’s this week:

Positive Sentiment: Several firms initiated coverage with favorable ratings. Tigress Financial and Jefferies issued “buy” recommendations with $29 price targets, while Raymond James and RBC assigned “moderate buy” ratings with targets of $29 and $28, respectively. These targets imply substantial upside from current levels. Analyst coverage reports
Positive Sentiment: Additional coverage from Morgan Stanley, Deutsche Bank, Mizuho, Stifel, TD Cowen, Piper Sandler, Baird, BTIG, Bernstein, Guggenheim, Truist, Wells Fargo and others increases institutional visibility. MarketBeat data shows a “Moderate Buy” consensus and an average price target of $28.35. Jersey Mike’s analyst coverage
Positive Sentiment: Analysts continue to highlight Jersey Mike’s rapid franchise growth and potential to challenge Subway as a leading sandwich chain, strengthening the long-term expansion narrative. Jersey Mike’s growth outlook
Neutral Sentiment: Zacks Research upgraded Jersey Mike’s to “hold,” providing a more cautious view despite the generally favorable analyst consensus. Zacks rating
Negative Sentiment: Blackstone II Holdings L.P. sold 2,572,560 shares at an average price of $21.85, reducing its position by 94.71% and leaving approximately 143,699 shares. The roughly $56.2 million sale could create selling pressure and raise concerns about a major shareholder’s commitment. SEC shareholder sale filing
Negative Sentiment: Short interest increased 92.2% to 5.57 million shares as of August 14. Although only 1.4% of shares are sold short and the short ratio is 1.6 days, the increase indicates greater bearish positioning.

Analysts Set New Price Targets

Several equities research analysts have commented on JMKE shares. Stifel Nicolaus initiated coverage on shares of Jersey Mike’s in a research report on Monday. They issued a “buy” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Jersey Mike’s in a research note on Monday. They issued an “overweight” rating and a $26.00 price objective on the stock. Tigress Financial began coverage on shares of Jersey Mike’s in a research note on Wednesday. They issued a “buy” rating and a $29.00 price objective on the stock. Wells Fargo & Company started coverage on shares of Jersey Mike’s in a report on Monday. They issued an “equal weight” rating and a $25.00 target price on the stock. Finally, Jefferies Financial Group started coverage on shares of Jersey Mike’s in a research note on Monday. They set a “buy” rating and a $29.00 target price for the company. Twenty-one equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Jersey Mike’s has a consensus rating of “Moderate Buy” and an average price target of $28.35.

Check Out Our Latest Stock Analysis on JMKE

Jersey Mike’s Stock Performance

Insiders Place Their Bets

In other Jersey Mike’s news, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total transaction of $56,210,436.00. Following the sale, the insider owned 143,699 shares in the company, valued at approximately $3,139,823.15. The trade was a 94.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stacy Peterson acquired 15,000 shares of Jersey Mike’s stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $23.00 per share, with a total value of $345,000.00. Following the completion of the purchase, the chief operating officer directly owned 15,000 shares of the company’s stock, valued at approximately $345,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 31,584 shares of company stock worth $726,432 and have sold 9,556,184 shares worth $208,802,620.

Jersey Mike’s Company Profile

(Get Free Report)

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.