Guggenheim Forecasts Strong Price Appreciation for Jersey Mike’s (NYSE:JMKE) Stock

Posted by George Bondi on Sep 11th, 2026

Jersey Mike’s (NYSE:JMKE – Get Free Report) had its price objective lifted by stock analysts at Guggenheim from $28.00 to $29.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective points to a potential upside of 31.04% from the company’s previous close.

JMKE has been the subject of a number of other research reports. Piper Sandler began coverage on shares of Jersey Mike’s in a research report on Monday, August 24th. They set an “overweight” rating and a $29.00 target price for the company. Mizuho dropped their price target on shares of Jersey Mike’s from $31.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday. UBS Group restated a “buy” rating on shares of Jersey Mike’s in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Jersey Mike’s in a report on Monday, August 24th. They issued an “overweight” rating and a $26.00 price objective for the company. Finally, Raymond James Financial began coverage on shares of Jersey Mike’s in a report on Monday, August 24th. They set an “outperform” rating and a $29.00 target price on the stock. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.48.

Check Out Our Latest Research Report on JMKE

Jersey Mike’s Stock Performance

Shares of JMKE opened at $22.13 on Friday. Jersey Mike’s has a fifty-two week low of $19.86 and a fifty-two week high of $24.99.

Insider Buying and Selling

In other Jersey Mike’s news, COO Stacy Peterson acquired 15,000 shares of the stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $23.00 per share, for a total transaction of $345,000.00. Following the acquisition, the chief operating officer owned 15,000 shares in the company, valued at $345,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Submarine Buyer Llc sold 2,572,560 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total transaction of $56,210,436.00. Following the completion of the sale, the insider directly owned 143,699 shares of the company’s stock, valued at $3,139,823.15. This trade represents a 94.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 31,584 shares of company stock worth $726,432 and have sold 9,938,318 shares worth $217,152,248.

Key Headlines Impacting Jersey Mike’s

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

Positive Sentiment: Strong Q2 earnings and guidance: Jersey Mike’s reported revenue of $208 million, up 10% year over year and roughly in line with expectations, while adjusted profit exceeded estimates. Same-store sales increased 2.3%, systemwide sales rose 10% to $1.21 billion, and the company opened 83 stores. Management projected 2.5%–3.0% full-year same-store sales growth and 3.0%–4.0% growth in the current quarter, supporting the recent share-price advance. Jersey Mike’s profit beats estimates, shares jump on strong guidance
Positive Sentiment: Analyst support remains broad: Bank of America raised its target to $29 and kept a Buy rating; RBC lifted its target to $29 with an Outperform rating; BTIG reaffirmed Buy with a $28 target; and Bernstein raised its target to $27. TD Cowen also reiterated its Buy rating, reinforcing investor confidence in the company’s growth runway. TD Cowen Remains a Buy on Jersey Mike’s Subs
Positive Sentiment: Bullish options activity: Traders purchased approximately 4,490 call options, about 171% above typical volume, signaling increased speculative interest in further gains. Similar high-volume call activity was reported again in the latest session. Stock Traders Buy High Volume of Call Options on Jersey Mike’s
Neutral Sentiment: Mixed valuation signals: Mizuho lowered its price target from $31 to $29 but retained an Outperform rating, suggesting expectations remain favorable despite a more cautious valuation outlook.
Negative Sentiment: Insider selling is a risk factor: Recent filings show large sales by Blackstone-related entities and Abu Dhabi Investment Authority, with no reported insider purchases over the past six months. These transactions could limit upside or raise concerns about shareholder selling pressure.

Jersey Mike’s Company Profile

(Get Free Report)

Jersey Mike’s is a fast-casual restaurant company specializing in made-to-order submarine sandwiches. Its menu includes cold subs, cheesesteaks, wraps, salads, sides and beverages, with sandwiches prepared using sliced-to-order meats and cheeses, fresh vegetables and the company’s signature “Mike’s Way” dressing of onions, lettuce, tomatoes, vinegar and olive oil.

The business traces its roots to a neighborhood sub shop in Point Pleasant, New Jersey, which was established in 1956. Peter Cancro acquired the shop as a teenager in 1971 and developed it into the Jersey Mike’s brand.