Jersey Mike’s (NYSE:JMKE – Get Free Report) had its price objective dropped by stock analysts at Guggenheim from $29.00 to $28.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim‘s price target indicates a potential upside of 49.00% from the company’s previous close.
Several other equities analysts also recently commented on JMKE. Jefferies Financial Group decreased their price target on shares of Jersey Mike’s from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Evercore began coverage on shares of Jersey Mike’s in a research note on Monday, August 24th. They issued an “outperform” rating and a $28.00 price objective for the company. BTIG Research cut their price objective on shares of Jersey Mike’s from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Raymond James Financial lowered their price objective on Jersey Mike’s from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Finally, Piper Sandler began coverage on shares of Jersey Mike’s in a report on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price on the stock. Twenty-one analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Jersey Mike’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.91.
View Our Latest Stock Analysis on JMKE
Jersey Mike’s Stock Performance
JMKE opened at $18.79 on Tuesday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average price of $18.92. Jersey Mike’s has a 1 year low of $15.96 and a 1 year high of $24.99.
Jersey Mike’s (NYSE:JMKE – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $209.00 million for the quarter. The company’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Jersey Mike’s will post 0.65 EPS for the current year.
Insider Buying and Selling at Jersey Mike’s
In other news, major shareholder Submarine Buyer Llc sold 2,572,560 shares of Jersey Mike’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 directly owned 143,699 shares of the company’s stock, valued at approximately $3,139,823.15. This trade represents a 94.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of Jersey Mike’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total value of $56,210,436.00. Following the sale, the insider directly owned 143,699 shares in the company, valued at $3,139,823.15. The trade was a 94.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 5,527,254 shares of company stock worth $120,770,500.
Jersey Mike’s Company Profile
Jersey Mike’s, commonly known as Jersey Mike’s Subs, is a fast-casual restaurant company focused on submarine sandwiches and related food offerings. Its menu includes hot and cold subs, wraps, salads, beverages and desserts, with catering services also available at many locations.
The business operates primarily through a franchise-based model under the Jersey Mike’s Subs brand. Restaurants are known for preparing sandwiches to order, including sliced meats and cheeses, fresh vegetables and the company’s signature “Mike’s Way” preparation.
Jersey Mike’s traces its roots to 1956, when the original submarine shop opened in Point Pleasant, New Jersey.
See Also
- Five stocks we like better than Jersey Mike’s
- Check Point’s Turnaround Could Be Closer Than Investors Think
- SpaceX Sent Verizon and T-Mobile Stocks Tumbling—Did Wall Street Overreact?
- SpaceX Starlink’s Telecom Ground Game Takes Shape
- AST SpaceMobile’s Brazil Breakthrough Could Set the Stage for a Q3 Stock Rebound
Receive News & Ratings for Jersey Mike's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jersey Mike's and related companies with MarketBeat.com's FREE daily email newsletter.
