Jersey Mike’s (NYSE:JMKE – Get Free Report) CAO James Whalen purchased 2,500 shares of the stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $57,500.00. Following the acquisition, the chief accounting officer directly owned 2,500 shares of the company’s stock, valued at approximately $57,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jersey Mike’s Stock Down 0.2%
Shares of NYSE JMKE opened at $23.23 on Thursday. Jersey Mike’s has a 1 year low of $20.63 and a 1 year high of $24.99.
Analysts Set New Price Targets
Separately, Melius Research started coverage on Jersey Mike’s in a research note on Thursday, July 30th. They issued a “buy” rating and a $30.00 price target for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $30.00.
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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