Stock analysts at Sanford C. Bernstein initiated coverage on shares of Jersey Mike’s (NYSE:JMKE – Get Free Report) in a research note issued on Monday,Benzinga reports. The brokerage set a “market perform” rating and a $26.00 price target on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 9.24% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada assumed coverage on shares of Jersey Mike’s in a research note on Monday. They issued an “outperform” rating and a $28.00 target price on the stock. Jefferies Financial Group started coverage on Jersey Mike’s in a report on Monday. They issued a “positive” rating for the company. Wolfe Research began coverage on Jersey Mike’s in a research report on Monday. They issued a “peer perform” rating on the stock. Melius Research started coverage on Jersey Mike’s in a research note on Thursday, July 30th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, UBS Group set a $27.00 target price on Jersey Mike’s in a research report on Monday. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jersey Mike’s has a consensus rating of “Moderate Buy” and a consensus price target of $27.77.
Get Our Latest Stock Report on JMKE
Jersey Mike’s Price Performance
Insider Activity
In other news, COO Stacy Peterson purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of $23.00 per share, with a total value of $345,000.00. Following 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michele Allen acquired 10,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the acquisition, the chief financial officer directly owned 10,043 shares in the company, valued at $230,989. This represents a 23,255.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 31,584 shares of company stock valued at $726,432 over the last ninety days.
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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