Jersey Mike’s’ (JMKE) Buy Rating Reiterated at BTIG Research

Posted by Brian Himes on Sep 13th, 2026

BTIG Research reiterated their buy rating on shares of Jersey Mike’s (NYSE:JMKE – Free Report) in a research report sent to investors on Thursday morning,Benzinga reports. BTIG Research currently has a $28.00 price objective on the stock.

Several other analysts have also commented on the stock. TD Cowen reissued a “buy” rating and set a $26.00 target price on shares of Jersey Mike’s in a research note on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Jersey Mike’s in a research report on Monday, August 24th. They issued a “buy” rating and a $27.00 price target on the stock. Bank of America upped their price target on Jersey Mike’s from $27.00 to $29.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank Of Canada started coverage on Jersey Mike’s in a research report on Monday, August 24th. They set an “outperform” rating and a $28.00 price objective for the company. Finally, Wells Fargo & Company started coverage on Jersey Mike’s in a report on Monday, August 24th. They issued an “equal weight” rating and a $25.00 target price on the stock. Twenty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.52.

Get Our Latest Research Report on JMKE

Jersey Mike’s Price Performance

NYSE:JMKE opened at $21.65 on Thursday. Jersey Mike’s has a 52-week low of $19.86 and a 52-week high of $24.99.

Insiders Place Their Bets

In other news, COO Stacy Peterson acquired 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was 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 owned 15,000 shares of the company’s stock, valued at approximately $345,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Submarine Buyer Llc sold 2,572,560 shares of Jersey Mike’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders bought 31,584 shares of company stock valued at $726,432 and sold 9,938,318 shares valued at $217,152,248.

Key Stories Impacting Jersey Mike’s

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

Positive Sentiment: Multiple analysts raised price targets. Tigress Financial increased its target to $30 from $29 and maintained a Buy rating. Guggenheim raised its target to $29 from $28, while Royal Bank of Canada lifted its target to $29 from $28. Bank of America also raised its target to $29 from $27. Tigress Financial Adjusts Jersey Mike’s Subs Price Target
Positive Sentiment: Analysts remain constructive after the second-quarter report. BTIG reaffirmed its Buy rating with a $28 target, TD Cowen reiterated Buy, and Bernstein raised its target to $27 while maintaining a Market Perform rating. The revisions reflect confidence in Jersey Mike’s earnings growth and expansion outlook. Analysts Raise Their Forecasts on Jersey Mike’s Subs After Q2 Results
Positive Sentiment: Call-option activity was elevated. Reports of unusually high-volume purchases of JMKE call options indicate that some traders are positioning for further upside, although options activity can be speculative and does not guarantee a sustained rally. Stock Traders Buy High Volume of Call Options on Jersey Mike’s
Neutral Sentiment: Valuation remains a key consideration. Most analysts see substantial upside to targets between $27 and $30, but the stock’s weaker session suggests investors may be digesting the post-earnings outlook rather than immediately rewarding the revisions.
Negative Sentiment: Mizuho reduced its price target to $29 from $31, although it retained an Outperform rating. The cut introduces a more cautious view on near-term upside compared with other analysts.

Jersey Mike’s Company Profile

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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.