Michele Allen Purchases 10,000 Shares of Jersey Mike’s (NYSE:JMKE) Stock

Jersey Mike’s (NYSE:JMKE) CFO Michele Allen acquired 10,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the transaction, the chief financial officer directly owned 10,043 shares of the company’s stock, valued at approximately $230,989. The trade was a 23,255.81% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Michele Allen also recently made the following trade(s):

• On Friday, July 31st, Michele Allen bought 3,000 shares of Jersey Mike’s stock. The stock was purchased at an average price of $23.00 per share, with a total value of $69,000.00.

Jersey Mike’s Price Performance

Jersey Mike’s stock traded down $1.24 during midday trading on Tuesday, reaching $23.23. The stock had a trading volume of 4,789,280 shares, compared to its average volume of 7,498,739. Jersey Mike’s has a 52-week low of $20.63 and a 52-week high of $24.99.

Wall Street Analyst Weigh In

Separately, Melius Research began coverage on Jersey Mike’s in a report on Thursday, July 30th. They issued a “buy” rating and a $30.00 target price for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Jersey Mike’s currently has a consensus rating of “Buy” and a consensus target price of $30.00.

Jersey Mike’s Company Profile

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.