Jersey Mike’s (NYSE:JMKE) Chairman Nigel Travis Acquires 1,084 Shares

Jersey Mike’s (NYSE:JMKE) Chairman Nigel Travis bought 1,084 shares of the stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $23.00 per share, for a total transaction of $24,932.00. Following the acquisition, the chairman owned 650 shares in the company, valued at $14,950. The trade was a -249.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Jersey Mike’s Price Performance

Shares of Jersey Mike’s stock opened at $23.23 on Wednesday. Jersey Mike’s has a 12-month low of $20.63 and a 12-month high of $24.99.

Analyst Ratings Changes

Separately, Melius Research began coverage on shares of 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. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.