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

Jersey Mike’s (NYSE:JMKE)‘s stock had its “buy” rating reaffirmed by equities researchers at BTIG Research in a research report issued on Thursday, Benzinga reports. They presently have a $28.00 target price on the stock. BTIG Research’s target price would indicate a potential upside of 24.67% from the company’s current price.

JMKE has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft started coverage on Jersey Mike’s in a research note on Monday, August 24th. They set a “buy” rating and a $27.00 price target for the company. Tigress Financial started coverage on Jersey Mike’s in a research report on Wednesday, August 26th. They set a “buy” rating and a $29.00 target price on the stock. Truist Financial assumed coverage on Jersey Mike’s in a research report on Monday, August 24th. They issued a “buy” rating and a $30.00 price target for the company. Evercore initiated coverage on Jersey Mike’s in a research note on Monday, August 24th. They set an “outperform” rating and a $28.00 price objective on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Jersey Mike’s in a report on Wednesday. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.43.

Jersey Mike’s Stock Performance

NYSE:JMKE opened at $22.46 on Thursday. Jersey Mike’s has a one year low of $19.86 and a one year high of $24.99.

Insider Activity at Jersey Mike’s

In related news, major shareholder Submarine Buyer Llc sold 2,572,560 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total transaction of $56,210,436.00. Following the completion of the sale, the insider owned 143,699 shares in the company, valued at approximately $3,139,823.15. This trade represents a 94.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Stacy Peterson bought 15,000 shares of the company’s stock in a transaction on Friday, July 31st. The stock was bought at an average price of $23.00 per share, for a total transaction of $345,000.00. Following the completion of the purchase, the chief operating officer owned 15,000 shares of the company’s stock, valued at approximately $345,000. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 31,584 shares of company stock valued at $726,432 and have sold 9,938,318 shares valued at $217,152,248.

Trending Headlines about Jersey Mike’s

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

• Positive Sentiment: Second-quarter systemwide sales rose 10% to $1.21 billion, while revenue increased 10% to $208 million. Same-store sales grew 2.3%, primarily because of higher transactions, and digital sales improved to 43% of sales from 41%. Jersey Mike’s Reports Second Quarter Financial Results
• Positive Sentiment: Jersey Mike’s opened 83 locations during the quarter, producing 8.1% year-over-year net unit growth. The expansion supports the bullish view that the company has a sizable long-term growth runway. Why Jersey Mike’s Stock Jumped Today
• Positive Sentiment: Management expects same-store sales to grow 2.5% to 3.0% for the full year and 3.0% to 4.0% in the third quarter. Adjusted profit also exceeded estimates, helping reinforce the positive reaction. TD Cowen reaffirmed its Buy rating with a $26 price target. Jersey Mike’s profit beats estimates, shares jump on strong guidance
• Neutral Sentiment: Unusually high call-option activity indicated heightened bullish speculation, with 4,490 calls purchased—171% above typical daily volume—but options activity is not a guarantee of sustained gains.
• Negative Sentiment: Revenue slightly missed analysts’ $209 million forecast, and net income declined from the prior-year period. Some analysts believe the growth opportunity is attractive but prefer to wait for a more favorable valuation or clearer execution. Jersey Mike’s: Growth Runway Is Real, But I Prefer To Wait
• Negative Sentiment: Reported insider activity showed selling rather than open-market purchases, including substantial sales by investment holders. That may temper enthusiasm around the earnings-driven rally.

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.