Jersey Mike’s (NYSE:JMKE) Coverage Initiated at Stifel Nicolaus

Research analysts at Stifel Nicolaus began coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research note issued to investors on Monday,Benzinga reports. The firm set a “buy” rating and a $27.00 price target on the stock. Stifel Nicolaus’ target price indicates a potential upside of 13.45% from the stock’s previous close.

JMKE has been the subject of several other reports. Melius Research began coverage on Jersey Mike’s in a research note on Thursday, July 30th. They set a “buy” rating and a $30.00 price objective for the company. UBS Group set a $27.00 price target on Jersey Mike’s in a report on Monday. Sanford C. Bernstein assumed coverage on shares of Jersey Mike’s in a research note on Monday. They issued a “market perform” rating and a $26.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Jersey Mike’s in a research note on Monday. They issued a “positive” rating on the stock. Finally, Wolfe Research initiated coverage on shares of Jersey Mike’s in a research note on Monday. They issued a “peer perform” rating for the company. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Jersey Mike’s has a consensus rating of “Moderate Buy” and a consensus price target of $27.77.

Jersey Mike’s Price Performance

NYSE JMKE opened at $23.80 on Monday. Jersey Mike’s has a one year low of $20.63 and a one year high of $24.99.

Insiders Place Their Bets

In other Jersey Mike’s news, CFO Michele Allen purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the purchase, 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. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO James J. Whalen acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $57,500.00. Following the acquisition, the chief accounting officer directly owned 2,500 shares of the company’s stock, valued at $57,500. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 31,584 shares of company stock valued at $726,432.

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.