Jersey Mike’s (NYSE:JMKE) Earns Outperform Rating from Analysts at Mizuho

Mizuho began coverage on shares of Jersey Mike’s (NYSE:JMKE) in a report issued on Monday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $31.00 target price on the stock.

A number of other brokerages have also weighed in on JMKE. Melius Research initiated coverage on shares of Jersey Mike’s in a research report on Thursday, July 30th. They set a “buy” rating and a $30.00 target price for the company. Stifel Nicolaus initiated coverage on shares of Jersey Mike’s in a research report on Monday. They issued a “buy” rating and a $27.00 price target on the stock. Wells Fargo & Company started coverage on shares of Jersey Mike’s in a research note on Monday. They set an “equal weight” rating and a $25.00 price target on the stock. Royal Bank Of Canada began coverage on shares of Jersey Mike’s in a report on Monday. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Jersey Mike’s to a “hold” rating in a research note on Saturday, August 8th. Twenty-one equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.35.

Jersey Mike’s Stock Performance

Shares of JMKE opened at $22.36 on Monday. Jersey Mike’s has a fifty-two week low of $20.63 and a fifty-two week high of $24.99.

Insiders Place Their Bets

In related news, COO Stacy Peterson bought 15,000 shares of Jersey Mike’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of $23.00 per share, with a total value of $345,000.00. Following the acquisition, the chief operating officer directly owned 15,000 shares of the company’s stock, valued at $345,000. This represents a ∞ 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, major shareholder Abu Dhabi Investment Authority sold 4,411,064 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $21.85, for a total value of $96,381,748.40. Following the sale, the insider owned 36,114,272 shares in the company, valued at approximately $789,096,843.20. This represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 31,584 shares of company stock worth $726,432 and have sold 9,556,184 shares worth $208,802,620.

Key Headlines Impacting Jersey Mike’s

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

• Positive Sentiment: Several firms initiated coverage with favorable views. Tigress Financial and Jefferies assigned “buy” ratings with $29 price targets, while Raymond James and RBC issued “moderate buy” ratings with targets of $29 and $28, respectively. These targets imply meaningful upside from recent trading levels. Benzinga analyst coverage reports
• Positive Sentiment: The initial coverage campaign includes major firms such as Morgan Stanley, Deutsche Bank, Mizuho, Stifel, TD Cowen, Piper Sandler, Baird, BTIG, Bernstein, Guggenheim and Truist. The concentrated analyst attention may improve institutional awareness and support the stock’s valuation. Jersey Mike’s analyst coverage reports
• Positive Sentiment: Goldman Sachs set a $26 target with a “neutral” rating, and Wells Fargo set a $25 target with an “equal weight” rating. Although less bullish, both targets remain above recent trading levels and establish valuation support. Goldman Sachs and Wells Fargo coverage
• Neutral Sentiment: Analysts have suggested Jersey Mike’s could eventually challenge Subway as the leading sandwich chain, reinforcing the company’s growth narrative, but the claim is prospective rather than a new operating or financial announcement. Jersey Mike’s could overtake Subway article
• Negative Sentiment: Blackstone II Holdings L.P. and Submarine Buyer LLC each reported selling 2,572,560 shares at an average price of $21.85, reducing their positions by 94.71%. The transactions totaled about $56.2 million per filing and could pressure the stock or raise concerns about insider confidence. SEC shareholder sale filing
• Negative Sentiment: Short interest rose 92.2% to 5.57 million shares as of August 14. While the short ratio remains only 1.6 days and 1.4% of shares are short, the increase signals growing bearish positioning.

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.