Jersey Mike’s (NYSE:JMKE) Research Coverage Started at Robert W. Baird

Robert W. Baird began coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research report sent to investors on Monday, MarketBeat.com reports. The brokerage issued an outperform rating and a $27.00 target price on the stock.

Several other research firms have also recently commented on JMKE. TD Cowen began coverage on shares of Jersey Mike’s in a research report on Monday. They issued a “buy” rating and a $26.00 target price for the company. Stifel Nicolaus initiated coverage on Jersey Mike’s in a report on Monday. They set a “buy” rating and a $27.00 price target on the stock. Sanford C. Bernstein began coverage on Jersey Mike’s in a research report on Monday. They set a “market perform” rating and a $26.00 price objective for the company. Royal Bank Of Canada began coverage on Jersey Mike’s in a report on Monday. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, Morgan Stanley assumed coverage on Jersey Mike’s in a research report on Monday. They issued an “overweight” rating and a $29.00 target price on the stock. Twenty-one investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.35.

Jersey Mike’s Stock Performance

Jersey Mike’s stock opened at $22.36 on Monday. Jersey Mike’s has a one year low of $20.63 and a one year high of $24.99.

Insider Buying and Selling at Jersey Mike’s

In related news, major shareholder Abu Dhabi Investment Authority sold 4,411,064 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $21.85, for a total transaction of $96,381,748.40. Following the transaction, the insider owned 36,114,272 shares in the company, valued at $789,096,843.20. This trade represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total value of $56,210,436.00. Following the sale, the insider directly owned 143,699 shares in the company, valued at approximately $3,139,823.15. The trade was a 94.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 31,584 shares of company stock valued at $726,432 and have sold 9,556,184 shares valued at $208,802,620.

Key Stories 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.

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.