Jersey Mike’s (NYSE:JMKE) Stock Gets Price Target Reduction from BTIG Research

Jersey Mike’s (NYSE:JMKE) had its price objective reduced by BTIG Research from $28.00 to $25.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently issued reports on the company. UBS Group set a $25.00 price objective on Jersey Mike’s in a report on Thursday. Evercore began coverage on Jersey Mike’s in a research note on Monday, August 24th. They issued an “outperform” rating and a $28.00 target price for the company. Sanford C. Bernstein upped their price target on Jersey Mike’s from $26.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, September 10th. Robert W. Baird initiated coverage on shares of Jersey Mike’s in a report on Monday, August 24th. They issued an “outperform” rating and a $27.00 price target on the stock. Finally, Bank of America raised their price objective on shares of Jersey Mike’s from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Twenty-one investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.96.

Jersey Mike’s Stock Performance

NYSE:JMKE opened at $18.24 on Thursday. The stock’s fifty day moving average is $19.01. Jersey Mike’s has a 1 year low of $15.96 and a 1 year high of $24.99. The company has a current ratio of 2.81, a quick ratio of 1.82 and a debt-to-equity ratio of 1.15.

Jersey Mike’s (NYSE:JMKE) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $209.00 million during the quarter. Jersey Mike’s’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts expect that Jersey Mike’s will post 0.65 EPS for the current year.

Jersey Mike’s Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be given a $0.35 dividend. The ex-dividend date is Thursday, November 5th.

Insider Buying and Selling

In related news, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of Jersey Mike’s stock in a transaction on Tuesday, August 25th. The stock was 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 of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Abu Dhabi Investment Authority sold 382,134 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total value of $8,349,627.90. Following the transaction, the insider owned 35,732,138 shares of the company’s stock, valued at approximately $780,747,215.30. The trade was a 1.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 5,527,254 shares of company stock worth $120,770,500.

More Jersey Mike’s News

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

• Positive Sentiment: Jersey Mike’s reported third-quarter adjusted earnings of $0.23 per share, above the $0.16 consensus estimate, while revenue reached $209 million, up 10% year over year. Jersey Mike’s Q3 2026 Earnings Call Transcript
• Positive Sentiment: Management expects at least 20% adjusted EBITDA growth in 2026 and authorized a $100 million share-repurchase program, providing potential support for earnings per share and shareholder returns. Jersey Mike’s EBITDA Outlook and Buyback
• Positive Sentiment: Third-quarter same-store sales increased 3% and digital sales represented 43% of total revenue, indicating continued customer demand and progress in digital ordering. Jersey Mike’s Long-Term Investor Takeaways
• Positive Sentiment: The company declared a $0.35-per-share special dividend, payable November 19 to shareholders of record November 5. TD Cowen also reaffirmed its “buy” rating with a $22 price target.
• Neutral Sentiment: Despite the target reductions, several firms continue to recommend the stock: BTIG, Truist and Stifel maintained “buy” ratings, while RBC kept an “outperform” rating.
• Negative Sentiment: Analysts broadly lowered their targets following the earnings release: Bernstein cut its target to $23 and moved to “market perform”; RBC and BTIG reduced targets to $25; Truist cut to $27; Stifel to $25; and Wells Fargo to $21 with an “equal weight” rating. Although these targets remain above the current quotation, the coordinated reductions likely explain the cautious investor reaction. RBC Cuts Jersey Mike’s Price Target

About Jersey Mike’s

Jersey Mike’s, commonly known as Jersey Mike’s Subs, is a fast-casual restaurant company focused on submarine sandwiches and related food offerings. Its menu includes hot and cold subs, wraps, salads, beverages and desserts, with catering services also available at many locations.

The business operates primarily through a franchise-based model under the Jersey Mike’s Subs brand. Restaurants are known for preparing sandwiches to order, including sliced meats and cheeses, fresh vegetables and the company’s signature “Mike’s Way” preparation.

Jersey Mike’s traces its roots to 1956, when the original submarine shop opened in Point Pleasant, New Jersey.