Insider Buying: Jersey Mike’s (NYSE:JMKE) Chairman Purchases $24,932.00 in Stock

Jersey Mike’s (NYSE:JMKE) Chairman Nigel Travis acquired 1,084 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average cost of $23.00 per share, for a total transaction of $24,932.00. Following the acquisition, the chairman owned 650 shares in the company, valued at approximately $14,950. This trade represents a -249.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Jersey Mike’s Price Performance

Jersey Mike’s stock opened at $22.75 on Friday. Jersey Mike’s has a 52-week low of $20.63 and a 52-week high of $24.99.

Analysts Set New Price Targets

Separately, Melius Research started coverage on Jersey Mike’s in a report on Thursday, July 30th. They set a “buy” rating and a $30.00 price target on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $30.00.

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.