Jersey Mike’s (NYSE:JMKE) Now Covered by Analysts at Mizuho

Analysts at Mizuho started coverage on shares of Jersey Mike’s (NYSE:JMKE) in a report issued on Monday,Benzinga reports. The firm set an “outperform” rating and a $31.00 price target on the stock. Mizuho’s price objective indicates a potential upside of 30.25% from the stock’s previous close.

A number of other research analysts have also commented on JMKE. Wells Fargo & Company started coverage on Jersey Mike’s in a report on Monday. They set a “neutral” rating and a $25.00 price target on the stock. Piper Sandler started coverage on shares of Jersey Mike’s in a report on Monday. They issued an “overweight” rating and a $29.00 price objective for the company. Melius Research began coverage on shares of Jersey Mike’s in a research report on Thursday, July 30th. They issued a “buy” rating and a $30.00 target price for the company. Stifel Nicolaus began coverage on shares of Jersey Mike’s in a research note on Monday. They set a “buy” rating and a $27.00 target price on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of Jersey Mike’s in a research report on Monday. They set a “market perform” rating and a $26.00 price target on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.77.

Jersey Mike’s Stock Performance

Shares of Jersey Mike’s stock opened at $23.80 on Monday. Jersey Mike’s has a 1-year low of $20.63 and a 1-year high of $24.99.

Insider Transactions at Jersey Mike’s

In other news, CAO James J. Whalen acquired 2,500 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $23.00 per share, with a total value of $57,500.00. Following the purchase, the chief accounting officer owned 2,500 shares of the company’s stock, valued at approximately $57,500. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Abu Dhabi Investment Authority sold 4,411,064 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $21.85, for a total value of $96,381,748.40. Following the completion of the sale, the insider directly owned 36,114,272 shares in the company, valued at $789,096,843.20. This represents a 10.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have purchased a total of 31,584 shares of company stock valued at $726,432 in the last quarter.

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.