Deutsche Bank Aktiengesellschaft Begins Coverage on Jersey Mike’s (NYSE:JMKE)

Stock analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $27.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 13.45% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Wells Fargo & Company began coverage on shares of Jersey Mike’s in a report on Monday. They issued an “equal weight” rating and a $25.00 target price on the stock. Royal Bank Of Canada assumed coverage on shares of Jersey Mike’s in a report on Monday. They set an “outperform” rating and a $28.00 price target for the company. Wolfe Research initiated coverage on shares of Jersey Mike’s in a research report on Monday. They issued a “peer perform” rating for the company. Piper Sandler began coverage on shares of Jersey Mike’s in a research note on Monday. They set an “overweight” rating and a $29.00 price objective on the stock. Finally, Evercore initiated coverage on shares of Jersey Mike’s in a research report on Monday. They set an “outperform” rating and a $28.00 target price on the stock. Twenty investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.43.

Jersey Mike’s Price Performance

JMKE opened at $23.80 on Monday. Jersey Mike’s has a 52 week low of $20.63 and a 52 week high of $24.99.

Insiders Place Their Bets

In related news, COO Stacy Peterson bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $23.00 per share, with a total value of $345,000.00. Following the completion of the transaction, the chief operating officer owned 15,000 shares of the company’s stock, valued at approximately $345,000. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michele Allen bought 3,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $23.00 per share, with a total value of $69,000.00. Following the completion of the acquisition, the chief financial officer owned 1,500 shares of the company’s stock, valued at $34,500. This trade represents a -200.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 31,584 shares of company stock worth $726,432 over the last 90 days.

Jersey Mike’s News Summary

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

• Positive Sentiment: Mizuho initiated coverage with an “outperform” rating and a $31 price target, implying approximately 30% potential upside. Benzinga article
• Positive Sentiment: Piper Sandler and Morgan Stanley each rated the stock “overweight” and set $29 price targets, implying roughly 22% upside. Benzinga article
• Positive Sentiment: BTIG Research initiated coverage with a “buy” rating and a $28 target, while Evercore assigned an “outperform” rating with the same target. Benzinga article
• Positive Sentiment: Stifel Nicolaus and Robert W. Baird both issued positive ratings and $27 price targets. Benzinga article
• Neutral Sentiment: Bernstein rated Jersey Mike’s “market perform,” while TD Cowen rated it “buy”; both set $26 targets, the lowest among the new estimates. Benzinga article

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.