Jersey Mike’s (NYSE:JMKE) Stock Rating Upgraded by Wells Fargo & Company

Jersey Mike’s (NYSE:JMKE) was upgraded by research analysts at Wells Fargo & Company to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other brokerages have also commented on JMKE. JPMorgan Chase & Co. initiated coverage on Jersey Mike’s in a report on Monday. They issued an “overweight” rating and a $26.00 price objective for the company. Mizuho began coverage on Jersey Mike’s in a research note on Monday. They set an “outperform” rating and a $31.00 price target for the company. Bank of America started coverage on shares of Jersey Mike’s in a research report on Monday. They set a “buy” rating and a $27.00 price target for the company. Stifel Nicolaus began coverage on shares of Jersey Mike’s in a research note on Monday. They issued a “buy” rating and a $27.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on shares of Jersey Mike’s in a report on Monday. They issued an “overweight” rating and a $29.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Jersey Mike’s presently has an average rating of “Moderate Buy” and a consensus price target of $28.43.

Jersey Mike’s Price Performance

NYSE:JMKE opened at $23.55 on Monday. Jersey Mike’s has a 12 month low of $20.63 and a 12 month high of $24.99.

Insider Buying and Selling

In other news, CFO Michele Allen bought 10,000 shares of Jersey Mike’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of $23.00 per share, with a total value of $230,000.00. Following the acquisition, the chief financial officer owned 10,043 shares of the company’s stock, valued at $230,989. The trade was a 23,255.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James J. Whalen bought 2,500 shares of Jersey Mike’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average cost of $23.00 per share, with a total value of $57,500.00. Following the completion of the acquisition, the chief accounting officer directly owned 2,500 shares in the company, valued at $57,500. This represents a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 31,584 shares of company stock worth $726,432 over the last ninety days.

Trending Headlines about Jersey Mike’s

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

• Positive Sentiment: Wall Street analysts overwhelmingly initiated coverage with bullish ratings. Jefferies, UBS and Bank of America each assigned a Buy rating, with price targets of $29, $28 and $27, respectively. Jersey Mike’s gets initial Buy ratings across major banks
• Positive Sentiment: Additional firms—including Truist, Mizuho, Piper Sandler, Morgan Stanley, Loop Capital and Evercore—also issued Buy, Outperform or Overweight ratings. Published targets ranged from $26 to $40, all above the company’s recent trading level, signaling substantial expected upside.
• Positive Sentiment: Analysts highlighted Jersey Mike’s scalable, high-margin franchise model, strong same-store sales potential and a long runway for domestic and international restaurant expansion. Bank of America also cited visible drivers for continued market-share gains. Jersey Mike’s Subs Has Visible Same-Store Sales Drivers for Continued Share Gains
• Positive Sentiment: UBS pointed to the company’s solid operating track record and sizable growth opportunity, while other analysts suggested Jersey Mike’s could eventually challenge Subway’s position as the leading sandwich chain. Jersey Mike’s Subs Has Solid Track Record, Facing Sizable Growth
• Neutral Sentiment: The concentration of new ratings immediately after the IPO quiet period may have already been anticipated by investors, potentially limiting the short-term reaction. JMKE remains a newly public company, so trading volatility and valuation sensitivity are likely to remain elevated.

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.