Jersey Mike’s (NYSE:JMKE) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein assumed coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research report report published on Monday morning, MarketBeat reports. The brokerage issued a market perform rating and a $26.00 target price on the stock.

Several other research analysts have also commented on the stock. Melius Research started coverage on shares of Jersey Mike’s in a report on Thursday, July 30th. They issued a “buy” rating and a $30.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Jersey Mike’s in a research note on Monday. They issued a “buy” rating and a $29.00 price target for the company. Wall Street Zen upgraded shares of Jersey Mike’s to a “hold” rating in a report on Saturday, August 8th. UBS Group set a $27.00 price objective on Jersey Mike’s and gave the company a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company began coverage on Jersey Mike’s in a report on Monday. They set an “equal weight” rating and a $25.00 target price on the stock. Twenty-one investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.35.

Jersey Mike’s Price Performance

Shares of Jersey Mike’s stock opened at $22.36 on Monday. Jersey Mike’s has a 52 week low of $20.63 and a 52 week high of $24.99.

Insider Buying and Selling at Jersey Mike’s

In other news, major shareholder Submarine Buyer Llc sold 2,572,560 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total value of $56,210,436.00. Following the sale, the insider directly owned 143,699 shares of the company’s stock, valued at approximately $3,139,823.15. This represents a 94.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Stacy Peterson purchased 15,000 shares of Jersey Mike’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 $345,000.00. Following the completion of the acquisition, the chief operating officer directly owned 15,000 shares of the company’s stock, valued at approximately $345,000. This represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 31,584 shares of company stock valued at $726,432 and have sold 9,556,184 shares valued at $208,802,620.

More Jersey Mike’s News

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

• Positive Sentiment: Several firms initiated coverage with favorable views. Tigress Financial and Jefferies assigned “buy” ratings with $29 price targets, while Raymond James and RBC issued “moderate buy” ratings with targets of $29 and $28, respectively. These targets imply meaningful upside from recent trading levels. Benzinga analyst coverage reports
• Positive Sentiment: The initial coverage campaign includes major firms such as Morgan Stanley, Deutsche Bank, Mizuho, Stifel, TD Cowen, Piper Sandler, Baird, BTIG, Bernstein, Guggenheim and Truist. The concentrated analyst attention may improve institutional awareness and support the stock’s valuation. Jersey Mike’s analyst coverage reports
• Positive Sentiment: Goldman Sachs set a $26 target with a “neutral” rating, and Wells Fargo set a $25 target with an “equal weight” rating. Although less bullish, both targets remain above recent trading levels and establish valuation support. Goldman Sachs and Wells Fargo coverage
• Neutral Sentiment: Analysts have suggested Jersey Mike’s could eventually challenge Subway as the leading sandwich chain, reinforcing the company’s growth narrative, but the claim is prospective rather than a new operating or financial announcement. Jersey Mike’s could overtake Subway article
• Negative Sentiment: Blackstone II Holdings L.P. and Submarine Buyer LLC each reported selling 2,572,560 shares at an average price of $21.85, reducing their positions by 94.71%. The transactions totaled about $56.2 million per filing and could pressure the stock or raise concerns about insider confidence. SEC shareholder sale filing
• Negative Sentiment: Short interest rose 92.2% to 5.57 million shares as of August 14. While the short ratio remains only 1.6 days and 1.4% of shares are short, the increase signals growing bearish positioning.

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.