Jersey Mike’s (NYSE:JMKE) Given Buy Rating at TD Cowen

Jersey Mike’s (NYSE:JMKE)‘s stock had its “buy” rating reaffirmed by analysts at TD Cowen in a research note issued on Wednesday, Benzinga reports. They presently have a $26.00 price objective on the stock. TD Cowen’s price objective suggests a potential upside of 24.87% from the stock’s previous close.

A number of other research firms also recently commented on JMKE. Wall Street Zen downgraded Jersey Mike’s from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group set a $27.00 price target on Jersey Mike’s and gave the company a “buy” rating in a research report on Monday, August 24th. Piper Sandler began coverage on Jersey Mike’s in a research note on Monday, August 24th. They set an “overweight” rating and a $29.00 price target for the company. Loop Capital started coverage on shares of Jersey Mike’s in a research note on Monday, August 24th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Tigress Financial started coverage on shares of Jersey Mike’s in a research report on Wednesday, August 26th. They set a “buy” rating and a $29.00 target price for the company. Twenty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.35.

Jersey Mike’s Trading Up 0.2%

Shares of NYSE:JMKE opened at $20.82 on Wednesday. Jersey Mike’s has a 12 month low of $19.86 and a 12 month high of $24.99.

Insiders Place Their Bets

In other Jersey Mike’s news, COO Stacy Peterson acquired 15,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $23.00 per share, with a total value of $345,000.00. Following the completion of the transaction, the chief operating officer directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total transaction of $56,210,436.00. Following the completion of the sale, the insider directly owned 143,699 shares of the company’s stock, valued at $3,139,823.15. This trade represents a 94.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have bought 31,584 shares of company stock valued at $726,432 and have sold 9,938,318 shares valued at $217,152,248.

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.