Jersey Mike’s (NYSE:JMKE) Stock Gets Price Target Reduction from Stifel Nicolaus

Jersey Mike’s (NYSE:JMKE) had its price objective lowered by Stifel Nicolaus from $27.00 to $25.00 in a research report report published on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

JMKE has been the subject of a number of other research reports. Weiss Ratings began coverage on Jersey Mike’s in a research report on Monday, October 26th. They set a “sell (d)” rating for the company. Robert W. Baird initiated coverage on shares of Jersey Mike’s in a research report on Monday, August 24th. They set an “outperform” rating and a $27.00 price target on the stock. Jefferies Financial Group cut their price objective on Jersey Mike’s from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. BTIG Research restated a “buy” rating and set a $28.00 price target on shares of Jersey Mike’s in a research report on Thursday, September 10th. Finally, Wall Street Zen raised shares of Jersey Mike’s from a “sell” rating to a “hold” rating in a report on Sunday, September 13th. Twenty-one analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.96.

Jersey Mike’s Trading Down 2.9%

NYSE JMKE opened at $18.24 on Thursday. Jersey Mike’s has a 52 week low of $15.96 and a 52 week high of $24.99. The stock’s 50 day moving average price is $19.01. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.81 and a quick ratio of 1.82.

Jersey Mike’s (NYSE:JMKE) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $209.00 million during the quarter. The firm’s revenue was up 10.0% on a year-over-year basis. As a group, equities analysts forecast that Jersey Mike’s will post 0.65 EPS for the current year.

Jersey Mike’s Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 5th.

Insider Buying and Selling at Jersey Mike’s

In other Jersey Mike’s news, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total transaction of $56,210,436.00. Following the transaction, the insider directly owned 143,699 shares in the company, valued at $3,139,823.15. This represents a 94.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Abu Dhabi Investment Authority sold 382,134 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total value of $8,349,627.90. Following the transaction, the insider directly owned 35,732,138 shares in the company, valued at approximately $780,747,215.30. The trade was a 1.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,527,254 shares of company stock valued at $120,770,500 over the last quarter.

Key Headlines Impacting Jersey Mike’s

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

• Positive Sentiment: Jersey Mike’s reported third-quarter adjusted earnings of $0.23 per share, above the $0.16 consensus estimate, while revenue reached $209 million, up 10% year over year. Jersey Mike’s Q3 2026 Earnings Call Transcript
• Positive Sentiment: Management expects at least 20% adjusted EBITDA growth in 2026 and authorized a $100 million share-repurchase program, providing potential support for earnings per share and shareholder returns. Jersey Mike’s EBITDA Outlook and Buyback
• Positive Sentiment: Third-quarter same-store sales increased 3% and digital sales represented 43% of total revenue, indicating continued customer demand and progress in digital ordering. Jersey Mike’s Long-Term Investor Takeaways
• Positive Sentiment: The company declared a $0.35-per-share special dividend, payable November 19 to shareholders of record November 5. TD Cowen also reaffirmed its “buy” rating with a $22 price target.
• Neutral Sentiment: Despite the target reductions, several firms continue to recommend the stock: BTIG, Truist and Stifel maintained “buy” ratings, while RBC kept an “outperform” rating.
• Negative Sentiment: Analysts broadly lowered their targets following the earnings release: Bernstein cut its target to $23 and moved to “market perform”; RBC and BTIG reduced targets to $25; Truist cut to $27; Stifel to $25; and Wells Fargo to $21 with an “equal weight” rating. Although these targets remain above the current quotation, the coordinated reductions likely explain the cautious investor reaction. RBC Cuts Jersey Mike’s Price Target

Jersey Mike’s Company Profile

Jersey Mike’s, commonly known as Jersey Mike’s Subs, is a fast-casual restaurant company focused on submarine sandwiches and related food offerings. Its menu includes hot and cold subs, wraps, salads, beverages and desserts, with catering services also available at many locations.

The business operates primarily through a franchise-based model under the Jersey Mike’s Subs brand. Restaurants are known for preparing sandwiches to order, including sliced meats and cheeses, fresh vegetables and the company’s signature “Mike’s Way” preparation.

Jersey Mike’s traces its roots to 1956, when the original submarine shop opened in Point Pleasant, New Jersey.