Jersey Mike’s (NYSE:JMKE) Research Coverage Started at Truist Financial

Truist Financial began coverage on shares of Jersey Mike’s (NYSE:JMKE) in a report released on Monday, Marketbeat reports. The brokerage issued a buy rating and a $30.00 price target on the stock.

Other analysts also recently issued reports about the stock. William Blair initiated coverage on shares of Jersey Mike’s in a report on Monday. They issued an “outperform” rating for the company. Morgan Stanley assumed coverage on shares of Jersey Mike’s in a report on Monday. They set an “overweight” rating and a $29.00 price objective on the stock. Wolfe Research began coverage on shares of Jersey Mike’s in a research report on Monday. They set a “peer perform” rating for the company. Melius Research started coverage on shares of Jersey Mike’s in a research note on Thursday, July 30th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Jefferies Financial Group assumed coverage on Jersey Mike’s in a research report on Monday. They set a “buy” rating and a $29.00 target price on the stock. Twenty-one analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.35.

Jersey Mike’s Stock Performance

Shares of Jersey Mike’s stock opened at $22.36 on Monday. Jersey Mike’s has a 1 year low of $20.63 and a 1 year high of $24.99.

Insider Transactions at Jersey Mike’s

In other Jersey Mike’s news, major shareholder Abu Dhabi Investment Authority sold 4,411,064 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $21.85, for a total value of $96,381,748.40. Following the sale, the insider owned 36,114,272 shares of the company’s stock, valued at $789,096,843.20. The trade was a 10.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michele Allen acquired 10,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of $23.00 per share, with a total value of $230,000.00. Following the purchase, the chief financial officer owned 10,043 shares in the company, valued at approximately $230,989. This represents a 23,255.81% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 31,584 shares of company stock valued at $726,432 and sold 9,556,184 shares valued at $208,802,620.

Trending Headlines about Jersey Mike’s

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.

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.