Jersey Mike’s (NYSE:JMKE) Stock Has Consensus Target Price of $27.91

Shares of Jersey Mike’s (NYSE:JMKE) have received an average rating of “Moderate Buy” from the twenty-six brokerages that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $27.91.

Several equities analysts recently issued reports on the company. Wolfe Research assumed coverage on Jersey Mike’s in a research note on Monday, August 24th. They set a “peer perform” rating on the stock. Robert W. Baird initiated coverage on shares of Jersey Mike’s in a report on Monday, August 24th. They issued an “outperform” rating and a $27.00 price target for the company. Melius Research began coverage on shares of Jersey Mike’s in a research report on Thursday, July 30th. They set a “buy” rating and a $30.00 price objective for the company. Guggenheim raised their target price on shares of Jersey Mike’s from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Jersey Mike’s in a research report on Monday, August 24th. They set a “buy” rating and a $27.00 price objective for the company.

Jersey Mike’s Stock Up 7.6%

JMKE opened at $18.32 on Tuesday. Jersey Mike’s has a 12-month low of $15.96 and a 12-month high of $24.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 1.82. The company has a fifty day moving average of $20.05.

Jersey Mike’s (NYSE:JMKE) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $3,700.00 EPS for the quarter. The firm had revenue of $208.00 million during the quarter. As a group, research analysts predict that Jersey Mike’s will post 0.65 EPS for the current year.

Insider Transactions at Jersey Mike’s

In other Jersey Mike’s news, major shareholder Abu Dhabi Investment Authority sold 382,134 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 35,732,138 shares in the company, valued at approximately $780,747,215.30. This trade represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Stacy Peterson bought 15,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was bought at an average price of $23.00 per share, for a total transaction of $345,000.00. Following the completion of the purchase, the chief operating officer directly owned 15,000 shares of the company’s stock, valued at $345,000. The trade was a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 31,584 shares of company stock valued at $726,432 and sold 9,938,318 shares valued at $217,152,248.

Jersey Mike’s Company Profile

Jersey Mike’s is an American fast-casual restaurant company best known for submarine sandwiches made to order. Its menu typically includes cold subs, cheesesteaks, wraps, salads, sides, beverages and catering options. The brand emphasizes freshly sliced meats and cheeses, along with its signature “Mike’s Way” preparation featuring onions, lettuce, tomatoes, oil, vinegar and spices.

The company traces its roots to 1956, when the original Mike’s Submarines opened in Point Pleasant, New Jersey.