Jersey Mike’s (NYSE:JMKE) Research Coverage Started at UBS Group

UBS Group assumed coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research note released on Monday, Marketbeat.com reports. The firm issued a buy rating and a $27.00 price target on the stock.

A number of other equities analysts also recently commented on the company. Mizuho assumed coverage on Jersey Mike’s in a report on Monday. They set an “outperform” rating and a $31.00 target price for the company. Piper Sandler started coverage on Jersey Mike’s in a research note on Monday. They issued an “overweight” rating and a $29.00 price target for the company. Morgan Stanley began coverage on shares of Jersey Mike’s in a report on Monday. They issued an “overweight” rating and a $29.00 price target on the stock. Loop Capital began coverage on shares of Jersey Mike’s in a research report on Monday. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Sanford C. Bernstein began coverage on shares of Jersey Mike’s in a report on Monday. They issued a “market perform” rating and a $26.00 price objective for the company. Twenty-one analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.35.

Jersey Mike’s Stock Performance

NYSE JMKE opened at $22.36 on Monday. Jersey Mike’s has a fifty-two week low of $20.63 and a fifty-two week high of $24.99.

Insider Buying and Selling

In related news, CFO Michele Allen acquired 3,000 shares of the stock in a transaction on Friday, July 31st. The stock was acquired at an average price of $23.00 per share, for a total transaction of $69,000.00. Following the completion of the purchase, the chief financial officer owned 1,500 shares of the company’s stock, valued at $34,500. This represents a -200.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Submarine Buyer Llc sold 2,572,560 shares of the business’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 $56,210,436.00. Following the completion of the sale, the insider directly owned 143,699 shares in the company, valued at $3,139,823.15. This trade represents a 94.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have bought 31,584 shares of company stock worth $726,432 and have sold 9,556,184 shares worth $208,802,620.

Key Stories Impacting 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.