Jersey Mike’s (NYSE:JMKE – Get Free Report) declared a special dividend on Monday, October 26th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.35 per share on Thursday, November 19th. The ex-dividend date is Thursday, November 5th.
Jersey Mike’s Price Performance
Shares of JMKE stock opened at $18.85 on Tuesday. The business’s 50 day simple moving average is $18.92. Jersey Mike’s has a 52-week low of $15.96 and a 52-week high of $24.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.82 and a quick ratio of 1.82.
Jersey Mike’s (NYSE:JMKE – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $209.00 million for the quarter. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that Jersey Mike’s will post 0.65 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, major shareholder Abu Dhabi Investment Authority sold 382,134 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 $8,349,627.90. Following the transaction, the insider directly owned 35,732,138 shares of the company’s stock, valued at approximately $780,747,215.30. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Submarine Buyer Llc 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 value of $56,210,436.00. Following the transaction, the insider directly owned 143,699 shares in the company, valued at approximately $3,139,823.15. The trade was 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 sold 5,527,254 shares of company stock valued at $120,770,500.
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.
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