Jersey Mike’s (NYSE:JMKE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Jersey Mike’s (NYSE:JMKE) to a hold rating in a research report sent to investors on Saturday.

Separately, Melius Research initiated coverage on Jersey Mike’s in a report on Thursday, July 30th. They set a “buy” rating and a $30.00 price objective for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Jersey Mike’s has a consensus rating of “Buy” and a consensus price target of $30.00.

Jersey Mike’s Stock Performance

Shares of JMKE opened at $22.16 on Friday. Jersey Mike’s has a 12-month low of $20.63 and a 12-month high of $24.99.

Insider Buying and Selling at Jersey Mike’s

In other Jersey Mike’s news, COO Stacy Peterson bought 15,000 shares of the company’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 transaction, the chief operating officer owned 15,000 shares of the company’s stock, valued at approximately $345,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michele Allen bought 3,000 shares of the company’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $23.00 per share, with a total value of $69,000.00. Following the transaction, the chief financial officer directly owned 1,500 shares in the company, valued at approximately $34,500. The trade was a -200.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 31,584 shares of company stock worth $726,432 over the last quarter.

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.