Jersey Mike’s (NYSE:JMKE) Coverage Initiated at Robert W. Baird

Research analysts at Robert W. Baird assumed coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research report issued on Monday,Benzinga reports. The firm set an “outperform” rating and a $27.00 price target on the stock. Robert W. Baird’s price target would indicate a potential upside of 13.45% from the company’s previous close.

Other analysts also recently issued research reports about the company. Wall Street Zen upgraded Jersey Mike’s to a “hold” rating in a research note on Saturday, August 8th. Melius Research started coverage on shares of Jersey Mike’s in a research report on Thursday, July 30th. They set a “buy” rating and a $30.00 target price for the company. BTIG Research assumed coverage on Jersey Mike’s in a report on Monday. They issued a “buy” rating and a $28.00 price objective for the company. Wolfe Research assumed coverage on Jersey Mike’s in a report on Monday. They issued a “peer perform” rating for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Jersey Mike’s in a report on Monday. They set a “market perform” rating and a $26.00 target price for the company. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.77.

Jersey Mike’s Price Performance

JMKE stock opened at $23.80 on Monday. Jersey Mike’s has a 52 week low of $20.63 and a 52 week high of $24.99.

Insider Activity at Jersey Mike’s

In related news, COO Stacy Peterson purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $23.00 per share, with a total value of $345,000.00. Following the purchase, the chief operating officer owned 15,000 shares of the company’s stock, valued at $345,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO James J. Whalen acquired 2,500 shares of the business’s stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $23.00 per share, with a total value of $57,500.00. Following the completion of the purchase, the chief accounting officer owned 2,500 shares in the company, valued at $57,500. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 31,584 shares of company stock valued at $726,432.

About Jersey Mike’s

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.