Jersey Mike’s (NYSE:JMKE) Research Coverage Started at TD Cowen

TD Cowen assumed coverage on shares of Jersey Mike’s (NYSE:JMKE) in a report released on Monday, Marketbeat reports. The brokerage issued a buy rating and a $26.00 target price on the stock.

Several other research analysts also recently issued reports on the company. Jefferies Financial Group began coverage on Jersey Mike’s in a research note on Monday. They set a “buy” rating and a $29.00 price target for the company. Mizuho initiated coverage on shares of Jersey Mike’s in a report on Monday. They set an “outperform” rating and a $31.00 target price for the company. Wall Street Zen upgraded shares of Jersey Mike’s to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada began coverage on shares of Jersey Mike’s in a research report on Monday. They set an “outperform” rating and a $28.00 target price for the company. Finally, Stifel Nicolaus began coverage on shares of Jersey Mike’s in a report on Monday. They issued a “buy” rating and a $27.00 price target on the stock. Twenty-one investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jersey Mike’s presently has a consensus rating of “Moderate Buy” and an average target price of $28.35.

Jersey Mike’s Stock Up 0.7%

JMKE opened at $22.36 on Monday. Jersey Mike’s has a one year low of $20.63 and a one year high of $24.99.

Insider Transactions at Jersey Mike’s

In other Jersey Mike’s news, CFO Michele Allen purchased 10,000 shares of the 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 $230,000.00. Following the acquisition, the chief financial officer directly owned 10,043 shares of the company’s stock, valued at $230,989. This represents a 23,255.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, COO Stacy Peterson acquired 15,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $23.00 per share, for a total transaction of $345,000.00. Following the completion of the acquisition, the chief operating officer owned 15,000 shares in the company, valued at approximately $345,000. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 31,584 shares of company stock valued at $726,432 and sold 9,556,184 shares valued at $208,802,620.

Key Headlines 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.

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.