Jersey Mike’s (NYSE:JMKE) Earns Neutral Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research note published on Tuesday, Marketbeat reports. The brokerage issued a neutral rating and a $26.00 price target on the stock.

A number of other research firms have also weighed in on JMKE. Truist Financial initiated coverage on shares of Jersey Mike’s in a report on Monday. They set a “buy” rating and a $30.00 price target for the company. Royal Bank Of Canada began coverage on shares of Jersey Mike’s in a report on Monday. They issued an “outperform” rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of Jersey Mike’s in a research report on Monday. They issued an “overweight” rating and a $26.00 price objective for the company. Stifel Nicolaus assumed coverage on shares of Jersey Mike’s in a research report on Monday. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Bank of America began coverage on Jersey Mike’s in a research note on Monday. They set a “buy” rating and a $27.00 target price for the company. Twenty-one investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Jersey Mike’s currently has a consensus rating of “Moderate Buy” and an average target price of $28.35.

Jersey Mike’s Price Performance

JMKE opened at $22.00 on Tuesday. 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 dated Friday, July 31st. The stock was acquired at an average price of $23.00 per share, with a total value of $345,000.00. Following the completion of the transaction, the chief operating officer owned 15,000 shares of the company’s stock, valued at $345,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michele Allen purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $23.00 per share, with a total value of $230,000.00. Following the purchase, the chief financial officer owned 10,043 shares of the company’s stock, valued at approximately $230,989. The trade was a 23,255.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 31,584 shares of company stock worth $726,432 and sold 9,938,318 shares worth $217,152,248.

Key Jersey Mike’s News

Here are the key news stories impacting Jersey Mike’s this week:

• Positive Sentiment: Loop Capital reportedly set a bullish $40 price target for Jersey Mike’s, substantially above recent trading levels. The firm’s outlook is likely supporting the stock’s long-term growth narrative. Loop Capital sets $40 Jersey Mike’s stock price target
• Positive Sentiment: New coverage from Jefferies, Wells Fargo and RBC adds institutional attention. RBC assigned a “moderate buy” rating, while other recently reported analyst targets generally range from $25 to $29, above the stock’s recent level. RBC analyst coverage
• Positive Sentiment: Zacks Research upgraded Jersey Mike’s to “hold,” which is not bullish but represents a more favorable stance than a sell rating and may provide some downside support. Zacks Research
• Neutral Sentiment: Jefferies, Wells Fargo and other firms have initiated research coverage following Jersey Mike’s public-market debut. The broad coverage could improve visibility, but many ratings and targets are still being established rather than reflecting new operating results. Jefferies initiates coverage
• Negative Sentiment: Blackstone II Holdings L.P. reported selling 2,572,560 shares at an average of $21.85, reducing its disclosed position by 94.71%. A separate filing attributed to Submarine Buyer LLC reports the same transaction, so the filings may represent related ownership entities rather than two entirely separate sales. SEC shareholder sale filing
• Negative Sentiment: Abu Dhabi Investment Authority also sold 382,134 shares worth approximately $8.35 million, trimming its ownership by 1.06%. The combined disclosures create near-term supply and confidence concerns, helping explain why JMKE has decreased even as analysts remain broadly optimistic. Abu Dhabi Investment Authority SEC filing

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.