Brokerages Set Jersey Mike’s (NYSE:JMKE) Price Target at $27.77

Jersey Mike’s (NYSE:JMKE) has received a consensus rating of “Moderate Buy” from the twenty-six brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $28.3478.

Several analysts recently commented on the stock. Melius Research assumed coverage on shares of Jersey Mike’s in a research note on Thursday, July 30th. They set a “buy” rating and a $30.00 target price for the company. Evercore started coverage on shares of Jersey Mike’s in a report on Monday, August 24th. They issued an “outperform” rating and a $28.00 target price on the stock. Wolfe Research initiated coverage on Jersey Mike’s in a research report on Monday, August 24th. They issued a “peer perform” rating for the company. Piper Sandler began coverage on shares of Jersey Mike’s in a research report on Monday, August 24th. They set an “overweight” rating and a $29.00 target price on the stock. Finally, Truist Financial began coverage on shares of Jersey Mike’s in a report on Monday, August 24th. They issued a “buy” rating and a $30.00 price target for the company.

Key Headlines Impacting Jersey Mike’s

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

• Positive Sentiment: Bank of America’s outlook highlighted Jersey Mike’s store-location strategy, suggesting that disciplined expansion and selecting attractive markets could support continued unit growth. Jersey Mike’s store location plan sparks Bank of America outlook
• Positive Sentiment: Loop Capital set a bullish $40 price target, substantially above recent trading levels, reinforcing the potential upside tied to Jersey Mike’s growth strategy. Loop Capital sets $40 Jersey Mike’s stock price target
• Positive Sentiment: Tigress Financial initiated coverage of JMKE, adding another research firm to the stock’s expanding analyst base. Recent coverage has generally been favorable, with the broader analyst consensus at “Moderate Buy” and an average target of about $28.35. Tigress Financial initiates Jersey Mike’s coverage
• Neutral Sentiment: Zacks Research upgraded Jersey Mike’s to “hold.” The change may reduce downside pressure, but it does not represent a strong bullish endorsement. Zacks upgrades Jersey Mike’s to hold
• Negative Sentiment: Blackstone II Holdings sold 2.57 million shares for approximately $56.2 million, reducing its disclosed position by 94.71%. The large disposition could weigh on sentiment and add near-term share supply. Blackstone II sells Jersey Mike’s shares
• Negative Sentiment: Abu Dhabi Investment Authority sold 382,134 shares worth approximately $8.35 million, trimming its stake by 1.06%. Although relatively modest, the sale adds to concerns about major-holder selling. Abu Dhabi Investment Authority SEC filing

Jersey Mike’s Stock Up 0.2%

Shares of NYSE JMKE opened at $22.51 on Monday. Jersey Mike’s has a twelve month low of $20.63 and a twelve month high of $24.99.

Insider Transactions at Jersey Mike’s

In other Jersey Mike’s news, CFO Michele Allen bought 3,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $69,000.00. Following the transaction, the chief financial officer owned 1,500 shares in the company, valued at approximately $34,500. The trade was a -200.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total transaction of $56,210,436.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders have purchased 31,584 shares of company stock worth $726,432 and have sold 9,938,318 shares worth $217,152,248.

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.