Jersey Mike’s (NYSE:JMKE) Stock Gets Price Target Trim from Sanford C. Bernstein

Jersey Mike’s (NYSE:JMKE) had its target price trimmed by Sanford C. Bernstein from $27.00 to $23.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other brokerages also recently issued reports on JMKE. Wall Street Zen upgraded shares of Jersey Mike’s from a “sell” rating to a “hold” rating in a research note on Sunday, September 13th. Jefferies Financial Group reduced their price target on shares of Jersey Mike’s from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. William Blair reissued an “outperform” rating on shares of Jersey Mike’s in a research note on Wednesday, September 9th. Loop Capital started coverage on shares of Jersey Mike’s in a research report on Monday, August 24th. They set a “buy” rating and a $40.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their target price on Jersey Mike’s from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Twenty-one equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.96.

Jersey Mike’s Price Performance

JMKE opened at $18.24 on Thursday. Jersey Mike’s has a 52-week low of $15.96 and a 52-week high of $24.99. The company has a current ratio of 2.81, a quick ratio of 1.82 and a debt-to-equity ratio of 1.15. The stock’s fifty day moving average is $19.01.

Jersey Mike’s (NYSE:JMKE) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $209.00 million during the quarter. The company’s revenue was up 10.0% on a year-over-year basis. On average, research analysts expect that Jersey Mike’s will post 0.65 earnings per share for the current year.

Jersey Mike’s Announces Dividend

The business also recently announced a special dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 5th.

Insider Transactions at Jersey Mike’s

In other news, major shareholder Submarine Buyer Llc sold 2,572,560 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total value of $56,210,436.00. Following the sale, the insider directly owned 143,699 shares in the company, valued at approximately $3,139,823.15. This trade represents a 94.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the firm’s stock in a transaction that occurred on 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 owned 143,699 shares in the company, valued at approximately $3,139,823.15. The trade was a 94.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 5,527,254 shares of company stock valued at $120,770,500.

Trending Headlines about Jersey Mike’s

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

• Positive Sentiment: Jersey Mike’s reported third-quarter adjusted earnings of $0.23 per share, above the $0.16 consensus estimate, while revenue reached $209 million, up 10% year over year. Jersey Mike’s Q3 2026 Earnings Call Transcript
• Positive Sentiment: Management expects at least 20% adjusted EBITDA growth in 2026 and authorized a $100 million share-repurchase program, providing potential support for earnings per share and shareholder returns. Jersey Mike’s EBITDA Outlook and Buyback
• Positive Sentiment: Third-quarter same-store sales increased 3% and digital sales represented 43% of total revenue, indicating continued customer demand and progress in digital ordering. Jersey Mike’s Long-Term Investor Takeaways
• Positive Sentiment: The company declared a $0.35-per-share special dividend, payable November 19 to shareholders of record November 5. TD Cowen also reaffirmed its “buy” rating with a $22 price target.
• Neutral Sentiment: Despite the target reductions, several firms continue to recommend the stock: BTIG, Truist and Stifel maintained “buy” ratings, while RBC kept an “outperform” rating.
• Negative Sentiment: Analysts broadly lowered their targets following the earnings release: Bernstein cut its target to $23 and moved to “market perform”; RBC and BTIG reduced targets to $25; Truist cut to $27; Stifel to $25; and Wells Fargo to $21 with an “equal weight” rating. Although these targets remain above the current quotation, the coordinated reductions likely explain the cautious investor reaction. RBC Cuts Jersey Mike’s Price Target

Jersey Mike’s Company Profile

Jersey Mike’s, commonly known as Jersey Mike’s Subs, is a fast-casual restaurant company focused on submarine sandwiches and related food offerings. Its menu includes hot and cold subs, wraps, salads, beverages and desserts, with catering services also available at many locations.

The business operates primarily through a franchise-based model under the Jersey Mike’s Subs brand. Restaurants are known for preparing sandwiches to order, including sliced meats and cheeses, fresh vegetables and the company’s signature “Mike’s Way” preparation.

Jersey Mike’s traces its roots to 1956, when the original submarine shop opened in Point Pleasant, New Jersey.