Michele Allen Acquires 10,000 Shares of Jersey Mike’s (NYSE:JMKE) Stock

Jersey Mike’s (NYSE:JMKE) CFO Michele Allen purchased 10,000 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 $230,000.00. Following the acquisition, the chief financial officer directly owned 10,043 shares in the company, valued at $230,989. This represents a 23,255.81% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michele Allen also recently made the following trade(s):

• On Friday, July 31st, Michele Allen bought 3,000 shares of Jersey Mike’s stock. The shares were purchased at an average price of $23.00 per share, with a total value of $69,000.00.

Jersey Mike’s Price Performance

Shares of JMKE stock traded down $1.24 on Tuesday, reaching $23.23. The company’s stock had a trading volume of 4,789,280 shares, compared to its average volume of 7,498,739. Jersey Mike’s has a 1 year low of $20.63 and a 1 year high of $24.99.

Analyst Ratings Changes

Separately, Melius Research initiated 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 on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Jersey Mike’s presently has an average rating of “Buy” and an average target price of $30.00.

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.