Jersey Mike’s (NYSE:JMKE) Earns Buy Rating from Analysts at Stifel Nicolaus

Stock analysts at Stifel Nicolaus assumed coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $27.00 price target on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 13.45% from the stock’s current price.

Several other equities research analysts have also recently issued reports on JMKE. 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 price objective for the company. Royal Bank Of Canada initiated coverage on Jersey Mike’s in a research note on Monday. They issued an “outperform” rating and a $28.00 price target on the stock. Wolfe Research began coverage on Jersey Mike’s in a report on Monday. They set a “peer perform” rating for the company. Jefferies Financial Group began coverage on Jersey Mike’s in a research report on Monday. They set a “positive” rating for the company. Finally, Wells Fargo & Company started coverage on Jersey Mike’s in a research note on Monday. They set a “neutral” rating and a $25.00 target price for the company. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.77.

Jersey Mike’s Price Performance

Shares of Jersey Mike’s stock opened at $23.80 on Monday. 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 other news, COO Stacy Peterson bought 15,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $23.00 per share, for a total transaction 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 approximately $345,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James J. Whalen bought 2,500 shares of Jersey Mike’s stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $23.00 per share, with a total value of $57,500.00. Following the completion of the acquisition, the chief accounting officer directly owned 2,500 shares in the company, valued at approximately $57,500. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 31,584 shares of company stock valued at $726,432 over the last quarter.

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.