Evercore Begins Coverage on Jersey Mike’s (NYSE:JMKE)

Stock analysts at Evercore assumed coverage on shares of Jersey Mike’s (NYSE:JMKE) in a report released on Monday. The firm set an “outperform” rating and a $28.00 price target on the stock. Evercore’s target price would suggest a potential upside of 17.65% from the stock’s current price.

Several other brokerages have also weighed in on JMKE. Wells Fargo & Company assumed coverage on shares of Jersey Mike’s in a research report on Monday. They set a “neutral” rating and a $25.00 price objective on the stock. Royal Bank Of Canada started coverage on shares of Jersey Mike’s in a research report on Monday. They issued an “outperform” rating and a $28.00 target price for the company. Mizuho began coverage on shares of Jersey Mike’s in a research note on Monday. They set an “outperform” rating and a $31.00 price target on the stock. UBS Group set a $27.00 price target on shares of Jersey Mike’s in a report on Monday. Finally, Morgan Stanley assumed coverage on Jersey Mike’s in a research report on Monday. They issued an “overweight” rating and a $29.00 price target for the company. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.77.

Jersey Mike’s Stock Performance

Jersey Mike’s stock opened at $23.80 on Monday. Jersey Mike’s has a 12 month low of $20.63 and a 12 month high of $24.99.

Insider Activity

In other news, COO Stacy Peterson purchased 15,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $23.00 per share, for a total transaction of $345,000.00. Following the completion of the acquisition, the chief operating officer directly owned 15,000 shares of the company’s stock, valued at approximately $345,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James J. Whalen bought 2,500 shares of the stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $23.00 per share, for a total transaction of $57,500.00. Following 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 ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 31,584 shares of company stock worth $726,432 in the last 90 days.

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.