Jersey Mike’s (NYSE:JMKE) Stock Price Target Lowered at BTIG Research

Jersey Mike’s (NYSE:JMKE) had its price objective decreased by investment analysts at BTIG Research from $28.00 to $25.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research‘s price target would suggest a potential upside of 33.62% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Morgan Stanley assumed coverage on Jersey Mike’s in a research report on Monday, August 24th. They set an “overweight” rating and a $29.00 target price for the company. Evercore began coverage on Jersey Mike’s in a research report on Monday, August 24th. They set an “outperform” rating and a $28.00 price target for the company. Bank of America boosted their price objective on Jersey Mike’s from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Wells Fargo & Company decreased their price objective on shares of Jersey Mike’s from $25.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group lowered their target price on shares of Jersey Mike’s from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Twenty-one research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Jersey Mike’s currently has an average rating of “Moderate Buy” and an average target price of $27.13.

Jersey Mike’s Price Performance

NYSE:JMKE traded up $1.28 during trading hours on Thursday, hitting $18.71. 5,548,361 shares of the company traded hands, compared to its average volume of 3,308,909. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36. The business’s 50-day simple moving average is $19.19. Jersey Mike’s has a one year low of $15.96 and a one year high of $24.99.

Jersey Mike’s (NYSE:JMKE) last released its earnings results on Wednesday, October 28th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $209.00 million during the quarter. The business’s revenue was up 10.0% compared to the same quarter last year. As a group, analysts forecast that Jersey Mike’s will post 0.65 EPS for the current fiscal year.

Insider Transactions at Jersey Mike’s

In other news, major shareholder Abu Dhabi Investment Authority sold 382,134 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total value of $8,349,627.90. Following the completion of the transaction, the insider owned 35,732,138 shares in the company, valued at $780,747,215.30. This trade represents a 1.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michele Allen bought 3,000 shares of the company’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 $69,000.00. Following the acquisition, the chief financial officer owned 1,500 shares in the company, valued at approximately $34,500. This represents a -200.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 31,584 shares of company stock worth $726,432 and sold 9,938,318 shares worth $217,152,248.

More Jersey Mike’s News

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

• Positive Sentiment: Jersey Mike’s reported third-quarter adjusted EPS of $0.23, above the $0.16 consensus estimate, while revenue increased 10% year over year to $209 million. The earnings beat likely supported the stock. Earnings Flash: Jersey Mike’s Q3 adjusted EPS
• 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 signaling confidence in the business. Jersey Mike’s EBITDA outlook and buyback
• Positive Sentiment: The company declared a special dividend of $0.35 per share, payable November 19 to eligible shareholders. Digital sales reached 43% of revenue, and same-store sales rose 3%, indicating continued customer engagement and digital adoption. Jersey Mike’s special dividend
• Positive Sentiment: TD Cowen, Stifel and Truist maintained buy-equivalent ratings, with price targets ranging from $22 to $27, all above the recent trading level. Analyst ratings
• Neutral Sentiment: RBC, Truist, Wells Fargo and Stifel lowered their price targets to $25, $27, $21 and $25, respectively. Although the targets imply upside, the reductions suggest analysts see more limited near-term upside than previously expected. RBC lowers Jersey Mike’s price target
• Negative Sentiment: Comparable-store sales growth disappointed expectations, while coverage highlighted a quarterly loss on higher revenue. These results raise concerns about traffic, margins and the pace of restaurant-level growth. Jersey Mike’s comparable-store sales

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.