Insider Buying: Jersey Mike’s (NYSE:JMKE) CAO Acquires $57,500.00 in Stock

Jersey Mike’s (NYSE:JMKE) CAO James Whalen acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of $23.00 per share, with a total value of $57,500.00. Following the completion of the transaction, the chief accounting officer owned 2,500 shares of the company’s stock, valued at $57,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Jersey Mike’s Trading Down 5.1%

NYSE:JMKE traded down $1.24 on Tuesday, hitting $23.23. The 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.

Wall Street Analyst Weigh In

Separately, Melius Research began coverage on Jersey Mike’s in a research report on Thursday, July 30th. They issued a “buy” rating and a $30.00 price objective for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Jersey Mike’s currently has a consensus rating of “Buy” and a consensus target price of $30.00.

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.