Jersey Mike’s (NYSE:JMKE) Now Covered by Analysts at Loop Capital

Research analysts at Loop Capital began coverage on shares of Jersey Mike’s (NYSE:JMKE) in a report released on Monday. The firm set a “buy” rating and a $40.00 price target on the stock. Loop Capital’s target price suggests a potential upside of 68.07% from the stock’s previous close.

JMKE has been the topic of several other reports. Wall Street Zen raised shares of Jersey Mike’s to a “hold” rating in a research report on Saturday, August 8th. BTIG Research assumed coverage on shares of Jersey Mike’s in a report on Monday. They set a “buy” rating and a $28.00 target price for the company. Mizuho initiated coverage on shares of Jersey Mike’s in a research note on Monday. They issued an “outperform” rating and a $31.00 price target on the stock. Sanford C. Bernstein assumed coverage on shares of Jersey Mike’s in a report on Monday. They issued a “market perform” rating and a $26.00 price target on the stock. Finally, William Blair initiated coverage on shares of Jersey Mike’s in a research report on Monday. They set an “outperform” rating for the company. Twenty analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.43.

Jersey Mike’s Stock Down 0.3%

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

Insider Transactions at Jersey Mike’s

In other news, COO Stacy Peterson bought 15,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $23.00 per share, with a total value of $345,000.00. Following the completion of the acquisition, the chief operating officer owned 15,000 shares of the company’s stock, valued at $345,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michele Allen bought 10,000 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $230,989. This represents a 23,255.81% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 31,584 shares of company stock worth $726,432 over the last quarter.

Jersey Mike’s News Roundup

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

• Positive Sentiment: Mizuho initiated coverage with an “outperform” rating and a $31 price target, implying approximately 30% potential upside. Benzinga article
• Positive Sentiment: Piper Sandler and Morgan Stanley each rated the stock “overweight” and set $29 price targets, implying roughly 22% upside. Benzinga article
• Positive Sentiment: BTIG Research initiated coverage with a “buy” rating and a $28 target, while Evercore assigned an “outperform” rating with the same target. Benzinga article
• Positive Sentiment: Stifel Nicolaus and Robert W. Baird both issued positive ratings and $27 price targets. Benzinga article
• Neutral Sentiment: Bernstein rated Jersey Mike’s “market perform,” while TD Cowen rated it “buy”; both set $26 targets, the lowest among the new estimates. Benzinga article

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.