Jersey Mike’s (NYSE:JMKE) Stock Gets Price Target Trim from Truist Financial

Jersey Mike’s (NYSE:JMKE) had its price target trimmed by Truist Financial from $30.00 to $27.00 in a report released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

JMKE has been the topic of several other research reports. Royal Bank Of Canada raised their price objective on shares of Jersey Mike’s from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, September 10th. JPMorgan Chase & Co. cut their target price on shares of Jersey Mike’s from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Wall Street Zen raised Jersey Mike’s from a “sell” rating to a “hold” rating in a research note on Sunday, September 13th. Sanford C. Bernstein raised their price target on Jersey Mike’s from $26.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, September 10th. Finally, Weiss Ratings began coverage on Jersey Mike’s in a research note on Monday, October 26th. They set a “sell (d)” rating for the company. Twenty-one investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.96.

Jersey Mike’s Stock Down 2.9%

Shares of JMKE opened at $18.24 on Thursday. Jersey Mike’s has a 1-year low of $15.96 and a 1-year high of $24.99. The company has a current ratio of 2.81, a quick ratio of 1.82 and a debt-to-equity ratio of 1.15. The company has a 50 day moving average of $19.01.

Jersey Mike’s (NYSE:JMKE) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $209.00 million during the quarter. Jersey Mike’s’s revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts anticipate that Jersey Mike’s will post 0.65 EPS for the current year.

Jersey Mike’s Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, November 5th.

Insider Transactions at Jersey Mike’s

In other news, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total value of $56,210,436.00. Following the completion of the sale, the insider owned 143,699 shares of the company’s stock, valued at approximately $3,139,823.15. This represents a 94.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Abu Dhabi Investment Authority sold 382,134 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total transaction of $8,349,627.90. Following the completion of the sale, the insider directly owned 35,732,138 shares of the company’s stock, valued at $780,747,215.30. This trade represents a 1.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 5,527,254 shares of company stock worth $120,770,500.

Key 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 earnings of $0.23 per share, above the $0.16 consensus estimate, while revenue reached $209 million, up 10% year over year. Jersey Mike’s Q3 2026 Earnings Call Transcript
• 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 shareholder returns. Jersey Mike’s EBITDA Outlook and Buyback
• Positive Sentiment: Third-quarter same-store sales increased 3% and digital sales represented 43% of total revenue, indicating continued customer demand and progress in digital ordering. Jersey Mike’s Long-Term Investor Takeaways
• Positive Sentiment: The company declared a $0.35-per-share special dividend, payable November 19 to shareholders of record November 5. TD Cowen also reaffirmed its “buy” rating with a $22 price target.
• Neutral Sentiment: Despite the target reductions, several firms continue to recommend the stock: BTIG, Truist and Stifel maintained “buy” ratings, while RBC kept an “outperform” rating.
• Negative Sentiment: Analysts broadly lowered their targets following the earnings release: Bernstein cut its target to $23 and moved to “market perform”; RBC and BTIG reduced targets to $25; Truist cut to $27; Stifel to $25; and Wells Fargo to $21 with an “equal weight” rating. Although these targets remain above the current quotation, the coordinated reductions likely explain the cautious investor reaction. RBC Cuts Jersey Mike’s Price Target

About Jersey Mike’s

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.