Jersey Mike’s (NYSE:JMKE) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research note published on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $27.00 target price on the stock.

A number of other research firms also recently weighed in on JMKE. Royal Bank Of Canada started coverage on shares of Jersey Mike’s in a report on Monday. They set an “outperform” rating and a $28.00 price target on the stock. Melius Research began coverage on shares of Jersey Mike’s in a report on Thursday, July 30th. They issued a “buy” rating and a $30.00 price objective for the company. Wolfe Research initiated coverage on shares of Jersey Mike’s in a research report on Monday. They set a “peer perform” rating on the stock. UBS Group set a $27.00 target price on Jersey Mike’s and gave the company a “buy” rating in a report on Monday. Finally, Wall Street Zen raised Jersey Mike’s to a “hold” rating in a research report on Saturday, August 8th. Twenty-one analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.35.

Jersey Mike’s Trading Up 0.7%

JMKE stock opened at $22.36 on Monday. Jersey Mike’s has a 12 month low of $20.63 and a 12 month high of $24.99.

Insiders Place Their Bets

In related news, major shareholder Abu Dhabi Investment Authority sold 4,411,064 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $21.85, for a total value of $96,381,748.40. Following the transaction, the insider directly owned 36,114,272 shares in the company, valued at approximately $789,096,843.20. This trade represents a 10.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Submarine Buyer Llc sold 2,572,560 shares of Jersey Mike’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total transaction of $56,210,436.00. Following the completion of the transaction, the insider owned 143,699 shares in the company, valued at $3,139,823.15. This trade represents a 94.71% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders acquired 31,584 shares of company stock valued at $726,432 and sold 9,556,184 shares valued at $208,802,620.

Jersey Mike’s News Summary

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

• Positive Sentiment: Several firms initiated coverage with favorable views. Tigress Financial and Jefferies assigned “buy” ratings with $29 price targets, while Raymond James and RBC issued “moderate buy” ratings with targets of $29 and $28, respectively. These targets imply meaningful upside from recent trading levels. Benzinga analyst coverage reports
• Positive Sentiment: The initial coverage campaign includes major firms such as Morgan Stanley, Deutsche Bank, Mizuho, Stifel, TD Cowen, Piper Sandler, Baird, BTIG, Bernstein, Guggenheim and Truist. The concentrated analyst attention may improve institutional awareness and support the stock’s valuation. Jersey Mike’s analyst coverage reports
• Positive Sentiment: Goldman Sachs set a $26 target with a “neutral” rating, and Wells Fargo set a $25 target with an “equal weight” rating. Although less bullish, both targets remain above recent trading levels and establish valuation support. Goldman Sachs and Wells Fargo coverage
• Neutral Sentiment: Analysts have suggested Jersey Mike’s could eventually challenge Subway as the leading sandwich chain, reinforcing the company’s growth narrative, but the claim is prospective rather than a new operating or financial announcement. Jersey Mike’s could overtake Subway article
• Negative Sentiment: Blackstone II Holdings L.P. and Submarine Buyer LLC each reported selling 2,572,560 shares at an average price of $21.85, reducing their positions by 94.71%. The transactions totaled about $56.2 million per filing and could pressure the stock or raise concerns about insider confidence. SEC shareholder sale filing
• Negative Sentiment: Short interest rose 92.2% to 5.57 million shares as of August 14. While the short ratio remains only 1.6 days and 1.4% of shares are short, the increase signals growing bearish positioning.

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.