Stacy Peterson Purchases 15,000 Shares of Jersey Mike’s (NYSE:JMKE) Stock

Jersey Mike’s (NYSE:JMKE) COO Stacy Peterson bought 15,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $23.00 per share, with a total value of $345,000.00. Following the transaction, the chief operating officer owned 15,000 shares of the company’s stock, valued at $345,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Jersey Mike’s Stock Down 5.1%

Shares of NYSE JMKE traded down $1.24 on Tuesday, hitting $23.23. The company’s stock had a trading volume of 4,789,280 shares, compared to its average volume of 7,498,739. Jersey Mike’s has a 12-month low of $20.63 and a 12-month high of $24.99.

Analysts Set New Price Targets

Separately, Melius Research initiated coverage on Jersey Mike’s in a research note on Thursday, July 30th. They issued a “buy” rating and a $30.00 target price on the stock. 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 an average 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.