Jersey Mike’s (NYSE:JMKE) Major Shareholder Abu Dhabi Investment Authority Sells 382,134 Shares

Jersey Mike’s (NYSE:JMKE) major shareholder Abu Dhabi Investment Authority sold 382,134 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total transaction of $8,349,627.90. Following the transaction, the insider directly owned 35,732,138 shares in the company, valued at approximately $780,747,215.30. This represents a 1.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Abu Dhabi Investment Authority also recently made the following trade(s):

• On Friday, July 31st, Abu Dhabi Investment Authority sold 4,411,064 shares of Jersey Mike’s stock. The shares were sold at an average price of $21.85, for a total transaction of $96,381,748.40.

Jersey Mike’s Trading Down 1.4%

Shares of NYSE JMKE opened at $22.00 on Friday. Jersey Mike’s has a 52-week low of $20.63 and a 52-week high of $24.99.

Wall Street Analysts Forecast Growth

JMKE has been the topic of a number of research reports. Stifel Nicolaus began coverage on Jersey Mike’s in a report on Monday. They issued a “buy” rating and a $27.00 price objective on the stock. Tigress Financial assumed coverage on shares of Jersey Mike’s in a report on Wednesday. They issued a “buy” rating and a $29.00 price target on the stock. Loop Capital began coverage on shares of Jersey Mike’s in a research report on Monday. They set a “buy” rating and a $40.00 price target on the stock. Mizuho initiated coverage on shares of Jersey Mike’s in a research report on Monday. They issued an “outperform” rating and a $31.00 price objective for the company. Finally, Raymond James Financial began coverage on shares of Jersey Mike’s in a research note on Monday. They issued an “outperform” rating and a $29.00 target price on the stock. Twenty-one equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.35.

Key Stories Impacting Jersey Mike’s

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

• Positive Sentiment: Loop Capital reportedly set a bullish $40 price target for Jersey Mike’s, substantially above recent trading levels. The firm’s outlook is likely supporting the stock’s long-term growth narrative. Loop Capital sets $40 Jersey Mike’s stock price target
• Positive Sentiment: New coverage from Jefferies, Wells Fargo and RBC adds institutional attention. RBC assigned a “moderate buy” rating, while other recently reported analyst targets generally range from $25 to $29, above the stock’s recent level. RBC analyst coverage
• Positive Sentiment: Zacks Research upgraded Jersey Mike’s to “hold,” which is not bullish but represents a more favorable stance than a sell rating and may provide some downside support. Zacks Research
• Neutral Sentiment: Jefferies, Wells Fargo and other firms have initiated research coverage following Jersey Mike’s public-market debut. The broad coverage could improve visibility, but many ratings and targets are still being established rather than reflecting new operating results. Jefferies initiates coverage
• Negative Sentiment: Blackstone II Holdings L.P. reported selling 2,572,560 shares at an average of $21.85, reducing its disclosed position by 94.71%. A separate filing attributed to Submarine Buyer LLC reports the same transaction, so the filings may represent related ownership entities rather than two entirely separate sales. SEC shareholder sale filing
• Negative Sentiment: Abu Dhabi Investment Authority also sold 382,134 shares worth approximately $8.35 million, trimming its ownership by 1.06%. The combined disclosures create near-term supply and confidence concerns, helping explain why JMKE has decreased even as analysts remain broadly optimistic. Abu Dhabi Investment Authority SEC filing

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.