Jersey Mike’s (NYSE:JMKE) Now Covered by Analysts at BTIG Research

Stock analysts at BTIG Research started coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research note issued on Monday,Benzinga reports. The firm set a “buy” rating and a $28.00 price target on the stock. BTIG Research’s target price indicates a potential upside of 17.65% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on JMKE. Jefferies Financial Group started coverage on shares of Jersey Mike’s in a report on Monday. They issued a “positive” rating for the company. Piper Sandler assumed coverage on Jersey Mike’s in a report on Monday. They set an “overweight” rating and a $29.00 target price on the stock. Stifel Nicolaus initiated coverage on Jersey Mike’s in a research report on Monday. They issued a “buy” rating and a $27.00 price target for the company. UBS Group set a $27.00 price target on Jersey Mike’s in a research note on Monday. Finally, Wells Fargo & Company initiated coverage on Jersey Mike’s in a report on Monday. They set a “neutral” rating and a $25.00 price objective on the stock. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.77.

Jersey Mike’s Trading Down 0.3%

JMKE stock opened at $23.80 on Monday. Jersey Mike’s has a 12 month low of $20.63 and a 12 month high of $24.99.

Insider Activity

In other news, CAO James J. Whalen bought 2,500 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $57,500.00. Following the purchase, the chief accounting officer owned 2,500 shares of the company’s stock, valued at $57,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michele Allen bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $23.00 per share, for a total transaction of $69,000.00. Following the acquisition, the chief financial officer directly owned 1,500 shares in the company, valued at approximately $34,500. This trade represents a -200.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 31,584 shares of company stock valued at $726,432 in the last quarter.

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.