Jersey Mike’s (NYSE:JMKE) Research Coverage Started at Loop Capital

Loop Capital assumed coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research report released on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $40.00 price objective on the stock.

JMKE has been the subject of a number of other research reports. Mizuho assumed 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Jersey Mike’s in a research report on Monday. They set a “buy” rating and a $27.00 target price on the stock. Bank of America started coverage on Jersey Mike’s in a report on Monday. They issued a “buy” rating and a $27.00 price target for the company. Evercore began coverage on Jersey Mike’s in a research note on Monday. They set an “outperform” rating and a $28.00 price target on the stock. Finally, Melius Research started coverage on Jersey Mike’s in a research note on Thursday, July 30th. They set a “buy” rating and a $30.00 price target on the stock. Twenty-one equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.35.

Jersey Mike’s Price Performance

Jersey Mike’s stock opened at $22.36 on Monday. Jersey Mike’s has a 52 week low of $20.63 and a 52 week high of $24.99.

Insider Buying and Selling at Jersey Mike’s

In related news, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the business’s stock in a transaction that occurred 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 directly owned 143,699 shares in the company, valued at approximately $3,139,823.15. The trade was a 94.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Abu Dhabi Investment Authority sold 4,411,064 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $21.85, for a total transaction of $96,381,748.40. Following the completion of the sale, the insider owned 36,114,272 shares of the company’s stock, valued at approximately $789,096,843.20. The trade was a 10.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 31,584 shares of company stock worth $726,432 and sold 9,556,184 shares worth $208,802,620.

Jersey Mike’s News Roundup

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.