Jersey Mike’s (NYSE:JMKE) CAO James Whalen Acquires 2,500 Shares of Stock

Jersey Mike’s (NYSE:JMKE) CAO James Whalen bought 2,500 shares of the business’s stock in a transaction on Friday, July 31st. The stock was purchased at an average cost of $23.00 per share, for a total transaction of $57,500.00. Following the transaction, the chief accounting officer owned 2,500 shares of the company’s stock, valued at $57,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jersey Mike’s Stock Performance

Shares of JMKE traded down $1.24 during midday trading on Tuesday, hitting $23.23. 4,789,280 shares of the stock were exchanged, compared to its average volume of 7,498,739. Jersey Mike’s has a 52-week low of $20.63 and a 52-week high of $24.99.

Analysts Set New Price Targets

Separately, Melius Research began coverage on Jersey Mike’s in a report on Thursday, July 30th. They set a “buy” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $30.00.

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.