Jersey Mike’s (NYSE:JMKE) Research Coverage Started at Tigress Financial

Tigress Financial assumed coverage on shares of Jersey Mike’s (NYSE:JMKE) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $29.00 target price on the stock.

A number of other analysts also recently weighed in on JMKE. Loop Capital started coverage on shares of Jersey Mike’s in a report on Monday, August 24th. They issued a “buy” rating and a $40.00 price target for the company. Wells Fargo & Company initiated coverage on shares of Jersey Mike’s in a research report on Monday. They set an “equal weight” rating and a $25.00 price objective for the company. Melius Research initiated coverage on shares of Jersey Mike’s in a research note on Thursday, July 30th. They issued a “buy” rating and a $30.00 target price for the company. William Blair assumed coverage on Jersey Mike’s in a research note on Monday. They set an “outperform” rating on the stock. Finally, Truist Financial assumed coverage on Jersey Mike’s in a report on Monday, August 24th. They issued a “buy” rating and a $30.00 price target for the company. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.35.

Jersey Mike’s Trading Up 2.3%

Shares of NYSE JMKE opened at $22.51 on Wednesday. Jersey Mike’s has a 12 month low of $20.63 and a 12 month high of $24.99.

Insider Activity at Jersey Mike’s

In other news, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total value of $56,210,436.00. Following the sale, the insider directly owned 143,699 shares in the company, valued at approximately $3,139,823.15. This represents a 94.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Submarine Buyer Llc sold 2,572,560 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 value of $56,210,436.00. Following the completion of the transaction, the insider directly owned 143,699 shares of the company’s stock, valued at approximately $3,139,823.15. The trade was a 94.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders acquired 31,584 shares of company stock valued at $726,432 and sold 9,938,318 shares valued at $217,152,248.

Jersey Mike’s News Roundup

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

• Positive Sentiment: Bank of America’s outlook highlighted Jersey Mike’s store-location strategy, suggesting that disciplined expansion and selecting attractive markets could support continued unit growth. Jersey Mike’s store location plan sparks Bank of America outlook
• Positive Sentiment: Loop Capital set a bullish $40 price target, substantially above recent trading levels, reinforcing the potential upside tied to Jersey Mike’s growth strategy. Loop Capital sets $40 Jersey Mike’s stock price target
• Positive Sentiment: Tigress Financial initiated coverage of JMKE, adding another research firm to the stock’s expanding analyst base. Recent coverage has generally been favorable, with the broader analyst consensus at “Moderate Buy” and an average target of about $28.35. Tigress Financial initiates Jersey Mike’s coverage
• Neutral Sentiment: Zacks Research upgraded Jersey Mike’s to “hold.” The change may reduce downside pressure, but it does not represent a strong bullish endorsement. Zacks upgrades Jersey Mike’s to hold
• Negative Sentiment: Blackstone II Holdings sold 2.57 million shares for approximately $56.2 million, reducing its disclosed position by 94.71%. The large disposition could weigh on sentiment and add near-term share supply. Blackstone II sells Jersey Mike’s shares
• Negative Sentiment: Abu Dhabi Investment Authority sold 382,134 shares worth approximately $8.35 million, trimming its stake by 1.06%. Although relatively modest, the sale adds to concerns about major-holder selling. Abu Dhabi Investment Authority SEC filing

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.