Insider Selling: Jersey Mike’s (NYSE:JMKE) Major Shareholder Sells $8,349,627.90 in Stock

Jersey Mike’s (NYSE:JMKE) major shareholder Abu Dhabi Investment Authority sold 382,134 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 transaction of $8,349,627.90. Following the transaction, the insider directly owned 35,732,138 shares of the company’s stock, valued at approximately $780,747,215.30. This represents a 1.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 stock was sold at an average price of $21.85, for a total transaction of $96,381,748.40.

Jersey Mike’s Trading Up 2.3%

NYSE JMKE opened at $22.51 on Friday. Jersey Mike’s has a 1 year low of $20.63 and a 1 year high of $24.99.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Sanford C. Bernstein initiated coverage on Jersey Mike’s in a research report on Monday, August 24th. They set a “market perform” rating and a $26.00 target price for the company. Loop Capital initiated coverage on Jersey Mike’s in a report on Monday, August 24th. They issued a “buy” rating and a $40.00 price target on the stock. Stifel Nicolaus started coverage on Jersey Mike’s in a research report on Monday, August 24th. They set a “buy” rating and a $27.00 price target for the company. Raymond James Financial started coverage on Jersey Mike’s in a report on Monday, August 24th. They set an “outperform” rating and a $29.00 price objective for the company. Finally, TD Cowen assumed coverage on shares of Jersey Mike’s in a research report on Monday, August 24th. They issued a “buy” rating and a $26.00 price objective on the stock. Twenty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average 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: 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.