Jersey Mike’s (NYSE:JMKE) Stock Gets Price Target Reduction from Sanford C. Bernstein

Jersey Mike’s (NYSE:JMKE) had its price objective cut by investment analysts at Sanford C. Bernstein from $27.00 to $23.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Sanford C. Bernstein‘s price objective points to a potential upside of 22.93% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird initiated coverage on Jersey Mike’s in a report on Monday, August 24th. They issued an “outperform” rating and a $27.00 target price for the company. Wolfe Research assumed coverage on Jersey Mike’s in a report on Monday, August 24th. They set a “peer perform” rating on the stock. Royal Bank Of Canada reduced their price objective on shares of Jersey Mike’s from $29.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday. Tigress Financial lifted their price objective on shares of Jersey Mike’s from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 11th. Finally, Mizuho dropped their target price on shares of Jersey Mike’s from $31.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, September 10th. Twenty-one investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Jersey Mike’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.96.

Jersey Mike’s Stock Performance

Jersey Mike’s stock traded up $1.28 during trading hours on Thursday, reaching $18.71. 5,548,818 shares of the company’s stock were exchanged, compared to its average volume of 3,308,990. The stock’s 50 day moving average price is $19.19. Jersey Mike’s has a twelve month low of $15.96 and a twelve month high of $24.99. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36.

Jersey Mike’s (NYSE:JMKE) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $209.00 million during the quarter. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that Jersey Mike’s will post 0.65 EPS for the current year.

Insider Activity

In other Jersey Mike’s news, COO Stacy Peterson bought 15,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of $23.00 per share, for a total transaction of $345,000.00. Following the acquisition, the chief operating officer directly owned 15,000 shares of the company’s stock, valued at approximately $345,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Submarine Buyer Llc sold 2,572,560 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total transaction of $56,210,436.00. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 31,584 shares of company stock valued at $726,432 and sold 9,938,318 shares valued at $217,152,248.

More Jersey Mike’s News

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

• Positive Sentiment: Jersey Mike’s reported third-quarter adjusted EPS of $0.23, above the $0.16 analyst consensus, while revenue rose 10% year over year to $209 million. Jersey Mike’s third-quarter earnings report
• Positive Sentiment: Management expects at least 20% adjusted EBITDA growth in 2026, supporting a stronger forward earnings outlook. Jersey Mike’s EBITDA outlook and buyback announcement
• Positive Sentiment: The board authorized a $100 million share-repurchase program and declared a special dividend of $0.35 per share, adding to the stock’s appeal for investors seeking capital returns. Jersey Mike’s fiscal third-quarter results and capital returns
• Positive Sentiment: Digital sales represented 43% of third-quarter revenue, while same-store sales increased 3% year over year, indicating continued customer engagement and digital-channel adoption. Jersey Mike’s long-term investor takeaways
• Neutral Sentiment: Analysts remain broadly constructive: TD Cowen, Stifel Nicolaus, BTIG Research, Truist Financial and RBC maintain buy or outperform ratings. Their targets imply meaningful upside, although each firm reduced its target, suggesting more cautious assumptions about valuation or growth.
• Negative Sentiment: Wells Fargo lowered its target to $21 from $25 and kept an equal-weight rating. The broader target reductions, including RBC’s cut to $25 from $29 and Truist’s cut to $27 from $30, highlight concerns despite the earnings beat. RBC target reduction for Jersey Mike’s
• Negative Sentiment: Comparable-store sales growth was viewed as disappointing, tempering the positive impact of the revenue and adjusted-EPS beats. Jersey Mike’s comparable-store sales report

About Jersey Mike’s

Jersey Mike’s, commonly known as Jersey Mike’s Subs, is a fast-casual restaurant company focused on submarine sandwiches and related food offerings. Its menu includes hot and cold subs, wraps, salads, beverages and desserts, with catering services also available at many locations.

The business operates primarily through a franchise-based model under the Jersey Mike’s Subs brand. Restaurants are known for preparing sandwiches to order, including sliced meats and cheeses, fresh vegetables and the company’s signature “Mike’s Way” preparation.

Jersey Mike’s traces its roots to 1956, when the original submarine shop opened in Point Pleasant, New Jersey.