Jersey Mike’s (NYSE:JMKE) Stock Keeps “Buy” Rating at TD Cowen

TD Cowen reaffirmed their buy rating on shares of Jersey Mike’s (NYSE:JMKE) in a research report report published on Wednesday,Benzinga reports. TD Cowen currently has a $22.00 target price on the stock.

JMKE has been the subject of several other research reports. Truist Financial started coverage on shares of Jersey Mike’s in a report on Monday, August 24th. They issued a “buy” rating and a $30.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Jersey Mike’s in a research report on Monday, August 24th. They set a “buy” rating and a $27.00 price target on the stock. Morgan Stanley initiated coverage on shares of Jersey Mike’s in a research note on Monday, August 24th. They issued an “overweight” rating and a $29.00 price target for the company. Stifel Nicolaus assumed coverage on Jersey Mike’s in a report on Monday, August 24th. They set a “buy” rating and a $27.00 target price on the stock. Finally, Wall Street Zen upgraded Jersey Mike’s from a “sell” rating to a “hold” rating in a research report on Sunday, September 13th. Twenty-one research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.78.

Jersey Mike’s Trading Up 2.8%

Shares of Jersey Mike’s stock opened at $17.44 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 1.82. Jersey Mike’s has a twelve month low of $15.96 and a twelve month high of $24.99. The business’s 50 day moving average is $19.19.

Jersey Mike’s (NYSE:JMKE) last posted its earnings results 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 firm had revenue of $209.00 million for the quarter. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Research analysts anticipate that Jersey Mike’s will post 0.65 earnings per share for the current fiscal year.

Jersey Mike’s Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be issued a $0.35 dividend. The ex-dividend date is Thursday, November 5th.

Insiders Place Their Bets

In related news, major shareholder Submarine Buyer Llc sold 2,572,560 shares of the firm’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 $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. This trade represents a 94.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 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 owned 143,699 shares in the company, valued at approximately $3,139,823.15. This represents a 94.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 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: Jersey Mike’s reported third-quarter EPS of $0.23, beating the $0.16 consensus estimate, while revenue rose 10% year over year to $209 million. Earnings Flash
• Positive Sentiment: Management expects at least 20% adjusted EBITDA growth in 2026, signaling confidence in profitability and operating momentum. EBITDA Outlook and Buyback
• Positive Sentiment: The board authorized a $100 million share-repurchase program and declared a special dividend of $0.35 per share, payable November 19 to shareholders of record November 5. These actions may support per-share value and improve investor sentiment. Fiscal Results, Buyback and Dividend
• Positive Sentiment: Digital orders accounted for 43% of third-quarter revenue, while same-store sales still grew 3% year over year, highlighting continued customer engagement and digital adoption. Three Key Takeaways
• Neutral Sentiment: One valuation analysis argued that Jersey Mike’s could be substantially undervalued—potentially 97% below estimated fair value—but that conclusion depends on the model’s assumptions and is not a company forecast. Fair Value Analysis
• Negative Sentiment: Although revenue and adjusted EPS exceeded estimates, comparable-store sales were viewed as disappointing, raising concerns about slowing underlying traffic and sales momentum. 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.