Jersey Mike’s (NYSE:JMKE) Stock Gets Price Target Cut from Royal Bank Of Canada

Jersey Mike’s (NYSE:JMKE) had its target price trimmed by Royal Bank Of Canada from $29.00 to $25.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other analysts have also recently commented on the company. Truist Financial reduced their target price on Jersey Mike’s from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group began coverage on Jersey Mike’s in a research note on Tuesday, August 25th. They issued a “neutral” rating and a $26.00 target price for the company. TD Cowen reaffirmed a “buy” rating and issued a $22.00 target price on shares of Jersey Mike’s in a research report on Wednesday. Jefferies Financial Group decreased their target price on Jersey Mike’s from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Finally, Morgan Stanley began coverage on Jersey Mike’s in a research note on Monday, August 24th. They set an “overweight” rating and a $29.00 price target on the stock. Twenty-one research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.96.

Jersey Mike’s Stock Down 2.9%

JMKE stock opened at $18.24 on Thursday. The company’s fifty day simple moving average is $19.01. Jersey Mike’s has a 52-week low of $15.96 and a 52-week high of $24.99. The company has a quick ratio of 1.82, a current ratio of 2.81 and a debt-to-equity ratio of 1.15.

Jersey Mike’s (NYSE:JMKE) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $209.00 million for the quarter. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities 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 declared a special dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, November 5th.

Insiders Place Their Bets

In other Jersey Mike’s news, major shareholder Abu Dhabi Investment Authority sold 382,134 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total value 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 trade represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Submarine Buyer Llc sold 2,572,560 shares of Jersey Mike’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 transaction, the insider owned 143,699 shares of the company’s stock, valued at $3,139,823.15. This represents a 94.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 5,527,254 shares of company stock worth $120,770,500.

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 adjusted earnings of $0.23 per share, above the $0.16 consensus estimate, while revenue reached $209 million, up 10% year over year. Jersey Mike’s Q3 2026 Earnings Call Transcript
• Positive Sentiment: Management expects at least 20% adjusted EBITDA growth in 2026 and authorized a $100 million share-repurchase program, providing potential support for earnings per share and shareholder returns. Jersey Mike’s EBITDA Outlook and Buyback
• Positive Sentiment: Third-quarter same-store sales increased 3% and digital sales represented 43% of total revenue, indicating continued customer demand and progress in digital ordering. Jersey Mike’s Long-Term Investor Takeaways
• Positive Sentiment: The company declared a $0.35-per-share special dividend, payable November 19 to shareholders of record November 5. TD Cowen also reaffirmed its “buy” rating with a $22 price target.
• Neutral Sentiment: Despite the target reductions, several firms continue to recommend the stock: BTIG, Truist and Stifel maintained “buy” ratings, while RBC kept an “outperform” rating.
• Negative Sentiment: Analysts broadly lowered their targets following the earnings release: Bernstein cut its target to $23 and moved to “market perform”; RBC and BTIG reduced targets to $25; Truist cut to $27; Stifel to $25; and Wells Fargo to $21 with an “equal weight” rating. Although these targets remain above the current quotation, the coordinated reductions likely explain the cautious investor reaction. RBC Cuts Jersey Mike’s Price Target

Jersey Mike’s Company Profile

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.