Jersey Mike’s (NYSE:JMKE) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Jersey Mike’s (NYSE:JMKE) to a hold rating in a research note released on Saturday.

Separately, Melius Research began coverage on shares of Jersey Mike’s in a research report on Thursday, July 30th. They set a “buy” rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Jersey Mike’s currently has an average rating of “Buy” and a consensus price target of $30.00.

Jersey Mike’s Price Performance

Jersey Mike’s stock opened at $22.93 on Friday. Jersey Mike’s has a 1-year low of $20.63 and a 1-year high of $24.99.

Insiders Place Their Bets

In other Jersey Mike’s news, CFO Michele Allen purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $69,000.00. Following the completion of the acquisition, the chief financial officer owned 1,500 shares of the company’s stock, valued at $34,500. The trade was a -200.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James J. Whalen purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $23.00 per share, for a total transaction of $57,500.00. Following the completion of the acquisition, the chief accounting officer directly owned 2,500 shares of the company’s stock, valued at $57,500. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 31,584 shares of company stock valued at $726,432.

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.