Jersey Mike’s (NYSE:JMKE) Stock Gets Price Target Cut from Stifel Nicolaus

Jersey Mike’s (NYSE:JMKE) had its price target decreased by equities research analysts at Stifel Nicolaus from $27.00 to $25.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective points to a potential upside of 43.32% from the stock’s current price.

A number of other analysts have also commented on the company. Loop Capital started coverage on Jersey Mike’s in a research report on Monday, August 24th. They issued a “buy” rating and a $40.00 target price for the company. Mizuho cut their price target on Jersey Mike’s from $31.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday, September 10th. Jefferies Financial Group reduced their price objective on Jersey Mike’s from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Guggenheim raised their price objective on Jersey Mike’s from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, September 11th. Finally, The Goldman Sachs Group started coverage on Jersey Mike’s in a report on Tuesday, August 25th. They set a “neutral” rating and a $26.00 price objective for the company. Twenty-one analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Jersey Mike’s currently has an average rating of “Moderate Buy” and a consensus price target of $27.70.

Jersey Mike’s Stock Performance

JMKE stock opened at $17.44 on Thursday. The firm has a fifty day moving average price of $19.19. Jersey Mike’s has a 12-month low of $15.96 and a 12-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 for the quarter, beating the consensus estimate of $0.16 by $0.07. The company 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. Sell-side analysts expect that Jersey Mike’s will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Jersey Mike’s

In other news, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total value of $56,210,436.00. Following the completion of the sale, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Stacy Peterson bought 15,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was 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. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 31,584 shares of company stock worth $726,432 and have sold 9,938,318 shares worth $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 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

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.