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

Jersey Mike’s (NYSE:JMKE)‘s stock had its “buy” rating reiterated by stock analysts at TD Cowen in a note issued to investors on Wednesday, Benzinga reports. They currently have a $22.00 price objective on the stock. TD Cowen‘s target price would suggest a potential upside of 26.13% from the stock’s previous close.

JMKE has been the topic of several other reports. Robert W. Baird began coverage on Jersey Mike’s in a research note on Monday, August 24th. They issued an “outperform” rating and a $27.00 price objective on the stock. Jefferies Financial Group cut 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. Piper Sandler assumed coverage on Jersey Mike’s in a research note on Monday, August 24th. They issued an “overweight” rating and a $29.00 price target on the stock. Mizuho lowered their price target on 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. Finally, UBS Group reiterated a “buy” rating on shares of Jersey Mike’s in a research note on Wednesday. Twenty-one equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus 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 current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36. The company’s 50-day simple moving average is $19.19. Jersey Mike’s has a twelve month low of $15.96 and a twelve month high of $24.99.

Jersey Mike’s (NYSE:JMKE) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. The business had revenue of $209.00 million during the quarter. Jersey Mike’s’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities analysts forecast that Jersey Mike’s will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Jersey Mike’s

In other Jersey Mike’s news, major shareholder Submarine Buyer Llc sold 2,572,560 shares of Jersey Mike’s stock in a transaction 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 transaction, the insider 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Stacy Peterson acquired 15,000 shares of Jersey Mike’s stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $23.00 per share, for a total transaction of $345,000.00. Following the purchase, the chief operating officer owned 15,000 shares of the company’s stock, valued at approximately $345,000. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 31,584 shares of company stock worth $726,432 and have sold 9,938,318 shares worth $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.