Jersey Mike’s (NYSE:JMKE) Stock Price Target Lowered at Truist Financial

Jersey Mike’s (NYSE:JMKE) had its target price lowered by equities research analysts at Truist Financial from $30.00 to $27.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial‘s price target indicates a potential upside of 49.66% from the stock’s current price.

Several other analysts also recently commented on JMKE. Tigress Financial upped their price target on shares of Jersey Mike’s from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Guggenheim lifted their price objective on shares of Jersey Mike’s from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, September 11th. Morgan Stanley assumed 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 objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of Jersey Mike’s from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Finally, Evercore started coverage on Jersey Mike’s in a report on Monday, August 24th. They set an “outperform” rating and a $28.00 price target on the stock. Twenty-one research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.39.

Jersey Mike’s Trading Up 3.5%

NYSE:JMKE traded up $0.61 during mid-day trading on Thursday, reaching $18.04. 1,483,011 shares of the stock were exchanged, compared to its average volume of 3,239,367. Jersey Mike’s has a 1 year low of $15.96 and a 1 year high of $24.99. The company has a 50 day moving average of $19.19. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.36.

Jersey Mike’s (NYSE:JMKE) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The firm had revenue of $209.00 million during the quarter. Jersey Mike’s’s revenue was up 10.0% on a year-over-year basis. On average, research analysts anticipate that Jersey Mike’s will post 0.65 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total value of $56,210,436.00. Following the sale, the insider directly owned 143,699 shares in the company, valued at $3,139,823.15. The trade was a 94.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Abu Dhabi Investment Authority sold 4,411,064 shares of Jersey Mike’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $21.85, for a total value of $96,381,748.40. Following the transaction, the insider owned 36,114,272 shares of the company’s stock, valued at $789,096,843.20. This represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 31,584 shares of company stock valued at $726,432 and sold 9,938,318 shares valued at $217,152,248.

Key Headlines Impacting Jersey Mike’s

Here are the key news stories impacting Jersey Mike’s this week:

• Positive Sentiment: Q3 earnings exceeded expectations: Adjusted EPS was $0.23 versus the $0.16 consensus estimate, while revenue rose 10% year over year to $209 million. Jersey Mike’s Q3 earnings report
• Positive Sentiment: Growth and operating initiatives remain supportive: Digital sales reached 43% of third-quarter revenue, same-store sales increased 3%, and management expects at least 20% adjusted EBITDA growth in 2026. Jersey Mike’s long-term investor takeaways
• Positive Sentiment: Capital returns could bolster sentiment: Jersey Mike’s 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. Jersey Mike’s Q3 results, buyback and dividend
• Neutral Sentiment: Analyst views remain constructive but more cautious: TD Cowen reaffirmed a Buy rating with a $22 target, while Stifel maintained Buy at $25. Wells Fargo lowered its target to $21 and assigned an Equal Weight rating. All three targets remain above the current trading level. Wells Fargo Jersey Mike’s rating
• Negative Sentiment: Comparable-store sales were a concern: Although sales increased, same-store performance disappointed expectations, raising questions about customer demand and the pace of organic growth. Jersey Mike’s comparable-store sales report
• Negative Sentiment: Price targets were reduced: Wells Fargo cut its target by $4 and Stifel lowered its target by $2, signaling that analysts see less near-term upside despite retaining generally favorable ratings.

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.