Jersey Mike’s (NYSE:JMKE) Stock Gets Price Target Trim from Wells Fargo & Company

Jersey Mike’s (NYSE:JMKE) had its target price lowered by Wells Fargo & Company from $25.00 to $21.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

JMKE has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Jersey Mike’s in a research report on Monday, August 24th. They issued a “buy” rating and a $27.00 target price on the stock. Evercore began coverage on Jersey Mike’s in a research report on Monday, August 24th. They set an “outperform” rating and a $28.00 price target for the company. BTIG Research reaffirmed a “buy” rating and set a $28.00 price target on shares of Jersey Mike’s in a research note on Thursday, September 10th. Royal Bank Of Canada raised their price target on shares of Jersey Mike’s from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, September 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Jersey Mike’s from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Twenty-one 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.96.

Jersey Mike’s Price Performance

JMKE opened at $18.24 on Thursday. The firm has a 50-day moving average price of $19.01. Jersey Mike’s has a 1 year low of $15.96 and a 1 year high of $24.99. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.82 and a current ratio of 2.81.

Jersey Mike’s (NYSE:JMKE) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The firm had revenue of $209.00 million during the quarter. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts anticipate that Jersey Mike’s will post 0.65 EPS for the current year.

Jersey Mike’s Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be issued a $0.35 dividend. The ex-dividend date is Thursday, November 5th.

Insider Activity at Jersey Mike’s

In related news, major shareholder Submarine Buyer Llc 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 transaction of $56,210,436.00. Following the completion of the transaction, the insider directly owned 143,699 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, 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 shares were sold at an average price of $21.85, for a total value of $56,210,436.00. Following the transaction, the insider directly owned 143,699 shares of the company’s stock, valued at $3,139,823.15. This trade represents a 94.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 5,527,254 shares of company stock valued at $120,770,500.

Jersey Mike’s News Summary

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

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.