Jersey Mike’s (NYSE:JMKE) CAO Acquires $57,500.00 in Stock

Jersey Mike’s (NYSE:JMKE) CAO James Whalen purchased 2,500 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $23.00 per share, with a total value of $57,500.00. Following the completion of the acquisition, the chief accounting officer owned 2,500 shares in the company, valued at approximately $57,500. This represents a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Jersey Mike’s Trading Down 1.7%

Jersey Mike’s stock opened at $22.75 on Friday. Jersey Mike’s has a 12-month low of $20.63 and a 12-month high of $24.99.

Analysts Set New Price Targets

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

Jersey Mike’s Company Profile

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.