Jersey Mike’s (NYSE:JMKE) COO Buys $345,000.00 in Stock

Jersey Mike’s (NYSE:JMKE) COO Stacy Peterson bought 15,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $23.00 per share, for a total transaction of $345,000.00. Following the purchase, the chief operating officer directly owned 15,000 shares in the company, valued at approximately $345,000. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jersey Mike’s Stock Down 1.7%

NYSE:JMKE opened at $22.75 on Friday. Jersey Mike’s has a 1-year low of $20.63 and a 1-year high of $24.99.

Analysts Set New Price Targets

Separately, Melius Research assumed coverage on Jersey Mike’s in a report on Thursday, July 30th. They set a “buy” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target 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.