Jersey Mike’s (NYSE:JMKE) Stock Price Target Lowered at Royal Bank Of Canada

Jersey Mike’s (NYSE:JMKE) had its price objective reduced by equities researchers at Royal Bank Of Canada from $29.00 to $25.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 33.62% from the company’s current price.

A number of other research firms have also issued reports on JMKE. Evercore started coverage on shares of Jersey Mike’s in a research note on Monday, August 24th. They set an “outperform” rating and a $28.00 price objective on the stock. UBS Group set a $25.00 target price on shares of Jersey Mike’s in a research note on Thursday. Melius Research assumed coverage on shares of Jersey Mike’s in a report on Thursday, July 30th. They set a “buy” rating and a $30.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of Jersey Mike’s in a research note on Wednesday, September 9th. Finally, Guggenheim boosted their price objective on shares of Jersey Mike’s from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Twenty-one research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Jersey Mike’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.26.

Jersey Mike’s Stock Performance

Shares of NYSE:JMKE traded up $1.28 during mid-day trading on Thursday, hitting $18.71. 5,543,607 shares of the company traded hands, compared to its average volume of 3,294,055. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 1.82. Jersey Mike’s has a 52-week low of $15.96 and a 52-week high of $24.99. The stock’s 50 day moving average price is $19.19.

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

Insider Buying and Selling at Jersey Mike’s

In other Jersey Mike’s news, major shareholder Abu Dhabi Investment Authority sold 4,411,064 shares of the stock in a transaction 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 sale, the insider directly owned 36,114,272 shares of the company’s stock, valued at $789,096,843.20. This trade represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michele Allen bought 10,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was bought at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the purchase, the chief financial officer directly owned 10,043 shares of the company’s stock, valued at $230,989. The trade was a 23,255.81% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 31,584 shares of company stock worth $726,432 and have sold 9,938,318 shares worth $217,152,248.

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 EPS of $0.23, above the $0.16 consensus estimate, while revenue increased 10% year over year to $209 million. The earnings beat likely supported the stock. Earnings Flash: Jersey Mike’s Q3 adjusted EPS
• 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 signaling confidence in the business. Jersey Mike’s EBITDA outlook and buyback
• Positive Sentiment: The company declared a special dividend of $0.35 per share, payable November 19 to eligible shareholders. Digital sales reached 43% of revenue, and same-store sales rose 3%, indicating continued customer engagement and digital adoption. Jersey Mike’s special dividend
• Positive Sentiment: TD Cowen, Stifel and Truist maintained buy-equivalent ratings, with price targets ranging from $22 to $27, all above the recent trading level. Analyst ratings
• Neutral Sentiment: RBC, Truist, Wells Fargo and Stifel lowered their price targets to $25, $27, $21 and $25, respectively. Although the targets imply upside, the reductions suggest analysts see more limited near-term upside than previously expected. RBC lowers Jersey Mike’s price target
• Negative Sentiment: Comparable-store sales growth disappointed expectations, while coverage highlighted a quarterly loss on higher revenue. These results raise concerns about traffic, margins and the pace of restaurant-level growth. Jersey Mike’s comparable-store sales

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.