Jersey Mike’s (NYSE:JMKE) Upgraded at Royal Bank Of Canada

Jersey Mike’s (NYSE:JMKE) was upgraded by equities researchers at Royal Bank Of Canada to a “moderate buy” rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on JMKE. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Jersey Mike’s in a research note on Monday. They set a “buy” rating and a $27.00 price target for the company. Truist Financial initiated coverage on shares of Jersey Mike’s in a research note on Monday. They set a “buy” rating and a $30.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of Jersey Mike’s in a report on Monday. They set a “buy” rating and a $29.00 price objective for the company. Stifel Nicolaus assumed coverage on shares of Jersey Mike’s in a research note on Monday. They issued a “buy” rating and a $27.00 target price for the company. Finally, Morgan Stanley began coverage on Jersey Mike’s in a research report on Monday. They set an “overweight” rating and a $29.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Jersey Mike’s currently has an average rating of “Moderate Buy” and an average price target of $28.43.

Jersey Mike’s Stock Performance

Shares of JMKE opened at $23.55 on Monday. Jersey Mike’s has a 12-month low of $20.63 and a 12-month high of $24.99.

Insider Activity at Jersey Mike’s

In other Jersey Mike’s news, major shareholder Abu Dhabi Investment Authority sold 4,411,064 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $21.85, for a total value of $96,381,748.40. Following the completion of the transaction, the insider directly owned 36,114,272 shares of the company’s stock, valued at approximately $789,096,843.20. The trade was a 10.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO James J. Whalen bought 2,500 shares of Jersey Mike’s stock in a transaction dated Friday, July 31st. The shares were bought at an average price of $23.00 per share, for a total transaction of $57,500.00. Following the completion of the transaction, the chief accounting officer directly owned 2,500 shares of the company’s stock, valued at $57,500. This represents a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 31,584 shares of company stock worth $726,432 in the last quarter.

More Jersey Mike’s News

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

• Positive Sentiment: Wall Street analysts overwhelmingly initiated coverage with bullish ratings. Jefferies, UBS and Bank of America each assigned a Buy rating, with price targets of $29, $28 and $27, respectively. Jersey Mike’s gets initial Buy ratings across major banks
• Positive Sentiment: Additional firms—including Truist, Mizuho, Piper Sandler, Morgan Stanley, Loop Capital and Evercore—also issued Buy, Outperform or Overweight ratings. Published targets ranged from $26 to $40, all above the company’s recent trading level, signaling substantial expected upside.
• Positive Sentiment: Analysts highlighted Jersey Mike’s scalable, high-margin franchise model, strong same-store sales potential and a long runway for domestic and international restaurant expansion. Bank of America also cited visible drivers for continued market-share gains. Jersey Mike’s Subs Has Visible Same-Store Sales Drivers for Continued Share Gains
• Positive Sentiment: UBS pointed to the company’s solid operating track record and sizable growth opportunity, while other analysts suggested Jersey Mike’s could eventually challenge Subway’s position as the leading sandwich chain. Jersey Mike’s Subs Has Solid Track Record, Facing Sizable Growth
• Neutral Sentiment: The concentration of new ratings immediately after the IPO quiet period may have already been anticipated by investors, potentially limiting the short-term reaction. JMKE remains a newly public company, so trading volatility and valuation sensitivity are likely to remain elevated.

About Jersey Mike’s

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.