Wall Street Zen Upgrades Jersey Mike’s (NYSE:JMKE) to “Hold”

Jersey Mike’s (NYSE:JMKE) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

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

Jersey Mike’s Stock Up 0.1%

Shares of JMKE opened at $22.93 on Friday. Jersey Mike’s has a 1 year low of $20.63 and a 1 year high of $24.99.

Insider Activity

In other news, CFO Michele Allen acquired 3,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of $23.00 per share, for a total transaction of $69,000.00. Following the transaction, the chief financial officer directly owned 1,500 shares in the company, valued at approximately $34,500. This represents a -200.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CAO James J. Whalen acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $57,500.00. Following the purchase, the chief accounting officer directly owned 2,500 shares in the company, valued at $57,500. This trade represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 31,584 shares of company stock worth $726,432 in the last 90 days.

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.