Jersey Mike's (NYSE:JMKE) Price Target Cut to $25.00 by Analysts at BTIG Research

Key Points

• BTIG Research cut Jersey Mike’s price target to $25 from $28 while maintaining a “buy” rating, implying approximately 33.6% upside from the stock’s $18.71 price. The broader analyst consensus remains “Moderate Buy,” with a $27.13 target.
• Jersey Mike’s reported quarterly EPS of $0.23, surpassing the $0.16 estimate, while revenue rose 10% year over year to $209 million. However, disappointing comparable-store sales and several recent target reductions signal concerns about traffic, margins and near-term growth.
• Management expects at least 20% adjusted EBITDA growth in 2026 and authorized a $100 million share-repurchase program, while the company also declared a $0.35 special dividend. Insider activity was mixed, with substantial shareholder sales outweighing recent insider purchases.

Jersey Mike's (NYSE:JMKE - Get Free Report) had its price target decreased by stock analysts at BTIG Research from $28.00 to $25.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. BTIG Research's target price suggests a potential upside of 33.62% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Jersey Mike's in a research note on Monday, August 24th. They issued a "buy" rating and a $27.00 price target on the stock. Raymond James Financial decreased their price objective on Jersey Mike's from $29.00 to $26.00 and set an "outperform" rating for the company in a report on Friday, October 16th. Truist Financial lowered their target price on Jersey Mike's from $30.00 to $27.00 and set a "buy" rating on the stock in a research report on Thursday. Melius Research started coverage on Jersey Mike's in a report on Thursday, July 30th. They set a "buy" rating and a $30.00 target price on the stock. Finally, Wells Fargo & Company dropped their target price on Jersey Mike's from $25.00 to $21.00 and set an "equal weight" rating on the stock in a report on Thursday. Twenty-one analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $27.13.

Jersey Mike's Stock Performance

Shares of NYSE:JMKE traded up $1.28 during mid-day trading on Thursday, reaching $18.71. The stock had a trading volume of 5,548,361 shares, compared to its average volume of 3,308,909. The stock has a 50 day moving average of $19.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.82 and a quick ratio of 1.82. Jersey Mike's has a twelve month low of $15.96 and a twelve month high of $24.99.

Jersey Mike's (NYSE:JMKE - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. The firm had revenue of $209.00 million during the quarter. Jersey Mike's's revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Jersey Mike's will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Abu Dhabi Investment Authority sold 4,411,064 shares of the 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 owned 36,114,272 shares of the company's stock, valued at approximately $789,096,843.20. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stacy Peterson bought 15,000 shares of the firm's stock in a transaction on 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 owned 15,000 shares of the company's stock, valued at approximately $345,000. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 31,584 shares of company stock worth $726,432 and have sold 9,938,318 shares worth $217,152,248.

Key Jersey Mike's News

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.

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