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

Key Points

• Stifel Nicolaus cut Jersey Mike’s price target from $27 to $25 while maintaining a “buy” rating, implying 43.32% upside from the prior close. Analysts overall maintain a “Moderate Buy” consensus with an average target of $27.70.
• Jersey Mike’s reported quarterly EPS of $0.23, beating the $0.16 estimate, while revenue increased 10% year over year to $209 million. However, analysts noted disappointing comparable-store sales as a potential sign of slowing underlying momentum.
• Insider activity was mixed: Blackstone sold roughly 2.57 million shares for $56.2 million, while the company’s CFO purchased 3,000 shares. Over the past 90 days, insiders sold substantially more stock than they bought.

Jersey Mike's (NYSE:JMKE - Get Free Report) had its price target cut by investment analysts at Stifel Nicolaus from $27.00 to $25.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus's price objective would suggest a potential upside of 43.32% from the stock's previous close.

A number of other equities research analysts also recently weighed in on JMKE. JPMorgan Chase & Co. reduced their target price on Jersey Mike's from $26.00 to $24.00 and set an "overweight" rating on the stock in a report on Tuesday, September 29th. Sanford C. Bernstein boosted their price target on Jersey Mike's from $26.00 to $27.00 and gave the stock a "market perform" rating in a report on Thursday, September 10th. Truist Financial started coverage on Jersey Mike's in a research report on Monday, August 24th. They set a "buy" rating and a $30.00 price objective for the company. Zacks Research raised Jersey Mike's to a "hold" rating in a research note on Tuesday, August 25th. Finally, Weiss Ratings initiated coverage on Jersey Mike's in a research note on Monday. They issued a "sell (d)" rating on the stock. Twenty-one investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.70.

Jersey Mike's Stock Up 2.8%

Shares of Jersey Mike's stock opened at $17.44 on Thursday. The stock's 50 day moving average price is $19.19. Jersey Mike's has a 1-year low of $15.96 and a 1-year high of $24.99. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.36.

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

Insider Activity at Jersey Mike's

In related news, major shareholder Holdings L.P. Blackstone II sold 2,572,560 shares of the firm's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $21.85, for a total transaction of $56,210,436.00. Following the sale, the insider owned 143,699 shares of the company's stock, valued at $3,139,823.15. This trade represents a 94.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michele Allen acquired 3,000 shares of Jersey Mike's stock in a transaction that occurred on Friday, July 31st. The shares were purchased 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 $34,500. The trade was a -200.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 31,584 shares of company stock worth $726,432 and have sold 9,938,318 shares worth $217,152,248.

More Jersey Mike's News

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

• Positive Sentiment: Jersey Mike’s reported third-quarter EPS of $0.23, beating the $0.16 consensus estimate, while revenue rose 10% year over year to $209 million. Earnings Flash
• Positive Sentiment: Management expects at least 20% adjusted EBITDA growth in 2026, signaling confidence in profitability and operating momentum. EBITDA Outlook and Buyback
• Positive Sentiment: The board authorized a $100 million share-repurchase program and declared a special dividend of $0.35 per share, payable November 19 to shareholders of record November 5. These actions may support per-share value and improve investor sentiment. Fiscal Results, Buyback and Dividend
• Positive Sentiment: Digital orders accounted for 43% of third-quarter revenue, while same-store sales still grew 3% year over year, highlighting continued customer engagement and digital adoption. Three Key Takeaways
• Neutral Sentiment: One valuation analysis argued that Jersey Mike’s could be substantially undervalued—potentially 97% below estimated fair value—but that conclusion depends on the model’s assumptions and is not a company forecast. Fair Value Analysis
• Negative Sentiment: Although revenue and adjusted EPS exceeded estimates, comparable-store sales were viewed as disappointing, raising concerns about slowing underlying traffic and sales momentum. Comparable-Store Sales Report

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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