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

Key Points

• Royal Bank of Canada cut Jersey Mike’s price target from $29 to $25 while maintaining an “outperform” rating; the new target still implies approximately 33.6% upside from the prior close.
• Jersey Mike’s reported quarterly EPS of $0.23, beating the $0.16 consensus estimate, while revenue rose 10% year over year to $209 million.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and average target of $27.26, though several firms have recently lowered targets and comparable-store sales have disappointed expectations.

Jersey Mike's (NYSE:JMKE - Get Free Report) had its price objective decreased by Royal Bank Of Canada from $29.00 to $25.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 33.62% from the company's previous close.

Several other research firms also recently weighed in on JMKE. Wall Street Zen raised Jersey Mike's from a "sell" rating to a "hold" rating in a research note on Sunday, September 13th. Weiss Ratings began coverage on Jersey Mike's in a research report on Monday. They set a "sell (d)" rating on the stock. Zacks Research raised Jersey Mike's to a "hold" rating in a report on Tuesday, August 25th. William Blair restated an "outperform" rating on shares of Jersey Mike's in a research report on Wednesday, September 9th. Finally, Truist Financial cut their price target on Jersey Mike's from $30.00 to $27.00 and set a "buy" rating for the company in a research note on Thursday. Twenty-one equities research 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. According to data from MarketBeat.com, Jersey Mike's currently has a consensus rating of "Moderate Buy" and an average target price of $27.26.

Jersey Mike's Stock Performance

Shares of JMKE traded up $1.28 during trading hours on Thursday, reaching $18.71. The company had a trading volume of 5,543,607 shares, compared to its average volume of 3,294,055. The firm has a 50 day moving average of $19.19. 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 has a 12-month low of $15.96 and a 12-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, topping analysts' consensus estimates of $0.16 by $0.07. The company had revenue of $209.00 million for the quarter. The company's quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts predict that Jersey Mike's will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Jersey Mike's

In related news, CFO Michele Allen purchased 3,000 shares of the firm's stock in a transaction on Friday, July 31st. The shares were bought at an average price of $23.00 per share, for a total transaction of $69,000.00. Following the acquisition, the chief financial officer directly owned 1,500 shares in the company, valued at $34,500. This trade represents a -200.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, COO Stacy Peterson acquired 15,000 shares of the stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $23.00 per share, with a total value of $345,000.00. Following the completion of the purchase, the chief operating officer directly owned 15,000 shares in the company, valued at approximately $345,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 31,584 shares of company stock worth $726,432 and sold 9,938,318 shares worth $217,152,248.

Key Stories Impacting Jersey Mike's

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.