Jersey Mike's (NYSE:JMKE) Stock Price Target Lowered at Wells Fargo & Company

Key Points

• Wells Fargo lowered Jersey Mike’s price target from $25 to $21 while maintaining an “equal weight” rating; the new target still implies roughly 17.5% upside from the current share price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $27.52, despite recent target reductions from several brokerages.
• 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. However, comparable-store sales growth and profitability concerns remain areas of investor caution.

Jersey Mike's (NYSE:JMKE - Get Free Report) had its price objective lowered by analysts at Wells Fargo & Company from $25.00 to $21.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 17.52% from the stock's current price.

Other analysts also recently issued reports about the company. Evercore initiated coverage on Jersey Mike's in a report on Monday, August 24th. They set an "outperform" rating and a $28.00 price objective for the company. Raymond James Financial reduced their target price on Jersey Mike's from $29.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, October 16th. Jefferies Financial Group lowered their price target on Jersey Mike's from $26.00 to $24.00 and set an "overweight" rating for the company in a research report on Tuesday, September 29th. Zacks Research raised Jersey Mike's to a "hold" rating in a research report on Tuesday, August 25th. Finally, Truist Financial began coverage on Jersey Mike's in a research note on Monday, August 24th. They set a "buy" rating and a $30.00 price target for the company. Twenty-one research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Jersey Mike's presently has an average rating of "Moderate Buy" and a consensus price target of $27.52.

Jersey Mike's Price Performance

Jersey Mike's stock opened at $17.87 on Thursday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.36. The business's fifty day moving average is $19.19. Jersey Mike's has a fifty-two week low of $15.96 and a fifty-two week high of $24.99.

Jersey Mike's (NYSE:JMKE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.07. The company had revenue of $209.00 million during the quarter. The company's quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts predict that Jersey Mike's will post 0.65 earnings per share for the current year.

Insider Transactions at Jersey Mike's

In related news, COO Stacy Peterson acquired 15,000 shares of the company's 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 transaction, the chief operating officer directly owned 15,000 shares of the company's stock, valued at $345,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Submarine Buyer Llc sold 2,572,560 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $21.85, for a total transaction of $56,210,436.00. Following the completion of the sale, the insider directly owned 143,699 shares of the company's stock, valued at $3,139,823.15. This represents a 94.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 31,584 shares of company stock worth $726,432 and have sold 9,938,318 shares worth $217,152,248.

Key Headlines 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, exceeding the $0.16 analyst consensus by $0.07. Revenue increased 10% year over year to $209 million. Jersey Mike’s third-quarter earnings results
• Positive Sentiment: Management expects at least 20% adjusted EBITDA growth in 2026 and authorized a $100 million share-repurchase program, which could support earnings per share and signal confidence in the business. Jersey Mike’s EBITDA outlook and buyback
• Positive Sentiment: The company declared a $0.35-per-share special dividend, payable November 19 to eligible shareholders. Digital sales represented 43% of third-quarter revenue, while same-store sales still grew 3% year over year. Jersey Mike’s special dividend
• Positive Sentiment: Analysts remain constructive: TD Cowen reaffirmed its “buy” rating with a $22 price target, and Stifel Nicolaus maintained a “buy” rating despite reducing its target from $27 to $25. Analyst ratings for Jersey Mike’s
• Negative Sentiment: Comparable-store sales growth disappointed some investors, raising concerns about customer demand and the pace of organic growth despite the revenue and earnings beats. Jersey Mike’s comparable-store sales results
• Negative Sentiment: Coverage also highlighted a quarterly loss on higher revenue, underscoring continued pressure on profitability and contributing to the stock’s cautious valuation response. Jersey Mike’s quarterly loss

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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