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$JMKE

25 stories mentioning JMKEUpdated 4d ago

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Jersey Mike's Sees Q3 Transaction Momentum Continuing, Truist Says

Jersey Mike's Subs (JMKE) saw same-store sales growth accelerate to 2.3% in Q2 from 1.3% in Q1, driven by transactions, with momentum continuing into Q3, Truist said in a note Wednesday.Systemwide sales rose about 10% to $1.21 billion, while revenue increased 10% to $208 million, according to the brokerage. Digital sales mix rose about 200 basis points year over year to 43%, Truist said.Management expects Q3 same-store sales growth of 3% to 4% and 2026 growth of 2.5% to 3.0% and adjusted EBITDA growth of at least 13% in Q3 and 20% for 2026, according to the brokerage.Truist maintained the company's buy rating and $30 price target.Price: $22.59, Change: $+1.77, Percent Change: +8.50%

Update: Jersey Mike's Subs Shares Rise After Higher Fiscal Q2 Revenue Posted

(Updates with the latest stock movement in the headline and first paragraph.)Jersey Mike's Subs (JMKE) shares were up 6.8% in Wednesday morning trading after the company posted higher fiscal Q2 revenue.The company reported a fiscal Q2 net income of $37 million, compared with $59 million a year earlier.Analysts polled by FactSet expected $44.8 million.Revenue for the quarter ended June 28 was $208 million, compared with $189 million a year earlier.Analysts projected $208.7 million.The company expects fiscal 2026 same-store sales growth of 2.5% to 3%, including 3% to 4% in Q3.Price: $22.22, Change: $+1.42, Percent Change: +6.83%

Research19d ago

Tigress Financial Initiates Jersey Mike's Subs at Buy With $29 Price Target

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.36, according to analysts polled by FactSet.Price: $22.27, Change: $+0.06, Percent Change: +0.27%

Research19d ago

Goldman Sachs Initiates Coverage on Jersey Mike's Subs With Neutral Rating, $26 Price Target

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Jersey Mike's Subs Poised for Durable Growth, Truist Says

Jersey Mike's Subs (JMKE) is well-positioned for sustained growth as it shifts more of its marketing budget toward social media, a channel it has historically underused relative to peers, Truist Securities said in a note Monday.The firm said the change, along with redirecting spending from expiring TV contracts toward higher-value placements such as live sports commercials, could accelerate brand awareness and lift comparable sales beyond the low-single-digit range the company has consistently delivered.Truist also pointed to a highly visible pipeline of more than 1,600 store locations, most already under contract and largely driven by existing franchisees, as support for continued footprint expansion.Jersey Mike's has demonstrated a highly portable concept with strong unit economics, and its long-term store target likely proves conservative over time, Truist added.Truist initiated coverage of Jersey Mike's Subs with a buy rating and a $30 price target.Price: $23.19, Change: $-0.67, Percent Change: -2.81%

Jersey Mike's Subs Has Solid Track Record, Facing Sizable Growth, UBS Says

Jersey Mike's Subs (JMKE) is a "unique asset" combining revenue growth, margins and cash generation with a significant store total addressable market, UBS Securities said in a note Monday.In the next three years, the company may see about 10% of revenue growth, comprising about 2.5% average same-store sales and an 8.5% to 9% unit compound annual growth rate, as well as a 14% earnings before interest, taxes, depreciation, and amortization compound annual growth rate, the note said.Jersey Mike's likely has a "long runway for continued growth" as it is a "scaled, high-quality model, with a proven track record" including 20 consecutive years of positive same store sales, the investment firm said.Meanwhile, the company is also expected to launch "strategic plans across menu innovation, marketing, and digital and delivery" that will likely back continued same-store sales growth in the coming years, the note said.Also, the company's "solid EBITDA growth" and "minimal" capital expenditure are leading to industry-leading free cash flow generation, the investment firm said.UBS started coverage of Jersey Mike's with a buy rating and $28 price target.Price: $23.36, Change: $-0.50, Percent Change: -2.10%

Jersey Mike's Subs Has Visible Same-Store Sales Drivers for Continued Share Gains, BofA Says

Jersey Mike's Subs (JMKE) has visible same-store sales growth drivers for continued share gains, a long domestic store runway, and attractive franchisee returns, BofA Securities said in a note Monday.The investment firm said the company has grown into a 99% franchised restaurant system with $4.2 billion of 2025 systemwide sales and 3,256 stores, but is still "well below" its long-term objectives of $2 million in average unit volume and more than 15,000 global units.BofA noted that since 2018, Jersey Mike's has gained 713 basis points of market share in the limited-service restaurant sandwich category and 1,147 basis points in the fast-casual sandwich subsegment.The company generated a 6.2% compound annual growth rate in same-store sales growth from 2006 through 2025, according to the note.BofA said the company is "still in the early days of deploying a systematic approach to driving" same-store sales growth.The note said the company previously relied heavily on linear TV and low-return-on-ad-spend sponsorships, which "drove high awareness but low conversion.""Calls to action through menu news and messaging that highlights the menu's inherent value should drive trial," the note said.The investment firm said that "consistent" average unit volumes across regions indicate the "portability of the concept," and "compelling unit economics" mean that there is "strong franchisee demand for new units."BofA initiated coverage of Jersey Mike's with a buy rating and a $27 price target.Price: $23.33, Change: $-0.53, Percent Change: -2.22%

Jersey Mike's Subs Same-Store Sales Growth More Durable Than Peers, RBC Says

Jersey Mike's Subs (JMKE) same-store sales growth is more durable than peers and has room for upside aided by menu innovation and investments in digital and lower-funnel advertising, RBC Capital Markets said in a Monday research note.The company's national marketing campaigns separate the brand from sandwich peers and have resulted in system sales growing 26.2% since 2023, despite the US sandwich category having been flat over the same period, according to the note.RBC estimates a franchise return on invested capital of 43.5%, meaning about 2.5 years needed for payback, which is "well ahead" of sandwich competitors. RBC said that strong returns on capital and flexible real estate strategy, combined with competitor closures gives confidence in the company's path to 7,500 and more domestic units.With Jersey Mike's Subs slated to launch in the UK this year, RBC said that sandwiches are a proven cuisine globally, given that the company's largest competitor has over 16,000 locations in over 100 countries and that Jersey Mike's Subs can take market share given its differentiation.RBC initiated the company with an outperform rating and a $28 price target.Price: $23.43, Change: $-0.43, Percent Change: -1.80%

Research21d ago

BofA Securities Initiates Coverage on Jersey Mike's Subs With Buy Rating, $27 Price Target

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Research21d ago

Wells Fargo Initiates Jersey Mike's Subs at Equalweight With $25 Price Target

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Research21d ago

Piper Sandler Initiates Jersey Mike's Subs at Overweight With $29 Price Target

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Research21d ago

JPMorgan Initiates Jersey Mike's Subs at Overweight With $26 Price Target

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Research21d ago

Morgan Stanley Initiates Jersey Mike's Subs at Overweight

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Research21d ago

Jefferies Initiates Jersey Mike's Subs at Buy With $29 Price Target

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Research21d ago

UBS Initiates Jersey Mike's Subs at Buy With $27 Price Target

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Research21d ago

Stifel Initiates Jersey Mike's Subs at Buy With $27 Price Target

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Research21d ago

William Blair Initiates Jersey Mike's Subs at Outperform

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Research21d ago

Raymond James Initiates Jersey Mike's Subs at Outperform With $29 Price Target

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Research21d ago

Mizuho Initiates Jersey Mike's Subs at Outperform

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

Research21d ago

Baird Initiates Jersey Mike's Subs at Outperform With $27 Price Target

Jersey Mike's Subs (JMKE) has an average rating of buy and mean price target of $28.47, according to analysts polled by FactSet.

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