$JMKE

Bank of America analyst Sara Senatore raised her price target for Jersey Mike's Subs (JMKE) to $29, citing improving traffic trends and digital sales growth. The company reported Q2 same-store sales growth of 2.3% and systemwide sales of $1.21 billion. Despite near-term expense pressures, BofA maintains a Buy rating, expecting long-term growth. JMKE opened 83 new restaurants in Q2, with a target of over 7,500 domestic stores by 2036.

Jersey Mike's Subs (JMKE) reported Q2 2026 results with higher sales and revenue but lower profit. Shares closed at $21.71, with a 7-day return of 4.5% and a 30-day return of -2%. The stock trades at a P/S ratio of 6.7x, higher than peers and industry average, suggesting investors expect future profitability improvements.

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Jersey Mike's (JMKE) stock rose 7% after reporting Q2 revenue of $208M, up 10% YoY, and raised same-store sales guidance. CEO Charlie Morrison noted transaction growth. The company has $1.5B net debt post-IPO and aims to reduce leverage. Cramer sees potential for a longer-term rally, but debt and transaction sustainability remain concerns.

Tigress Financial raised its price target for Jersey Mike’s (JMKE) to $30, citing its franchise growth model and potential 36% upside. The firm highlighted the company’s capital-efficient structure, strong gross margins, and digital initiatives. Analysts predict profitability this year. Other firms also raised targets, with consensus suggesting 29% upside. Q2 same-store sales grew 2.3%, and guidance for Q3 is 3-4%.

Guggenheim raised its price target for Jersey Mike’s Subs (NYSE:JMKE) to $29 from $28, citing stronger sales outlook and increased EBITDA estimates. The company reported Q2 2026 earnings with same-store sales growth guidance above expectations. Analysts predict profitability this year with EPS forecast at $0.93, and several firms adjusted their price targets following the earnings report.

Jersey Mike's (JMKE) reported a 33% drop in profit to $37M in Q1, but revenue rose 10% to $208M, meeting expectations. Systemwide sales increased 10% to $1.21B, and same-store sales grew 2.3%. The decline in profit was attributed to high interest expenses and purchase accounting adjustments following its buyout by Blackstone. The company opened 83 new stores, bringing the total to 3,378. Shares rose over 5% at Wednesday's opening.

Jersey Mike's (JMKE) reported Q2 adjusted EBITDA growth of 18% YoY, excluding advertising timing effects, and saw $8M in cost savings. Digital sales rose to 43% of total sales, with loyalty registrations up 22% YoY. The company opened 83 new restaurants, ending the quarter with 3,378 locations. Jersey Mike's expects 2.5% to 3% same-store sales growth for 2026, with net unit growth of at least 8% and adjusted EBITDA growth of at least 20%.

Jersey Mike's Subs [JMKE] reported Q2 2026 with 2.3% same-store sales growth and 10% revenue growth, driven by transactions and digital expansion. The company opened 83 new stores, completed an IPO, and maintained strong unit economics. Management provided robust guidance for continued growth and international expansion.

Jersey Mike's Subs reported Q2 2026 systemwide sales of $1.21 billion, up 10% YoY. The company opened 83 new stores, increasing net unit growth by 8.1% YoY. Digital sales mix rose to 43%, and adjusted EBITDA increased to $114 million. Same-store sales grew 2.3%, driven by transaction growth. Net income was $37 million, down from $59 million in the prior-year period.