Jersey Mike's Subs Inc. (JMKE) Stock Price & Analysis
Jersey Mike's Subs Inc. (JMKE) closed at USD 18.79 on Thursday, October 29, 2026, up 7.80% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 17.43; the Oct 29, 2026 session ranged USD 17.57–18.96 on volume of 5,548,350 shares. Market capitalization is $5.97B, with a 52-week range of USD 15.96–24.99 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 21:25 UTC.
Also available as compact Markdown for AI agents: nexqual.com/JMKE.md
Latest Earnings Results (JMKE)
Jersey Mike's Subs Inc. (JMKE) reported Q3 2026 results on Oct 28, 2026, 6:46:13 AM ET: adjusted EPS $0.23 vs. estimate $0.08 (beat), revenue $209.00M vs. estimate $208.45M (beat). Guidance: Full-year 2026 outlook includes same-store sales growth of at least 2.5%, net unit growth of at least 8%, and Adjusted EBITDA growth of at least 20%. Source: SEC 8-K filing. Nexqual published it 64 seconds after release. Read the SEC filing. Full report with estimates: nexqual.com/earnings/2026-10-28/JMKE.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $0.23 (adjusted (non-GAAP) diluted) | $209.0M | Oct 28, 2026, 6:46:13 AM ET · on Nexqual +64 seconds | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (JMKE)
- Valuation: P/E 108.5x, net debt $1.54B.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $1.51B; 6 not under a Rule 10b5-1 plan ($1.51B); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.08 on a 1–5 scale) (25 analysts), mean target USD 26.69 (range 14.9–40).
- Total return with dividends: 1Y -13.1% vs S&P 500 +14.4%; 5Y -18.3% vs S&P 500 +79.1%.
- Next earnings: 2026-10-28, EPS estimate USD 0.07, revenue estimate $192M.
Valuation (price ÷ last four quarters, through Sep 27, 2026) (JMKE)
P/E 108.5x · P/B 1.8x · Earnings yield 0.92% · Net debt $1.54B · EV $7.51B
Insider sales (SEC Form 4, open-market, last ~7 months) (JMKE)
0 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-25 | Abu Dhabi Investment Authority | 382,134 | $8.3M | 1.1% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-08-25 | Submarine Buyer Llc | 2,572,560 | $56.2M | 4.6% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-08-25 | Blackstone Holdings Ii L.P. | 2,572,560 | $56.2M | 4.6% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-07-31 | Submarine Buyer Llc | 29,695,652 | $649M | 35.5% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-07-31 | Blackstone Holdings Ii L.P. | 29,695,652 | $649M | 35.5% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-07-31 | Abu Dhabi Investment Authority | 4,411,064 | $96.4M | 10.9% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (JMKE)
Consensus Buy (mean 2.08 on a 1–5 scale), 25 analysts; mean target USD 26.69 (low 14.9, high 40).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-29 | BTIG | Target lowered | Buy | $28 → $25 |
| 2026-10-29 | RBC Capital | Target lowered | Outperform | $29 → $25 |
| 2026-10-29 | Truist Securities | Target lowered | Buy | $30 → $27 |
| 2026-10-29 | Wells Fargo | Target lowered | Equal-Weight | $25 → $21 |
| 2026-10-29 | Stifel | Target lowered | Buy | $27 → $25 |
| 2026-10-28 | TD Cowen | Reiterated | Buy | $22 |
| 2026-10-23 | Evercore ISI Group | Target lowered | Outperform | $28 → $24 |
| 2026-10-16 | Raymond James | Target lowered | Outperform | $29 → $26 |
| 2026-10-07 | TD Cowen | Target lowered | Buy | $26 → $22 |
| 2026-09-29 | JP Morgan | Target lowered | Overweight | $26 → $24 |
| 2026-09-11 | Tigress Financial | Target raised | Buy | $29 → $30 |
| 2026-09-11 | Guggenheim | Target raised | Buy | $28 → $29 |
Total return (dividends reinvested) (JMKE)
| 1Y (from 2026-07-30) | 5Y (from 2026-07-27) | |
|---|---|---|
| Total return | -13.1% | -18.3% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | — | — |
| Volatility (annualized) | 52.2% | 50.3% |
| Max drawdown | -34.3% (Aug 2026→Oct 2026) | -30.6% (Aug 2026→Sep 2026) |
JMKE earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Oct 28, 2026 | Quarter ended Sep 30, 2026 | −$0.05 | $0.08 | Miss −$0.13 | +10.8% |
| Sep 9, 2026 | Quarter ended Jun 30, 2026 | — | — | — | +5.0% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
JMKE recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 28, 2026 | 10-Q | Quarterly report · period ended Sep 27, 2026 |
| Oct 28, 2026 | 8-K | Quarterly results |
| Oct 26, 2026 | Schedule 13G | Abu Dhabi Investment Authority, Platinum International Investment Holding RSC Limited: 15.3% of shares, passive 5%+ holder |
| Sep 22, 2026 | 8-K | Change in control; Other material event “(b) Information required by Item 403(c) of Regulation S-K regarding arrangements known to the registrant which may at a subsequent date result in a change of control. The information set forth under Item 8.01 below is incorporated by reference into this Item 5.01.” |
| Sep 9, 2026 | 10-Q | Quarterly report · period ended Jun 28, 2026 |
| Sep 9, 2026 | 8-K | Quarterly results |
| Aug 4, 2026 | 8-K | Entered a material agreement; Change to shareholder rights; Director or executive officer change, or pay arrangement; Bylaws or fiscal-year change; Other material event “In connection with the initial public offering (the " Offering " or the " IPO ") by Jersey Mike's Subs Inc. (the " Company ") of its Class A common stock, par value $0.0001 per share (the " Class A Common Stock "), described in the prospectus (the " Prospectus "), dated July 29, 2026, filed with the Securities and Exchange Commission pursuant to Rule 424(b) of the Securities Act of 1933, as amended (the " Securities Act "), which is deemed to be part of the Registration Statement on Form S-1 (File No. 333-297228)…” |
| Jul 20, 2026 | S-1/A | Registration of new shares |
| Jul 2, 2026 | S-1 | Registration of new shares |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
JMKE revenue by product line (quarter ended Sep 27, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Royalties and other revenues | $143.0M | 68.4% | +11.7% |
| — Royalties (part of Royalties and other revenues) | $76.0M | 36.4% | +10.1% |
| — System support revenue (part of Royalties and other revenues) | $60.0M | 28.7% | +13.2% |
| — Other revenues (part of Royalties and other revenues) | $7.0M | 3.3% | +16.7% |
| Advertising revenue | $57.0M | 27.3% | +7.5% |
| Company-owned stores sales | $9.0M | 4.3% | +0.0% |
| Gift Card | $6.0M | 2.9% | — |
| Total revenue | $209.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
JMKE company outlook (results filed Oct 28, 2026)
- “Jersey Mike's updated outlook for full-year fiscal 2026 is as follows: • Same-store sales growth of at least 2.5% • Net unit growth of at least 8% • Adjusted EBITDA growth of at least 20% Conference Call and Webcast Jersey Mike's will host a conference call today, October 28, to discuss the fiscal third quarter 2026 financial results and business updates at 8:30 AM Eastern Time.”
Quoted word-for-word from the SEC 8-K results press release.
JMKE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.07 | $0.00 | +$0.07 | $192.4M | 6 |
| Next quarter (ends Mar 2027) | $0.09 | $0.00 | +$0.09 | $201.6M | 5 |
| Current fiscal year (ends Dec 2026) | $0.15 | $0.00 | +$0.15 | $795.7M | 2 |
| Next fiscal year (ends Dec 2027) | $0.55 | $0.00 | +$0.55 | $868.1M | 7 |
JMKE options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 54.9% | ±11.1% |
| Dec 18, 2026 | 50 | 56.1% | ±16.9% |
| Feb 19, 2027 | 113 | 54.1% | ±24.0% |
| May 21, 2027 | 204 | 54.9% | ±32.8% |
30-day implied volatility 51.1% vs 49.7% realized over the last 30 trading days. Put/call ratio (volume) 1.14. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 21:25 UTC)
| Price | USD 18.79 |
|---|---|
| Change | ▲ 7.80% (up) |
| Previous Close | USD 17.43 |
| Open | USD 17.5 |
| Day Range | USD 17.57 – 18.96 |
| 52-Week Range | USD 15.96 – 24.99 |
| Volume | 5,548,350 shares |
| Market Cap | $5.97B |
| Exchange | NYQ |
Technical Analysis (JMKE)
Nexqual's technical model rates JMKE "SELL" based on 2 bullish and 5 bearish signals across 65 daily candles, as of October 29, 2026 at 21:25 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 53.08 (neutral) |
| vs SMA50 | Below (USD 19.11) |
| MACD | -0.31 (negative) |
Analyst Ratings (JMKE)
Wall Street analysts rate JMKE "Buy" based on 25 analysts, with a mean price target of USD 26.69 (range USD 14.9–40), per Nexqual as of October 29, 2026 at 21:25 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 25 |
| Mean Target | USD 26.69 |
| High Target | USD 40 |
| Low Target | USD 14.9 |
| Buy / Hold / Sell | 20 / 4 / 1 |
Earnings (JMKE)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 0.15 |
| Revenue Estimate | $192.36M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD -0.05 vs est 0.08 ▼ miss |
Source: Nexqual, October 29, 2026 at 21:25 UTC.
Financials & Fundamentals (JMKE)
| Total Revenue | $780.00M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.00% |
| Gross Margin | +66.03% |
| Operating Margin | +19.62% |
| Profit Margin | +5.64% |
| Current Ratio | 3.06 |
| Total Cash | $325.00M |
| Total Debt | $0 |
Source: Nexqual, October 29, 2026 at 21:25 UTC.
Financial Health Score (JMKE)
Nexqual rates Jersey Mike's Subs Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 21:25 UTC.
| Growth | Solid — Revenue +10% YoY (latest Q) |
|---|---|
| Profitability | Strong — Gross margin 66%, operating 20% (last 12 months) |
| Balance Sheet | Mixed — $295M cash and investments vs $1.83B debt (Sep 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $174M (TTM) |
| Efficiency | Weak — ROE 2%, ROA 0.6% (last 4 quarters, SEC) |
Ownership (JMKE)
| Insider Ownership | +0.05% |
|---|---|
| Institutional Ownership | +85.61% |
| Shares Outstanding | 233.41M |
| Float | 130.56M |
Source: Nexqual, October 29, 2026 at 21:25 UTC.
Leadership (JMKE)
Jersey Mike's Subs Inc. is led by Charles R. Morrison, CEO & Director, per Nexqual as of October 29, 2026 at 21:25 UTC.
| CEO & Director | Charles R. Morrison |
|---|---|
| Founder & Director | Peter Cancro |
| Chief Financial Officer | Michele Allen |
| Senior Vice President of Marketing | Matt Warren |
| President of International & Global Development Officer | Andrew G. Skehan |
Major Backers & Investors (JMKE)
Notable institutional backers of Jersey Mike's Subs Inc. include Federated Hermes Equity Funds-Federated Hermes Kaufmann Fund, NEUBERGER BERMAN ALTERNATIVE FUNDS-Neuberger Long Short Fund, AB DISCOVERY GROWTH FUND, INC., according to Nexqual as of October 29, 2026 at 21:25 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Federated Hermes Equity Funds-Federated Hermes Kaufmann Fund | 0.57% |
| NEUBERGER BERMAN ALTERNATIVE FUNDS-Neuberger Long Short Fund | 0.41% |
| AB DISCOVERY GROWTH FUND, INC. | 0.32% |
| Franklin Strategic Series-FRANKLIN SMALL-MID CAP GROWTH FUND | 0.22% |
Source: Nexqual, October 29, 2026 at 21:25 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CAKE | The Cheesecake Factory Incorpor | USD 113.12 | ▲ 6.99% |
| CAVA | CAVA Group, Inc. | USD 59.21 | ▲ 9.14% |
| BROS | Dutch Bros Inc. | USD 43.98 | ▲ 2.45% |
| WING | Wingstop Inc. | USD 145.39 | ▲ 4.92% |
| EAT | Brinker International, Inc. | USD 219.9 | ▼ 0.38% |
| DPZ | Domino's Pizza Inc | USD 312 | ▲ 0.82% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 21:25 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt