{
  "id": 6592897,
  "title": "Bernstein raises Jersey Mike’s Subs stock price target on sales momentum",
  "url": "https://urgent.news/2026/09/10/bernstein-raises-jersey-mikes-subs-stock-price-target-on-sales",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T13:58:51.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/bernstein-raises-jersey-mikes-subs-stock-price-target-on-sales-momentum-93CH-4896213"
  },
  "original_language": "en",
  "account": "Jersey Mike's Subs (NYSE:JMKE) experienced a boost in its stock price target from Bernstein SocGen Group, which now stands at $27.00, up from $26.00. Despite the increased target, the firm maintains a Market Perform rating on the stock. Currently, the stock trades at $21.96, indicating approximately 23% upside potential to the new target. Bernstein highlighted the company's sales momentum, which was noted to have continued into the third quarter, even with lower pricing. The firm forecasted a 2.9% growth in same-store sales for fiscal year 2026, supported by 2.3% transaction growth and modest pricing. Factors contributing to this growth include digital engagement, loyalty programs, disciplined menu innovation, catering, and first-party delivery. The firm projects adjusted EBITDA of $462 million for the next twelve months, up from $305 million over the last year, driven by impressive gross profit margins of 66%. The price target reflects expectations that potential Blackstone-related overhangs and the relative valuations of Chipotle Mexican Grill, Wingstop, and Dutch Bros limit further upside. Jersey Mike's Subs reported a strong second-quarter performance, with revenue increasing by 10% to $208 million, same-store sales growth at 2.3%, and adjusted EBITDA up by 7% to $114 million. The company added 83 new locations, bringing its total to 3,378 stores, an 8% increase year-over-year. Other analysts have also updated their views on the company, with BofA Securities raising its price target to $29 and Stifel maintaining a Buy rating with a $27 target.",
  "summary": null,
  "key_points": [
    "Bernstein raises Jersey Mike's Subs stock price target to $27.00",
    "Sales momentum continues into third quarter despite lower pricing",
    "Adjusted EBITDA projected at $462 million for next year"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}