Added to YB: 2026-10-07
Pitch date: 2026-08-29
JMKE [bearish]
Jersey Mike's Subs Inc.
+17.88%
current return
Author Info
No bio for this author
Company Info
Jersey Mike's Subs Inc. engages in franchising and operating fast casual, submarine-style sandwich restaurants specializing in authentic, hand-crafted, and craveable subs.
Market Cap
$3.8B
Pitch Price
$22.31
Price Target
9.90 (-46%)
Dividend
N/A
EV/EBITDA
16.98
P/E
-3.8K
EV/Sales
7.39
Sector
Hotels, Restaurants and Leisure
Category
value
Jersey Mike’s (JMKE) - Short Pitch
JMKE (short): Jersey Mike’s appears priced for unit growth and margins that operating evidence does not support: 2026 openings are tracking near 264 versus the founder’s 400 target, while sponsor adjustments imply 51-52% margins versus historically reported mid-40s and a modeled reversion toward that level. The base case is 34% downside at 17.5x FY27 EBITDA; faster Subway share loss or successful international expansion could sustain growth and challenge the short.
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