Added to YB: 2026-09-10
Pitch date: 2026-09-07
JMKE [bearish]
Jersey Mike's Subs Inc.
-5.27%
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
$4.8B
Pitch Price
$21.25
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.78
P/E
N/A
EV/Sales
9.04
Sector
Hotels, Restaurants and Leisure
Category
N/A
IPO Notes: Jersey Mike's Subs (JMKE) Past Growth Might Be Tapered Going Forward
JMKE (short): Jersey Mike’s IPO appears priced for continued exceptional growth even though much of its expansion may have come from Subway’s demise and could now moderate. The business remains healthy, with 3,250+ units, $1.35M+ AUVs and >45% adjusted EBITDA margins, but Blackstone levered the company to $2.1B of debt, extracted ~$1.77B in gross proceeds and retained supermajority voting control, skewing risk/reward to the downside.
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