What is Jersey Mike's?

It is a chain that makes submarine sandwiches.

What does a 'buy' rating mean?

It suggests the analyst thinks the stock price will go up.

Why did the company choose $23 for its IPO price?

The price reflects what the company and underwriters believe the shares are worth at launch.

● ImportantEconomy1 outlet covering thisCalibrating

Jersey Mike's is about to go public. One analyst already says the sandwich chain is a buy

First publishedJul 30, 13:58 UTC

Last updatedJul 30, 18:19 UTC · 57m ago

1 outlets over time — hover a bar for its window & outletslast updated

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Significance weighs impact, urgency & coverage breadth · Source trust is the outlets' average authority · more outlets means a more confirmed story.

Answer

The maker of submarine sandwiches priced its initial public offering at $23, and Melius Research is the first Wall Street firm to start research coverage.

Reported by 1 outlet — CNBC Top News. See all sources ↓

Jersey Mike's, a sandwich chain, is preparing to sell shares to the public. The company set the IPO price at $23 per share. Melius Research, a Wall Street firm, started covering the stock and gave it a 'buy' rating.

Why it matters

Investors may see a chance to buy a growing restaurant brand. The IPO could affect the company's ability to expand and hire more workers.

In brief

What is Jersey Mike's?: It is a chain that makes submarine sandwiches.
What does a 'buy' rating mean?: It suggests the analyst thinks the stock price will go up.
Why did the company choose $23 for its IPO price?: The price reflects what the company and underwriters believe the shares are worth at launch.

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All outlets report the same facts with a neutral tone.

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Scouting report
Jersey Mike's is about to go public. One analyst already says the sandwich chain is a buy
Sources1
TypeCoverage
CNBC Top NewsJul 30, 13:58

Related in the knowledge graph

organizationJersey Mike's organizationMelius Research organizationOne organizationWall Street

Sources (1)

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CNBC Top News7

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