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Jimmy John's Franchise, LLC Contemplating Sale Of Stake In Company

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Jimmy John's Franchise, LLC Contemplating Sale Of Stake In Company

Privately-held Jimmy John's Gourmet Sandwiches is contemplating the sale of a stake in its company, Reuters reports.

The outlet cites "people familiar with the matter" and notes the sale could be a "major stake."

Amid the rumor, stocks in the fast casual space are quiet during early Friday trading. Panera Bread Co (NASDAQ: PNRA) is up 0.32 percent on the day, trading at $155.86, while Potbelly Corp (NASDAQ: PBPB) is down 0.40 percent to $12.38.

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