Mister Car Wash, Inc. (NYSE:MCW) Receives Average Rating of "Hold" from Analysts

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) has been assigned a consensus rating of "Hold" from the eight analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.81.

MCW has been the subject of a number of research reports. Stephens initiated coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They issued an "equal weight" rating and a $8.00 price target for the company. UBS Group lifted their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Morgan Stanley dropped their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th.

Mister Car Wash Stock Performance

MCW traded down $0.03 on Friday, reaching $7.69. The company had a trading volume of 676,117 shares, compared to its average volume of 1,079,345. Mister Car Wash has a 1 year low of $5.84 and a 1 year high of $9.45. The stock has a market capitalization of $2.48 billion, a PE ratio of 33.44, a P/E/G ratio of 1.75 and a beta of 1.63. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average price of $7.46 and a 200-day moving average price of $7.12.

Insider Buying and Selling

In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total value of $598,147.20. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company's stock, valued at approximately $653,708.30. This trade represents a 47.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 70.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank increased its holdings in Mister Car Wash by 1.4% in the fourth quarter. Swiss National Bank now owns 189,800 shares of the company's stock valued at $1,384,000 after buying an additional 2,600 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Mister Car Wash by 9.3% in the fourth quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company's stock valued at $343,000 after buying an additional 4,000 shares in the last quarter. Blue Trust Inc. increased its holdings in Mister Car Wash by 59.4% in the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after buying an additional 5,032 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of Mister Car Wash by 13.3% in the fourth quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company's stock valued at $355,000 after purchasing an additional 5,702 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Mister Car Wash by 19.5% in the third quarter. Victory Capital Management Inc. now owns 63,576 shares of the company's stock valued at $414,000 after purchasing an additional 10,377 shares during the last quarter.

About Mister Car Wash

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.