Joseph Duane Matheny Sells 6,410 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) insider Joseph Duane Matheny sold 6,410 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $8.01, for a total value of $51,344.10. Following the sale, the insider now owns 81,206 shares of the company's stock, valued at $650,460.06. This represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Joseph Duane Matheny also recently made the following trade(s):

• On Tuesday, January 28th, Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock. The stock was sold at an average price of $8.05, for a total value of $598,147.20.

Mister Car Wash Stock Down 3.0 %

MCW traded down $0.23 on Friday, reaching $7.26. The company's stock had a trading volume of 1,874,335 shares, compared to its average volume of 1,174,826. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 1.68 and a beta of 1.63. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.59. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. The business's 50 day moving average is $7.45 and its 200 day moving average is $7.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Mister Car Wash by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock worth $392,000 after buying an additional 2,364 shares during the last quarter. Swiss National Bank lifted its holdings in Mister Car Wash by 1.4% during the 4th quarter. Swiss National Bank now owns 189,800 shares of the company's stock worth $1,384,000 after buying an additional 2,600 shares during the last quarter. Bank of Montreal Can lifted its holdings in Mister Car Wash by 22.6% during the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock worth $105,000 after buying an additional 2,649 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Mister Car Wash by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 58,298 shares of the company's stock worth $425,000 after buying an additional 3,255 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Mister Car Wash by 9.3% during the 4th quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company's stock worth $343,000 after buying an additional 4,000 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have commented on MCW shares. Wells Fargo & Company dropped their price target on Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Morgan Stanley upped their target price on Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday. UBS Group upped their target price on Mister Car Wash from $8.00 to $8.50 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Stephens began coverage on Mister Car Wash in a research report on Tuesday, January 14th. They issued an "equal weight" rating and a $8.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $8.57.

Mister Car Wash Company Profile

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.