Mister Car Wash, Inc. (NYSE:MCW) Given Consensus Rating of "Hold" by Brokerages

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) has been given a consensus recommendation of "Hold" by the seven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $8.50.

Several analysts have recently commented on the stock. UBS Group increased their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Raymond James started coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target for the company. Morgan Stanley lifted their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 20th. Wells Fargo & Company lowered their price target on Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, Stephens reduced their price objective on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a research report on Thursday.

Insider Transactions at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 42,278 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $8.50, for a total transaction of $359,363.00. Following the transaction, the chief financial officer now owns 44,854 shares of the company's stock, valued at approximately $381,259. This trade represents a 48.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Lo-Minn Lai sold 22,039 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $8.44, for a total transaction of $186,009.16. Following the transaction, the chief executive officer now directly owns 4,479,420 shares in the company, valued at $37,806,304.80. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 360,313 shares of company stock valued at $2,995,270 in the last quarter. Insiders own 70.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. FIL Ltd lifted its stake in shares of Mister Car Wash by 2.4% in the fourth quarter. FIL Ltd now owns 9,915,100 shares of the company's stock valued at $72,281,000 after buying an additional 230,100 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Mister Car Wash by 25.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company's stock valued at $33,127,000 after purchasing an additional 912,944 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Mister Car Wash by 43.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock valued at $22,895,000 after buying an additional 958,479 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Mister Car Wash by 5.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,639,121 shares of the company's stock worth $19,239,000 after buying an additional 127,791 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Mister Car Wash by 103.5% in the fourth quarter. Marshall Wace LLP now owns 2,152,718 shares of the company's stock valued at $15,693,000 after acquiring an additional 1,094,751 shares during the last quarter.

Mister Car Wash Price Performance

Shares of NYSE MCW traded up $0.01 during midday trading on Thursday, hitting $7.10. The company had a trading volume of 1,349,502 shares, compared to its average volume of 1,605,231. Mister Car Wash has a twelve month low of $5.84 and a twelve month high of $8.60. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. The business has a 50-day simple moving average of $7.65 and a two-hundred day simple moving average of $7.52. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

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.