Mister Car Wash, Inc. (NYSE:MCW) Receives $8.43 Consensus PT from Analysts

Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) has earned an average rating of "Hold" from the seven research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $8.43.

MCW has been the topic of a number of research analyst reports. UBS Group boosted their target price on Mister Car Wash from $8.00 to $8.50 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Wells Fargo & Company cut their price objective on Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Stephens assumed coverage on Mister Car Wash in a report on Tuesday, January 14th. They set an "equal weight" rating and a $8.00 target price for the company. Raymond James initiated coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target on the stock. Finally, Morgan Stanley raised their price objective on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th.

Mister Car Wash Trading Down 8.7 %

Shares of Mister Car Wash stock traded down $0.70 on Friday, reaching $7.36. The company had a trading volume of 415,882 shares, compared to its average volume of 1,379,911. The firm's 50 day moving average price is $7.92 and its two-hundred day moving average price is $7.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. Mister Car Wash has a 52-week low of $5.84 and a 52-week high of $8.60. The firm has a market cap of $2.39 billion, a PE ratio of 33.46, a PEG ratio of 1.65 and a beta of 1.60.

Insider Buying and Selling

In other news, CFO Jedidiah Marc Gold sold 52,989 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total transaction of $451,466.28. Following the sale, the chief financial officer now owns 55,437 shares of the company's stock, valued at approximately $472,323.24. This trade represents a 48.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Duane Matheny sold 74,304 shares of the company's stock in a transaction that occurred on 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 $653,708.30. This trade represents a 47.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 360,313 shares of company stock worth $2,995,270 over the last 90 days. 70.00% of the stock is owned by insiders.

Institutional Trading of Mister Car Wash

Several institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its stake in Mister Car Wash by 6,003.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company's stock worth $23,639,000 after acquiring an additional 3,571,675 shares in the last quarter. Divisadero Street Capital Management LP purchased a new position in shares of Mister Car Wash during the fourth quarter worth about $10,392,000. Marshall Wace LLP increased its position in shares of Mister Car Wash by 103.5% during the fourth quarter. Marshall Wace LLP now owns 2,152,718 shares of the company's stock worth $15,693,000 after purchasing an additional 1,094,751 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mister Car Wash by 43.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock valued at $22,895,000 after purchasing an additional 958,479 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Mister Car Wash by 25.1% in 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 period.

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.