Equities researchers at Raymond James began coverage on shares of Mister Car Wash (NYSE:MCW - Get Free Report) in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage set an "outperform" rating and a $10.00 price target on the stock. Raymond James' price target points to a potential upside of 28.53% from the stock's current price.
Other equities analysts also recently issued reports about the company. UBS Group raised their price objective on Mister Car Wash from $8.00 to $8.50 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Morgan Stanley increased 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, February 20th. Stephens initiated 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 on the stock. 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 for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Mister Car Wash currently has an average rating of "Hold" and a consensus price target of $8.75.
Check Out Our Latest Stock Report on MCW
Mister Car Wash Price Performance
Shares of MCW opened at $7.78 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The firm has a 50-day simple moving average of $7.62 and a 200-day simple moving average of $7.27. Mister Car Wash has a fifty-two week low of $5.84 and a fifty-two week high of $8.56. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60.
Insider Activity at Mister Car Wash
In related 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 sale, the insider now owns 81,206 shares in the company, valued at approximately $653,708.30. This trade represents a 47.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Lo-Minn Lai sold 22,039 shares of Mister Car Wash stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $186,009.16. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 270,272 shares of company stock worth $2,247,041 in the last 90 days. 70.00% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings 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 buying an additional 3,571,675 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in Mister Car Wash during the 4th quarter worth $10,392,000. Marshall Wace LLP lifted its holdings in shares of Mister Car Wash by 103.5% during the 4th quarter. Marshall Wace LLP now owns 2,152,718 shares of the company's stock valued at $15,693,000 after purchasing an additional 1,094,751 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Mister Car Wash by 43.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock worth $22,895,000 after acquiring an additional 958,479 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Mister Car Wash by 25.1% in the fourth 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 in the last quarter.
About Mister Car Wash
(
Get Free Report)
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.
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