Olympiad Research LP Invests $264,000 in Mister Car Wash, Inc. (NYSE:MCW)

Olympiad Research LP acquired a new stake in Mister Car Wash, Inc. (NYSE:MCW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 36,164 shares of the company's stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of Mister Car Wash by 6,003.1% during the third 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. State Street Corp grew its holdings in shares of Mister Car Wash by 1.9% during the third quarter. State Street Corp now owns 3,375,939 shares of the company's stock valued at $21,977,000 after purchasing an additional 63,631 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Mister Car Wash by 41.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company's stock worth $16,349,000 after purchasing an additional 731,366 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mister Car Wash by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company's stock worth $13,775,000 after purchasing an additional 38,365 shares during the last quarter. Finally, Verition Fund Management LLC boosted its position in Mister Car Wash by 200.9% during the 3rd quarter. Verition Fund Management LLC now owns 514,467 shares of the company's stock valued at $3,349,000 after purchasing an additional 343,512 shares during the period.

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Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Stephens initiated coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They set an "equal weight" rating and a $8.00 price target for the company. UBS Group raised 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 target price on 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. Finally, Morgan Stanley increased their price target on 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $8.57.

Insiders Place Their Bets

In other news, insider Joseph Duane Matheny sold 6,410 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $8.01, for a total transaction of $51,344.10. Following the transaction, the insider now owns 81,206 shares in the company, valued at $650,460.06. This represents a 7.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 111,456 shares of company stock valued at $897,579 in the last three months. Insiders own 70.00% of the company's stock.

Mister Car Wash Stock Up 3.4 %

Shares of NYSE:MCW traded up $0.26 during midday trading on Thursday, hitting $7.82. 1,886,230 shares of the stock were exchanged, compared to its average volume of 1,234,617. The company has a market capitalization of $2.52 billion, a PE ratio of 35.55, a P/E/G ratio of 1.65 and a beta of 1.63. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $8.55. 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 business's fifty day simple moving average is $7.46 and its two-hundred day simple moving average is $7.17.

Mister Car Wash 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.