Mister Car Wash (NYSE:MCW) Given New $8.50 Price Target at UBS Group

Mister Car Wash (NYSE:MCW) had its price target hoisted by UBS Group from $8.00 to $8.50 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on MCW. Stephens began coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target on the stock. Wells Fargo & Company lowered their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Morgan Stanley reduced their target price on shares of Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.57.

Mister Car Wash Stock Down 1.6 %

MCW stock opened at $7.48 on Thursday. The stock has a market cap of $2.41 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.68 and a beta of 1.63. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. The stock’s fifty day simple moving average is $7.45 and its two-hundred day simple moving average is $7.14. Mister Car Wash has a 1-year low of $5.84 and a 1-year high of $9.05.

Insider Activity at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 6,410 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $8.01, for a total value of $51,344.10. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $650,460.06. This trade represents a 7.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 70.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mister Car Wash

Several institutional investors have recently made changes to their positions in MCW. Blue Trust Inc. grew its position in shares of Mister Car Wash by 884.7% in the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after purchasing an additional 7,617 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Mister Car Wash during the 4th quarter valued at about $77,000. Quarry LP purchased a new position in Mister Car Wash during the 4th quarter valued at about $79,000. Forum Financial Management LP bought a new stake in shares of Mister Car Wash during the fourth quarter valued at about $81,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Mister Car Wash in the fourth quarter worth about $96,000.

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.