Mister Car Wash, Inc. (NYSE:MCW) Receives Average Rating of “Hold” from Brokerages

Mister Car Wash, Inc. (NYSE:MCW) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.57.

A number of equities analysts have weighed in on MCW shares. Morgan Stanley boosted their target price 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. UBS Group boosted their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Stephens started coverage on shares of Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price for the company. Finally, Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, January 6th.

Insider Transactions at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 42,278 shares of Mister Car Wash 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 completion of the sale, the chief financial officer now owns 44,854 shares in the company, valued at $381,259. The trade was a 48.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $8.05, for a total transaction of $598,147.20. Following the sale, the insider now owns 81,206 shares of the company’s stock, valued at approximately $653,708.30. This represents a 47.78 % 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 quarter. 70.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MCW. Quantinno Capital Management LP acquired a new position in Mister Car Wash during the fourth quarter valued at approximately $77,000. Quarry LP bought a new position in Mister Car Wash in the fourth quarter valued at approximately $79,000. Forum Financial Management LP bought a new position in Mister Car Wash in the fourth quarter valued at approximately $81,000. BNP Paribas Financial Markets bought a new position in Mister Car Wash in the fourth quarter valued at approximately $96,000. Finally, Blue Trust Inc. lifted its stake in Mister Car Wash by 59.4% in the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock valued at $98,000 after buying an additional 5,032 shares in the last quarter.

Mister Car Wash Trading Down 0.3 %

Shares of MCW stock opened at $7.87 on Wednesday. Mister Car Wash has a 12-month low of $5.84 and a 12-month high of $8.56. The company has a market capitalization of $2.55 billion, a P/E ratio of 35.77, a P/E/G ratio of 1.65 and a beta of 1.60. The firm has a 50-day moving average price of $7.61 and a 200 day moving average price of $7.26. 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.