Brown Brothers Harriman & Co. Raises Position in Mister Car Wash, Inc. (NYSE:MCW)

Brown Brothers Harriman & Co. grew its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 5.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,639,121 shares of the company’s stock after acquiring an additional 127,791 shares during the period. Brown Brothers Harriman & Co. owned about 0.82% of Mister Car Wash worth $19,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $945,000. JPMorgan Chase & Co. boosted its holdings in shares of Mister Car Wash by 136.0% during the 4th quarter. JPMorgan Chase & Co. now owns 276,533 shares of the company’s stock valued at $2,016,000 after buying an additional 159,358 shares in the last quarter. LPL Financial LLC bought a new stake in shares of Mister Car Wash during the 4th quarter valued at $102,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Mister Car Wash in the 4th quarter worth about $128,000. Finally, American Century Companies Inc. increased its stake in shares of Mister Car Wash by 21.5% in the 4th quarter. American Century Companies Inc. now owns 162,747 shares of the company’s stock worth $1,186,000 after acquiring an additional 28,829 shares in the last quarter.

Wall Street Analysts Forecast Growth

MCW has been the topic of a number of recent research reports. Wells Fargo & Company cut 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 report on Monday, January 6th. Stephens began coverage on Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target on the stock. Raymond James assumed coverage on Mister Car Wash in a research note on Thursday, March 13th. They set an “outperform” rating and a $10.00 price objective for the company. UBS Group increased their target price on Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley lifted their price target 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.43.

Insiders Place Their Bets

In other Mister Car Wash news, insider Joseph Duane Matheny sold 6,410 shares of Mister Car Wash 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 sale, the insider now owns 81,206 shares of the company’s stock, valued at approximately $650,460.06. The trade was a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 42,278 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $8.50, for a total value of $359,363.00. Following the transaction, the chief financial officer now directly owns 44,854 shares in the company, valued at $381,259. The trade was a 48.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 360,313 shares of company stock valued at $2,995,270. 70.00% of the stock is owned by insiders.

Mister Car Wash Trading Down 3.3 %

Shares of NYSE:MCW opened at $7.91 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.60. The company has a market cap of $2.56 billion, a P/E ratio of 35.96, a PEG ratio of 1.65 and a beta of 1.60. The stock’s fifty day moving average price is $7.87 and its 200-day moving average price is $7.40.

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.