Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $11,630.32 in Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 1,378 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.44, for a total transaction of $11,630.32. Following the completion of the sale, the insider now directly owns 84,895 shares of the company’s stock, valued at $716,513.80. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Joseph Duane Matheny also recently made the following trade(s):

• On Thursday, February 20th, Joseph Duane Matheny sold 30,742 shares of Mister Car Wash stock. The stock was sold at an average price of $8.07, for a total value of $248,087.94.
• On Friday, February 14th, Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock. The stock was sold at an average price of $8.01, for a total value of $51,344.10.
• On Tuesday, January 28th, Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock. The shares were sold at an average price of $8.05, for a total value of $598,147.20.

Mister Car Wash Stock Performance

NYSE:MCW traded down $0.26 on Tuesday, reaching $8.21. 1,449,203 shares of the company’s stock were exchanged, compared to its average volume of 1,325,425. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 1.65 and a beta of 1.63. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The stock has a fifty day simple moving average of $7.53 and a 200-day simple moving average of $7.20. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.56.

Analyst Ratings Changes

Several research firms recently weighed in on MCW. UBS Group increased their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Morgan Stanley increased their target price on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Stephens began coverage on shares of Mister Car Wash in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price target for the company. Finally, Wells Fargo & Company dropped their price objective 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MCW. FIL Ltd grew its stake in Mister Car Wash by 2.4% in the 4th quarter. FIL Ltd now owns 9,915,100 shares of the company’s stock valued at $72,281,000 after buying an additional 230,100 shares in the last quarter. The Manufacturers Life Insurance Company boosted 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 worth $33,127,000 after acquiring an additional 912,944 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Mister Car Wash by 6,003.1% in the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after purchasing an additional 3,571,675 shares in the last quarter. State Street Corp raised its stake in shares of Mister Car Wash by 1.9% during the 3rd 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 period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Mister Car Wash by 43.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock valued at $22,895,000 after purchasing an additional 958,479 shares during the period.

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.