Mister Car Wash, Inc. (NYSE:MCW) Given Average Recommendation of “Hold” by Analysts

Mister Car Wash, Inc. (NYSE:MCW) has been given an average rating of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $8.81.

MCW has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. UBS Group upped their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley lowered their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Stephens assumed coverage on Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price on the stock.

Mister Car Wash Price Performance

MCW stock opened at $7.84 on Friday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 1.77 and a beta of 1.63. The stock’s fifty day simple moving average is $7.46 and its 200-day simple moving average is $7.12. Mister Car Wash has a 52-week low of $5.84 and a 52-week high of $9.45. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96.

Insider Activity at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 66,122 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the completion of the sale, the chief financial officer now owns 44,854 shares in the company, valued at approximately $381,707.54. This trade represents a 59.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Duane Matheny sold 74,304 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $8.05, for a total value of $598,147.20. Following the transaction, the insider now directly owns 81,206 shares in the company, valued at $653,708.30. This trade represents a 47.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 70.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Mister Car Wash

A number of large investors have recently added to or reduced their stakes in MCW. Blue Trust Inc. boosted its position in Mister Car Wash by 884.7% in the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after buying an additional 7,617 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Mister Car Wash in the second quarter worth about $112,000. US Bancorp DE boosted its holdings in Mister Car Wash by 2,317.4% in the fourth quarter. US Bancorp DE now owns 17,212 shares of the company’s stock valued at $125,000 after purchasing an additional 16,500 shares during the last quarter. iSAM Funds UK Ltd increased its holdings in Mister Car Wash by 102.2% during the 3rd quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock worth $163,000 after purchasing an additional 12,689 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Mister Car Wash in the third quarter valued at $198,000.

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.