Brokerages Set Mister Car Wash, Inc. (NYSE:MCW) PT at $9.25

Shares of Mister Car Wash, Inc. (NYSE:MCW) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.25.

Separately, 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 note on Thursday, October 31st.

Insider Buying and Selling

In related news, CFO Jedidiah Marc Gold sold 66,122 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $8.51, for a total transaction of $562,698.22. Following the completion of the sale, the chief financial officer now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph Duane Matheny sold 23,697 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $7.97, for a total value of $188,865.09. Following the completion of the transaction, the insider now directly owns 81,206 shares in the company, valued at $647,211.82. This represents a 22.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 613,896 shares of company stock valued at $4,957,139 over the last three months. Company insiders own 70.00% of the company’s stock.

Institutional Investors Weigh In On Mister Car Wash

Hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. raised its holdings in Mister Car Wash by 41.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company’s stock worth $16,349,000 after buying an additional 731,366 shares during the period. The Manufacturers Life Insurance Company boosted its holdings 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 worth $23,639,000 after buying an additional 3,571,675 shares during the period. AQR Capital Management LLC increased its position in shares of Mister Car Wash by 763.2% in the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock worth $29,155,000 after acquiring an additional 3,640,862 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Mister Car Wash by 23.6% during the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company’s stock valued at $5,428,000 after acquiring an additional 145,374 shares during the period. Finally, Verition Fund Management LLC lifted its position in shares of Mister Car Wash by 200.9% in the 3rd quarter. Verition Fund Management LLC now owns 514,467 shares of the company’s stock valued at $3,349,000 after acquiring an additional 343,512 shares in the last quarter.

Mister Car Wash Stock Up 1.4 %

Shares of Mister Car Wash stock opened at $7.36 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. Mister Car Wash has a 1-year low of $5.84 and a 1-year high of $9.45. The business’s fifty day moving average price is $7.55 and its two-hundred day moving average price is $7.04. The company has a market capitalization of $2.37 billion, a P/E ratio of 32.00, a PEG ratio of 1.95 and a beta of 1.61.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $249.33 million for the quarter, compared to analysts’ expectations of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. As a group, research analysts forecast that Mister Car Wash will post 0.29 EPS for the current year.

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.