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

Mister Car Wash, Inc. (NYSE:MCW) has been given an average rating of “Hold” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $8.57.

A number of research firms recently commented on MCW. Morgan Stanley raised their price objective 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. Wells Fargo & Company decreased their price objective 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. Stephens began 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 price objective for the company. Finally, UBS Group raised their price objective 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.

Mister Car Wash Trading Up 0.6 %

Mister Car Wash stock opened at $7.96 on Wednesday. The company has a 50 day moving average price of $7.58 and a 200 day moving average price of $7.25. Mister Car Wash has a 52 week low of $5.84 and a 52 week high of $8.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 36.18, a P/E/G ratio of 1.65 and a beta of 1.60.

Insider Buying and Selling at Mister Car Wash

In other news, CEO John Lo-Minn Lai sold 22,039 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.44, for a total transaction of $186,009.16. Following the transaction, the chief executive officer now owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Duane Matheny sold 74,304 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total transaction of $598,147.20. Following the transaction, the insider now owns 81,206 shares in the company, valued at $653,708.30. This represents a 47.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 270,272 shares of company stock valued at $2,247,041 in the last quarter. Company insiders own 70.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Mister Car Wash by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company’s stock valued at $392,000 after purchasing an additional 2,364 shares in the last quarter. Swiss National Bank raised its holdings in shares of Mister Car Wash by 1.4% during the 4th quarter. Swiss National Bank now owns 189,800 shares of the company’s stock valued at $1,384,000 after purchasing an additional 2,600 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Mister Car Wash by 22.6% during the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock valued at $105,000 after purchasing an additional 2,649 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Mister Car Wash by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 58,298 shares of the company’s stock valued at $425,000 after purchasing an additional 3,255 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Mister Car Wash by 9.3% during the 4th quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company’s stock valued at $343,000 after purchasing an additional 4,000 shares in the last quarter.

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.