Mister Car Wash (NYSE:MCW) Now Covered by Analysts at Raymond James

Raymond James started coverage on shares of Mister Car Wash (NYSE:MCW) in a research note released on Thursday morning, Marketbeat reports. The brokerage issued an outperform rating and a $10.00 target price on the stock.

Other equities analysts have also issued reports about the company. UBS Group lifted their price objective 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. Wells Fargo & Company lowered their price target on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Morgan Stanley upped their price objective on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Finally, 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 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.75.

Mister Car Wash Stock Performance

NYSE MCW opened at $7.93 on Thursday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 1.65 and a beta of 1.60. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash has a twelve month low of $5.84 and a twelve month high of $8.56. The stock has a fifty day simple moving average of $7.64 and a 200 day simple moving average of $7.28.

Insider Activity

In other Mister Car Wash news, insider Joseph Duane Matheny sold 6,410 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $8.01, for a total transaction of $51,344.10. Following the completion of the sale, the insider now owns 81,206 shares in the company, valued at approximately $650,460.06. The trade was a 7.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jedidiah Marc Gold sold 93,121 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.51, for a total transaction of $792,459.71. Following the completion of the transaction, the chief financial officer now directly owns 55,437 shares in the company, valued at $471,768.87. This trade represents a 62.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 270,272 shares of company stock worth $2,247,041 in the last quarter. 70.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mister Car Wash

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quantinno Capital Management LP acquired a new position in Mister Car Wash during the 4th quarter valued at about $77,000. Quarry LP purchased a new position in shares of Mister Car Wash during the fourth quarter valued at approximately $79,000. Forum Financial Management LP bought a new stake in Mister Car Wash during the fourth quarter worth $81,000. BNP Paribas Financial Markets purchased a new stake in Mister Car Wash in the 4th quarter valued at $96,000. Finally, Blue Trust Inc. lifted its stake in Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock valued at $98,000 after acquiring an additional 5,032 shares in the last quarter.

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.