Joseph Duane Matheny Sells 1,378 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 1,378 shares of the 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 transaction, the insider now owns 84,895 shares in the company, valued at approximately $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 Securities & Exchange Commission, 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 transaction 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 transaction of $51,344.10.
• On Tuesday, January 28th, Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock. The stock was sold at an average price of $8.05, for a total transaction of $598,147.20.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $7.96 on Thursday. The firm has a market capitalization of $2.58 billion, a P/E ratio of 36.18, a PEG ratio of 1.65 and a beta of 1.63. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average price of $7.56 and a 200 day moving average price of $7.22. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.56.

Institutional Investors Weigh In On Mister Car Wash

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC grew its stake in Mister Car Wash by 281.2% in the 3rd quarter. Barclays PLC now owns 179,013 shares of the company’s stock valued at $1,165,000 after acquiring an additional 132,051 shares during the period. JPMorgan Chase & Co. grew its stake in Mister Car Wash by 54.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company’s stock valued at $763,000 after acquiring an additional 41,390 shares during the period. Brown Brothers Harriman & Co. grew its stake in Mister Car Wash by 41.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company’s stock valued at $16,349,000 after acquiring an additional 731,366 shares during the period. The Manufacturers Life Insurance Company grew its stake in Mister Car Wash by 6,003.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after acquiring an additional 3,571,675 shares during the period. Finally, Verition Fund Management LLC grew its stake in 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 during the period.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group increased their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Morgan Stanley increased their price target 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 report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price target for the company. Finally, Wells Fargo & Company decreased 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 research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.57.

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.