Jedidiah Marc Gold Sells 52,989 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 52,989 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total transaction of $451,466.28. Following the completion of the sale, the chief financial officer now owns 55,437 shares in the company, valued at $472,323.24. This represents a 48.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jedidiah Marc Gold also recently made the following trade(s):

• On Monday, March 3rd, Jedidiah Marc Gold sold 93,121 shares of Mister Car Wash stock. The stock was sold at an average price of $8.51, for a total transaction of $792,459.71.
• On Friday, February 28th, Jedidiah Marc Gold sold 42,278 shares of Mister Car Wash stock. The shares were sold at an average price of $8.50, for a total transaction of $359,363.00.

Mister Car Wash Stock Down 3.3 %

Shares of NYSE:MCW opened at $7.91 on Friday. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.60. The stock’s 50-day moving average price is $7.87 and its two-hundred day moving average price is $7.40. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.65 and a beta of 1.60.

Institutional Investors Weigh In On Mister Car Wash

Hedge funds have recently modified their holdings of the stock. Quantinno Capital Management LP purchased a new position in Mister Car Wash during the fourth quarter worth approximately $77,000. Quarry LP acquired a new stake in shares of Mister Car Wash during the 4th quarter worth $79,000. Forum Financial Management LP acquired a new stake in shares of Mister Car Wash during the 4th quarter worth $81,000. BNP Paribas Financial Markets acquired a new position in Mister Car Wash in the fourth quarter valued at $96,000. Finally, Blue Trust Inc. boosted its holdings in Mister Car Wash by 59.4% in the fourth 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 during the last quarter.

Analysts Set New Price Targets

MCW has been the subject of several research reports. Morgan Stanley lifted their price objective on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. Wells Fargo & Company reduced their price objective on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Stephens assumed coverage on Mister Car Wash in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price objective on the stock. UBS Group boosted their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Finally, Raymond James assumed coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They set an “outperform” rating and a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.43.

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.