Mister Car Wash, Inc. (NYSE:MCW) Receives Consensus Rating of “Hold” from Analysts

Mister Car Wash, Inc. (NYSE:MCW) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $8.43.

A number of research analysts have commented on the company. UBS Group upped their price objective on Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a report on Thursday, February 20th. Raymond James started coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They set an “outperform” rating and a $10.00 price target on the stock. Wells Fargo & Company dropped 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 assumed 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 target price on the stock. Finally, Morgan Stanley lifted 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.

Insider Activity at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 52,989 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total value of $451,466.28. Following the sale, the chief financial officer now directly owns 55,437 shares of the company’s stock, valued at $472,323.24. This trade represents a 48.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Lo-Minn Lai sold 22,039 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $186,009.16. Following the transaction, the chief executive officer now directly owns 4,479,420 shares of the company’s stock, valued at approximately $37,806,304.80. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 360,313 shares of company stock valued at $2,995,270 over the last three months. 70.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Mister Car Wash

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Mister Car Wash by 4.6% in 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 during the last quarter. Swiss National Bank lifted its stake in shares of Mister Car Wash by 1.4% in the 4th quarter. Swiss National Bank now owns 189,800 shares of the company’s stock valued at $1,384,000 after acquiring an additional 2,600 shares during the last quarter. Bank of Montreal Can boosted 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 acquiring an additional 2,649 shares in the last quarter. MetLife Investment Management LLC boosted 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 acquiring an additional 3,255 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in Mister Car Wash by 9.3% during the 4th quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company’s stock worth $343,000 after acquiring an additional 4,000 shares during the last quarter.

Mister Car Wash Trading Down 3.3 %

Shares of NYSE:MCW opened at $7.91 on Friday. The stock has a market cap of $2.56 billion, a PE ratio of 35.96, a P/E/G 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 12-month low of $5.84 and a 12-month high of $8.60. The business has a 50 day moving average of $7.87 and a 200-day moving average of $7.41.

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.