Brokerages Set Mister Car Wash, Inc. (NYSE:MCW) PT at $9.56

Mister Car Wash, Inc. (NYSE:MCW) has earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $9.56.

A number of research analysts have recently commented on MCW shares. JPMorgan Chase & Co. upgraded Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price target for the company in a report on Friday. Mizuho began coverage on shares of Mister Car Wash in a report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 price target for the company. Wells Fargo & Company dropped their price objective on shares of Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. Finally, Robert W. Baird increased their target price on shares of Mister Car Wash from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th.

Insider Buying and Selling

In other news, insider Joseph Duane Matheny sold 37,152 shares of Mister Car Wash stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $8.93, for a total value of $331,767.36. Following the completion of the transaction, the insider now owns 75,515 shares in the company, valued at $674,348.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mister Car Wash news, COO Mayra Idali Chimienti sold 35,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $7.05, for a total value of $246,750.00. Following the completion of the transaction, the chief operating officer now directly owns 270,523 shares of the company’s stock, valued at $1,907,187.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph Duane Matheny sold 37,152 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $8.93, for a total transaction of $331,767.36. Following the transaction, the insider now owns 75,515 shares in the company, valued at $674,348.95. The disclosure for this sale can be found here. Insiders sold 104,161 shares of company stock worth $824,667 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 MCW. Yousif Capital Management LLC boosted its stake in shares of Mister Car Wash by 2.7% in the 4th quarter. Yousif Capital Management LLC now owns 45,290 shares of the company’s stock valued at $391,000 after purchasing an additional 1,175 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Mister Car Wash by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company’s stock valued at $618,000 after buying an additional 1,581 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Mister Car Wash by 3.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 50,827 shares of the company’s stock worth $439,000 after acquiring an additional 1,695 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Mister Car Wash by 6.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 36,509 shares of the company’s stock worth $201,000 after purchasing an additional 2,128 shares in the last quarter. Finally, Swiss National Bank raised its position in Mister Car Wash by 1.1% in the 3rd quarter. Swiss National Bank now owns 203,500 shares of the company’s stock valued at $1,121,000 after buying an additional 2,300 shares during the last quarter.

Mister Car Wash Trading Up 4.4 %

Shares of MCW stock opened at $7.64 on Friday. The business’s 50 day moving average is $7.28 and its two-hundred day moving average is $7.61. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.00. Mister Car Wash has a 12 month low of $4.80 and a 12 month high of $10.07. The company has a market cap of $2.43 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 1.38 and a beta of 1.66.

Mister Car Wash (NYSE:MCW) last announced its earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $230.14 million during the quarter, compared to the consensus estimate of $230.89 million. Mister Car Wash had a return on equity of 9.38% and a net margin of 8.04%. Equities analysts predict that Mister Car Wash will post 0.27 EPS for the current year.

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.