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 sale, the chief financial officer now directly owns 55,437 shares in the company, valued at approximately $472,323.24. This represents a 48.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 shares were sold at an average price of $8.51, for a total value 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 value of $359,363.00.

Mister Car Wash Trading Down 3.4 %

NYSE MCW traded down $0.29 during mid-day trading on Thursday, reaching $8.18. 2,004,479 shares of the stock were exchanged, compared to its average volume of 1,551,158. The stock has a market capitalization of $2.65 billion, a PE ratio of 37.18, a PEG ratio of 1.65 and a beta of 1.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60. The business’s fifty day simple moving average is $7.83 and its 200 day simple moving average is $7.39.

Analyst Ratings Changes

Several research firms recently commented on MCW. Stephens assumed coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price objective on the stock. UBS Group upped their price target on shares of 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 initiated 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 objective for the company. Wells Fargo & Company cut their price objective on 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. Finally, Morgan Stanley increased their target price on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Mister Car Wash presently has a consensus rating of “Hold” and an average target price of $8.43.

Institutional Investors Weigh In On Mister Car Wash

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