Boothbay Fund Management LLC Acquires Shares of 73,061 Mister Car Wash, Inc. (NYSE:MCW)

Boothbay Fund Management LLC bought a new position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 73,061 shares of the company's stock, valued at approximately $533,000.

A number of other institutional investors have also added to or reduced their stakes in MCW. Marshall Wace LLP boosted its stake in Mister Car Wash by 103.5% in the fourth quarter. Marshall Wace LLP now owns 2,152,718 shares of the company's stock worth $15,693,000 after purchasing an additional 1,094,751 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Mister Car Wash by 43.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock valued at $22,895,000 after buying an additional 958,479 shares during the last quarter. FIL Ltd increased its stake in shares of Mister Car Wash by 2.4% during the 4th quarter. FIL Ltd now owns 9,915,100 shares of the company's stock worth $72,281,000 after purchasing an additional 230,100 shares during the last quarter. Raymond James Financial Inc. bought a new position in Mister Car Wash during the fourth quarter worth $1,217,000. Finally, First Trust Advisors LP grew its position in shares of Mister Car Wash by 272.0% in the fourth quarter. First Trust Advisors LP now owns 219,992 shares of the company's stock valued at $1,604,000 after purchasing an additional 160,850 shares during the last quarter.

Analyst Upgrades and Downgrades

MCW has been the subject of several recent analyst reports. Raymond James assumed 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 objective for the company. Stephens reduced their target price on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Morgan Stanley upped their target price on 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. Wells Fargo & Company decreased their price objective on Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, UBS Group reduced their price objective on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $8.46.

Mister Car Wash Stock Up 2.1 %

Shares of MCW stock traded up $0.16 during trading hours on Monday, hitting $7.70. 877,715 shares of the company's stock traded hands, compared to its average volume of 1,586,773. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 1.65 and a beta of 1.58. The stock's fifty day simple moving average is $7.62 and its two-hundred day simple moving average is $7.56. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.60. 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 (NYSE:MCW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%. During the same quarter in the previous year, the company posted $0.08 EPS. The company's revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Insider Transactions at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 42,278 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $8.50, for a total transaction of $359,363.00. Following the transaction, the chief financial officer now directly owns 44,854 shares in the company, valued at approximately $381,259. This trade represents a 48.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $8.01, for a total transaction of $51,344.10. Following the completion of the transaction, the insider now directly owns 81,206 shares in the company, valued at approximately $650,460.06. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 286,009 shares of company stock worth $2,397,123. 70.00% of the stock is currently owned by company insiders.

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.