Mister Car Wash, Inc. (NYSE:MCW) Position Lessened by Bridgefront Capital LLC

Bridgefront Capital LLC cut its stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 65.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,083 shares of the company's stock after selling 38,093 shares during the quarter. Bridgefront Capital LLC's holdings in Mister Car Wash were worth $146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP acquired a new stake in Mister Car Wash in the 4th quarter valued at about $79,000. Forum Financial Management LP acquired a new stake in shares of Mister Car Wash in the fourth quarter valued at approximately $81,000. BNP Paribas Financial Markets purchased a new position in shares of Mister Car Wash during the 4th quarter worth approximately $96,000. Blue Trust Inc. raised its position in shares of Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock worth $98,000 after purchasing an additional 5,032 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in Mister Car Wash in the 4th quarter valued at approximately $102,000.

Mister Car Wash Trading Up 6.6%

Shares of MCW traded up $0.49 during trading hours on Monday, hitting $7.94. The stock had a trading volume of 1,221,664 shares, compared to its average volume of 1,582,031. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.60. The firm has a market cap of $2.58 billion, a P/E ratio of 36.09, a P/E/G ratio of 1.65 and a beta of 1.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The company's fifty day simple moving average is $7.56 and its 200 day simple moving average is $7.61.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. Equities research analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Insider Activity at Mister Car Wash

In other news, insider Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $8.01, for a total transaction of $51,344.10. Following the sale, the insider now directly owns 81,206 shares of the company's stock, valued at approximately $650,460.06. The trade was a 7.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jedidiah Marc Gold sold 42,278 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $8.50, for a total value of $359,363.00. Following the completion of the transaction, the chief financial officer now directly owns 44,854 shares of the company's stock, valued at $381,259. This represents a 48.52% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 286,009 shares of company stock worth $2,397,123. Corporate insiders own 69.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MCW. Morgan Stanley raised their price target 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. Stephens reduced their target price on shares of 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. UBS Group decreased their price target on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Raymond James started coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price objective for the company. One 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $8.46.

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.