Brown Advisory Inc. Has $90.75 Million Position in Mister Car Wash, Inc. (NYSE:MCW)

Brown Advisory Inc. lessened its position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 4.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,448,291 shares of the company's stock after selling 570,536 shares during the period. Brown Advisory Inc. owned about 3.86% of Mister Car Wash worth $90,748,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quarry LP bought a new stake in Mister Car Wash during the 4th quarter worth approximately $79,000. Forum Financial Management LP bought a new position in shares of Mister Car Wash in the fourth quarter valued at about $81,000. BNP Paribas Financial Markets acquired a new position in Mister Car Wash during the 4th quarter worth about $96,000. Blue Trust Inc. grew its holdings in 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 acquiring an additional 5,032 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in Mister Car Wash during the 4th quarter worth about $102,000.

Mister Car Wash Stock Down 0.1 %

Shares of MCW stock traded down $0.01 during trading hours on Wednesday, hitting $7.52. 873,180 shares of the company were exchanged, compared to its average volume of 1,581,241. The company has a market capitalization of $2.44 billion, a PE ratio of 34.18, a PEG ratio of 1.65 and a beta of 1.58. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.60. The business has a 50 day moving average of $7.60 and a two-hundred day moving average of $7.56. The company has a current ratio of 0.53, a quick ratio of 0.24 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. During the same period in the prior year, the firm earned $0.08 EPS. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. Analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Joseph Duane Matheny sold 30,742 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $8.07, for a total transaction of $248,087.94. Following the completion of the sale, the insider now owns 81,206 shares in the company, valued at approximately $655,332.42. This trade represents a 27.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $359,363.00. Following the completion of the transaction, the chief financial officer now directly owns 44,854 shares in the company, valued at approximately $381,259. This represents a 48.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 286,009 shares of company stock valued at $2,397,123. 70.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MCW. Stephens dropped their price objective on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Morgan Stanley lifted their price objective on Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 20th. Raymond James assumed coverage on Mister Car Wash in a report on Thursday, March 13th. They set an "outperform" rating and a $10.00 target price on the stock. Finally, UBS Group decreased their target price on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.