BTIG Research Begins Coverage on Mister Car Wash (NYSE:MCW)

Research analysts at BTIG Research assumed coverage on shares of Mister Car Wash (NYSE:MCW - Get Free Report) in a report issued on Monday,Briefing.com Automated Import reports. The brokerage set a "neutral" rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Stephens lowered their price objective on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. UBS Group dropped their price objective on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a report on Thursday, May 1st. The Goldman Sachs Group began coverage on shares of Mister Car Wash in a research report on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price objective for the company. Finally, Raymond James Financial started coverage on Mister Car Wash in a research report on Thursday, March 13th. They set an "outperform" rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four 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 a consensus rating of "Hold" and a consensus price target of $8.50.

Mister Car Wash Stock Down 0.5%

Mister Car Wash stock opened at $6.14 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. Mister Car Wash has a fifty-two week low of $5.84 and a fifty-two week high of $8.60. The firm has a fifty day moving average price of $6.94 and a two-hundred day moving average price of $7.36. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 1.65 and a beta of 1.57.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, topping 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 period last year, the firm earned $0.08 EPS. The firm's quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts forecast that Mister Car Wash will post 0.33 earnings per share for the current year.

Insider Activity

In other Mister Car Wash news, Director Veronica Rogers sold 5,205 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $7.06, for a total transaction of $36,747.30. Following the completion of the transaction, the director now directly owns 27,880 shares in the company, valued at $196,832.80. This represents a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Lo-Minn Lai sold 33,904 shares of Mister Car Wash stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $6.13, for a total value of $207,831.52. Following the transaction, the chief executive officer now directly owns 4,578,350 shares of the company's stock, valued at approximately $28,065,285.50. The trade was a 0.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 266,355 shares of company stock worth $1,733,596. 69.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mister Car Wash

Large investors have recently made changes to their positions in the company. Quantinno Capital Management LP bought a new position in Mister Car Wash during the 4th quarter valued at about $77,000. Quarry LP acquired a new stake in shares of Mister Car Wash during the fourth 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 approximately $81,000. BNP Paribas Financial Markets acquired a new position in shares of Mister Car Wash in the 4th quarter worth approximately $96,000. Finally, LPL Financial LLC acquired a new position in shares of Mister Car Wash in the 4th quarter worth approximately $102,000.

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.

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