Mister Car Wash (NYSE:MCW) Earns Neutral Rating from Analysts at BTIG Research

BTIG Research assumed coverage on shares of Mister Car Wash (NYSE:MCW - Free Report) in a report issued on Monday, MarketBeat reports. The brokerage issued a neutral rating on the stock.

Several other equities research analysts have also issued reports on the stock. Stephens decreased their price target on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Raymond James Financial initiated coverage on Mister Car Wash in a report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price objective for the company. 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. Finally, The Goldman Sachs Group assumed coverage on Mister Car Wash in a research report on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $8.50.

Mister Car Wash Stock Performance

MCW stock traded down $0.04 during midday trading on Monday, hitting $6.45. The company's stock had a trading volume of 840,876 shares, compared to its average volume of 1,507,167. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 1.65 and a beta of 1.57. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The stock's 50-day moving average price is $6.90 and its 200 day moving average price is $7.33. Mister Car Wash has a 1 year low of $5.84 and a 1 year high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its earnings results 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%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. On average, equities analysts forecast that Mister Car Wash will post 0.33 EPS for the current year.

Insider Activity at Mister Car Wash

In related news, insider Mary Lyn Porter sold 6,303 shares of Mister Car Wash stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $6.69, for a total value of $42,167.07. Following the completion of the transaction, the insider directly owned 23,081 shares in the company, valued at approximately $154,411.89. The trade was a 21.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 6,357 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total value of $38,968.41. Following the sale, the chief financial officer owned 75,637 shares in the company, valued at approximately $463,654.81. This represents a 7.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 266,355 shares of company stock worth $1,733,596 in the last ninety days. Insiders own 69.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MCW. Bank of Montreal Can boosted its position in shares of Mister Car Wash by 22.6% in the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock valued at $105,000 after acquiring an additional 2,649 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Mister Car Wash in the fourth quarter worth $945,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Mister Car Wash in the fourth quarter worth $577,000. Accurate Wealth Management LLC bought a new stake in Mister Car Wash during the first quarter valued at $983,000. Finally, Dimensional Fund Advisors LP grew its position in Mister Car Wash by 43.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock worth $22,895,000 after buying an additional 958,479 shares in 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.