Dark Forest Capital Management LP Invests $318,000 in Mister Car Wash, Inc. (NYSE:MCW)

Dark Forest Capital Management LP acquired a new position in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 43,619 shares of the company's stock, valued at approximately $318,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCW. Marshall Wace LLP increased its holdings in shares of Mister Car Wash by 103.5% during the fourth quarter. Marshall Wace LLP now owns 2,152,718 shares of the company's stock valued at $15,693,000 after acquiring an additional 1,094,751 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Mister Car Wash by 43.9% in 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 during the last quarter. FIL Ltd lifted its stake in shares of Mister Car Wash by 2.4% during the fourth quarter. FIL Ltd now owns 9,915,100 shares of the company's stock worth $72,281,000 after buying an additional 230,100 shares during the period. Raymond James Financial Inc. purchased a new stake in Mister Car Wash during the 4th quarter valued at about $1,217,000. Finally, First Trust Advisors LP increased its holdings in Mister Car Wash by 272.0% in the 4th quarter. First Trust Advisors LP now owns 219,992 shares of the company's stock worth $1,604,000 after buying an additional 160,850 shares during the period.

Mister Car Wash Stock Up 0.7 %

NYSE MCW traded up $0.05 on Friday, hitting $7.54. 1,689,932 shares of the stock were exchanged, compared to its average volume of 1,611,456. 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 company has a 50-day moving average price of $7.62 and a 200-day moving average price of $7.54. The company has a market cap of $2.45 billion, a PE ratio of 34.27, a PEG ratio of 1.65 and a beta of 1.57. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 last year, the company earned $0.08 EPS. Mister Car Wash's revenue was up 9.4% on a year-over-year basis. Sell-side analysts anticipate that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

MCW has been the topic of several recent research reports. UBS Group lowered 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 report on Thursday. Morgan Stanley lifted their price target 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. Stephens dropped 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. Wells Fargo & Company decreased their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Finally, Raymond James assumed coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Mister Car Wash has a consensus rating of "Hold" and a consensus price target of $8.46.

Insiders Place Their Bets

In other Mister Car Wash news, insider Joseph Duane Matheny sold 6,410 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $8.01, for a total value of $51,344.10. Following the completion of the transaction, the insider now owns 81,206 shares in the company, valued at approximately $650,460.06. This represents a 7.32 % 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, CFO Jedidiah Marc Gold sold 52,989 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total transaction of $451,466.28. Following the sale, the chief financial officer now directly owns 55,437 shares in the company, valued at approximately $472,323.24. This represents a 48.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 286,009 shares of company stock valued at $2,397,123 over the last quarter. Company insiders own 70.00% of the company's stock.

Mister Car Wash 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.