Bleakley Financial Group LLC Acquires 43,064 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Bleakley Financial Group LLC lifted its stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 64.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 109,730 shares of the company's stock after acquiring an additional 43,064 shares during the period. Bleakley Financial Group LLC's holdings in Mister Car Wash were worth $866,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC boosted its holdings in shares of Mister Car Wash by 10.1% in the first quarter. CWM LLC now owns 18,976 shares of the company's stock valued at $150,000 after acquiring an additional 1,748 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Mister Car Wash by 34.0% in the first quarter. New York State Common Retirement Fund now owns 178,028 shares of the company's stock worth $1,405,000 after acquiring an additional 45,202 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in Mister Car Wash during the first quarter valued at about $159,000. Brown Advisory Inc. lifted its position in Mister Car Wash by 6.8% during the first quarter. Brown Advisory Inc. now owns 13,291,516 shares of the company's stock valued at $104,870,000 after buying an additional 843,225 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new stake in Mister Car Wash in the 1st quarter valued at $314,000.

Mister Car Wash Stock Performance

NYSE:MCW traded down $0.15 during midday trading on Friday, reaching $6.34. The stock had a trading volume of 1,086,742 shares, compared to its average volume of 1,496,877. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60. The firm's fifty day simple moving average is $6.70 and its 200-day simple moving average is $7.27. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The stock has a market capitalization of $2.06 billion, a P/E ratio of 28.82, a PEG ratio of 1.65 and a beta of 1.49.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted 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 return on equity of 10.49% and a net margin of 7.06%. During the same period in the previous year, the business posted $0.08 earnings per share. The business's revenue was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, insider Mary Lyn Porter sold 6,303 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $154,411.89. The trade was a 21.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John Lo-Minn Lai sold 33,904 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $6.13, for a total transaction of $207,831.52. Following the completion of the transaction, the chief executive officer owned 4,578,350 shares of the company's stock, valued at $28,065,285.50. This trade represents a 0.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 266,355 shares of company stock worth $1,733,596 over the last 90 days. Company insiders own 69.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MCW shares. Stephens cut their price target 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. Wells Fargo & Company reduced their price objective on Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Friday. The Goldman Sachs Group started coverage on shares of Mister Car Wash in a research note on Tuesday, June 3rd. They set a "sell" rating and a $6.25 target price for the company. UBS Group dropped their target price on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, BTIG Research initiated coverage on Mister Car Wash in a research report on Monday, June 30th. They issued a "neutral" rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Mister Car Wash presently has an average rating of "Hold" and a consensus price target of $8.33.

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.