Bleakley Financial Group LLC Increases Stock Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Bleakley Financial Group LLC boosted its stake in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 64.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,730 shares of the company's stock after purchasing an additional 43,064 shares during the quarter. Bleakley Financial Group LLC's holdings in Mister Car Wash were worth $866,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quantinno Capital Management LP acquired a new stake in Mister Car Wash in the fourth quarter worth $77,000. Quarry LP bought a new stake in Mister Car Wash during the 4th quarter valued at $79,000. Forum Financial Management LP bought a new stake in Mister Car Wash during the 4th quarter valued at $81,000. BNP Paribas Financial Markets bought a new stake in Mister Car Wash during the 4th quarter valued at $96,000. Finally, LPL Financial LLC bought a new stake in Mister Car Wash during the 4th quarter valued at $102,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Mister Car Wash in a research note on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price target for the company. UBS Group decreased their price target on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research note on Thursday, May 1st. BTIG Research assumed coverage on shares of Mister Car Wash in a research note on Monday, June 30th. They set a "neutral" rating for the company. Wells Fargo & Company decreased their price target on shares of Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Stephens reduced their target price 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. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $8.33.

Insider Buying and Selling

In other Mister Car Wash news, insider Mary Lyn Porter sold 6,303 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.69, for a total transaction of $42,167.07. Following the sale, the insider directly owned 23,081 shares of the company's stock, valued at $154,411.89. This represents a 21.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jedidiah Marc Gold sold 9,187 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.69, for a total transaction of $61,461.03. Following the sale, the chief financial officer directly owned 66,994 shares in the company, valued at approximately $448,189.86. This trade represents a 12.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 266,355 shares of company stock worth $1,733,596 in the last ninety days. Corporate insiders own 69.00% of the company's stock.

Mister Car Wash Stock Down 2.3%

Shares of NYSE MCW traded down $0.15 during trading on Friday, hitting $6.34. The stock had a trading volume of 1,086,740 shares, compared to its average volume of 1,499,998. The firm has a fifty day moving average of $6.72 and a two-hundred day moving average of $7.28. 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 company has a market capitalization of $2.06 billion, a PE ratio of 28.82, a PEG ratio of 1.65 and a beta of 1.49. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, topping 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%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. As a group, equities research analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

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.