D. E. Shaw & Co. Inc. Takes $577,000 Position in Mister Car Wash, Inc. (NYSE:MCW)

D. E. Shaw & Co. Inc. purchased a new position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 79,174 shares of the company's stock, valued at approximately $577,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its holdings in shares of Mister Car Wash by 66.1% during the fourth quarter. Deutsche Bank AG now owns 86,648 shares of the company's stock valued at $632,000 after purchasing an additional 34,477 shares in the last quarter. Divisadero Street Capital Management LP bought a new stake in Mister Car Wash during the 4th quarter valued at $10,392,000. Brevan Howard Capital Management LP purchased a new position in shares of Mister Car Wash in the 4th quarter valued at $117,000. Bayesian Capital Management LP purchased a new position in Mister Car Wash during the 4th quarter worth $152,000. Finally, BNP Paribas Financial Markets purchased a new position in Mister Car Wash during the 4th quarter worth $96,000.

Insider Transactions at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 9,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $7.97, for a total transaction of $71,730.00. Following the transaction, the insider now owns 84,895 shares of the company's stock, valued at $676,613.15. This represents a 9.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Veronica Rogers sold 5,205 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $7.06, for a total value of $36,747.30. Following the sale, the director now owns 27,880 shares of the company's stock, valued at approximately $196,832.80. The trade was a 15.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 268,267 shares of company stock worth $2,242,916. Corporate insiders own 69.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MCW shares. Raymond James started coverage on Mister Car Wash in a report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price objective for the company. Morgan Stanley boosted their price objective on Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. Stephens reduced their price target on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, UBS Group cut their price objective on 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Mister Car Wash presently has a consensus rating of "Hold" and a consensus price target of $8.46.

Mister Car Wash Price Performance

Shares of MCW stock traded up $0.03 during trading hours on Thursday, reaching $7.17. The company had a trading volume of 554,218 shares, compared to its average volume of 1,535,305. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 1.65 and a beta of 1.58. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The stock has a fifty day moving average of $7.43 and a 200-day moving average of $7.59.

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

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.