Freestone Capital Holdings LLC Acquires Shares of 324,472 Mister Car Wash, Inc. $MCW

Key Points

• Freestone Capital acquired a new stake of 324,472 shares in Mister Car Wash (NYSE:MCW) during Q4, worth about $1.8 million, representing roughly 0.10% of the company at quarter-end.
• Several major brokers have downgraded MCW recently, leaving a consensus rating of Hold and a consensus price target of about $7.10 after multiple cuts from firms including Raymond James, William Blair and Wells Fargo.
• Mister Car Wash reported Q4 EPS of $0.11 (beating the $0.10 estimate) but revenue of $261.24 million slightly missed estimates; the stock trades around $7.00 with a market cap near $2.3 billion.

Freestone Capital Holdings LLC acquired a new stake in Mister Car Wash, Inc. (NYSE:MCW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 324,472 shares of the company's stock, valued at approximately $1,804,000. Freestone Capital Holdings LLC owned 0.10% of Mister Car Wash at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Pallas Capital Advisors LLC acquired a new stake in shares of Mister Car Wash in the fourth quarter worth approximately $81,000. SG Americas Securities LLC lifted its stake in shares of Mister Car Wash by 8.0% in the 4th quarter. SG Americas Securities LLC now owns 46,613 shares of the company's stock valued at $259,000 after purchasing an additional 3,438 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Mister Car Wash by 249.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 54,165 shares of the company's stock valued at $318,000 after purchasing an additional 38,660 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Mister Car Wash by 65.4% in the 4th quarter. GAMMA Investing LLC now owns 11,156 shares of the company's stock valued at $62,000 after buying an additional 4,412 shares during the period. Finally, Tudor Investment Corp ET AL raised its holdings in shares of Mister Car Wash by 24.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,209,493 shares of the company's stock valued at $6,447,000 after buying an additional 235,817 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MCW shares. Mizuho reiterated a "neutral" rating and issued a $7.00 price objective (down from $8.00) on shares of Mister Car Wash in a report on Wednesday, February 18th. Raymond James Financial downgraded Mister Car Wash from a "moderate buy" rating to a "hold" rating in a report on Friday, February 20th. Morgan Stanley set a $7.00 price objective on Mister Car Wash in a report on Thursday, February 19th. William Blair downgraded Mister Car Wash from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company cut Mister Car Wash from an "overweight" rating to an "equal weight" rating and set a $7.00 price objective for the company. in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $7.10.

Mister Car Wash Stock Up 0.1%

MCW opened at $7.00 on Wednesday. The business has a 50 day simple moving average of $6.80 and a 200-day simple moving average of $5.90. The stock has a market capitalization of $2.30 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.65 and a beta of 1.37. Mister Car Wash, Inc. has a 12 month low of $4.61 and a 12 month high of $7.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $261.24 million during the quarter, compared to analysts' expectations of $262.35 million. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.Mister Car Wash's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, equities analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

About Mister Car Wash

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.