Brown Advisory Inc. Has $104.87 Million Stock Position in Mister Car Wash, Inc. (NYSE:MCW)

Brown Advisory Inc. boosted its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 6.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,291,516 shares of the company's stock after buying an additional 843,225 shares during the period. Brown Advisory Inc. owned 4.09% of Mister Car Wash worth $104,870,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MCW. Bank of Montreal Can lifted its holdings in shares of Mister Car Wash by 22.6% during the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock worth $105,000 after acquiring an additional 2,649 shares during the period. Avory & Company LLC increased its position in Mister Car Wash by 3,298.5% during the first quarter. Avory & Company LLC now owns 791,949 shares of the company's stock worth $6,248,000 after purchasing an additional 768,646 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Mister Car Wash during the fourth quarter worth approximately $945,000. D. E. Shaw & Co. Inc. acquired a new position in shares of Mister Car Wash in the 4th quarter valued at $577,000. Finally, Accurate Wealth Management LLC acquired a new position in shares of Mister Car Wash in the 1st quarter valued at $983,000.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MCW shares. Stephens dropped 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 report on Thursday, April 24th. Raymond James Financial assumed coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target for the company. BTIG Research started coverage on shares of Mister Car Wash in a research report on Monday, June 30th. They issued a "neutral" rating for the company. UBS Group reduced their price objective on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group began coverage on Mister Car Wash in a research note on Tuesday, June 3rd. They issued a "sell" rating and a $6.25 target price for the company. One investment 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 currently has a consensus rating of "Hold" and a consensus target price of $8.50.

Mister Car Wash Stock Performance

Shares of MCW traded down $0.20 during trading hours on Friday, reaching $6.62. 1,648,583 shares of the company's stock traded hands, compared to its average volume of 1,512,019. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.60. The business's fifty day simple moving average is $6.81 and its two-hundred day simple moving average is $7.30. 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 firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 30.09, a P/E/G ratio of 1.65 and a beta of 1.49.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its 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%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. Analysts predict that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Insider Transactions at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 6,357 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $6.13, for a total transaction of $38,968.41. Following the completion of the sale, the chief financial officer directly owned 75,637 shares of the company's stock, valued at $463,654.81. This represents a 7.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mary Lyn Porter sold 6,303 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.69, for a total transaction of $42,167.07. Following the sale, the insider owned 23,081 shares of the company's stock, valued at $154,411.89. The trade was a 21.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 266,355 shares of company stock valued at $1,733,596 over the last three months. 69.00% of the stock is owned by company insiders.

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.