Mister Car Wash, Inc. (NYSE:MCW) Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. raised its stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,291,516 shares of the company's stock after purchasing 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 quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in Mister Car Wash by 22.6% during the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock valued at $105,000 after purchasing an additional 2,649 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Mister Car Wash during the fourth quarter valued at $945,000. D. E. Shaw & Co. Inc. purchased a new position in Mister Car Wash during the fourth quarter valued at $577,000. Accurate Wealth Management LLC purchased a new position in Mister Car Wash during the first quarter valued at $983,000. Finally, Avory & Company LLC lifted its holdings 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 valued at $6,248,000 after purchasing an additional 768,646 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MCW shares. The Goldman Sachs Group started coverage on shares of Mister Car Wash in a research report on Tuesday, June 3rd. They issued a "sell" rating and a $6.25 target price for the company. UBS Group reduced their target price on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research report on Thursday, May 1st. 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 report on Thursday, April 24th. BTIG Research initiated coverage on shares of Mister Car Wash in a research report on Monday, June 30th. They issued a "neutral" rating for the company. Finally, Raymond James Financial initiated 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 objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Mister Car Wash presently has a consensus rating of "Hold" and a consensus price target of $8.50.

Mister Car Wash Trading Up 1.7%

Shares of MCW traded up $0.11 during trading on Tuesday, reaching $6.41. 2,228,357 shares of the company traded hands, compared to its average volume of 1,512,069. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.60. The stock has a market cap of $2.08 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.65 and a beta of 1.49. The stock has a 50-day simple moving average of $6.86 and a 200-day simple moving average of $7.32. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

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

Insiders Place Their Bets

In other news, CFO Jedidiah Marc Gold sold 9,187 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $6.69, for a total value of $61,461.03. Following the completion of the transaction, the chief financial officer owned 66,994 shares of the company's stock, valued at approximately $448,189.86. This trade represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John Lo-Minn Lai sold 41,997 shares of Mister Car Wash 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 $280,959.93. Following the completion of the transaction, the chief executive officer owned 4,532,254 shares of the company's stock, valued at $30,320,779.26. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 266,355 shares of company stock valued at $1,733,596. 69.00% of the stock is owned by company insiders.

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.