Tudor Investment Corp ET AL Boosts Holdings in Mister Car Wash, Inc. $MCW

Key Points

• Tudor Investment Corp increased its stake in Mister Car Wash by 24.2% in Q3, acquiring an additional 235,817 shares to hold 1,209,493 shares (about 0.37% of the company) valued at roughly $6.45 million.
• Other institutions also moved into the stock: Greenhouse Funds now holds 16,863,562 shares worth about $89.88 million, while several firms (Western Standard, Squarepoint, Dynamic Technology Lab, Hussman) either initiated or meaningfully raised positions.
• MCW is trading near $6.98 with a $2.29 billion market cap and a P/E of 31.73; the consensus analyst rating is "Hold" with a $7.10 target, and the most recent quarter showed a slight EPS beat ($0.11 vs. $0.10) while revenue of $261.24M was marginally below expectations and up 4% year-over-year.

Tudor Investment Corp ET AL raised its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 24.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,209,493 shares of the company's stock after acquiring an additional 235,817 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.37% of Mister Car Wash worth $6,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Greenhouse Funds LLLP boosted its stake in shares of Mister Car Wash by 9.4% during the 3rd quarter. Greenhouse Funds LLLP now owns 16,863,562 shares of the company's stock worth $89,883,000 after purchasing an additional 1,444,691 shares during the last quarter. Western Standard LLC acquired a new stake in shares of Mister Car Wash during the 3rd quarter worth about $4,144,000. Squarepoint Ops LLC boosted its stake in shares of Mister Car Wash by 269.8% during the 2nd quarter. Squarepoint Ops LLC now owns 390,568 shares of the company's stock worth $2,347,000 after purchasing an additional 284,939 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of Mister Car Wash during the 3rd quarter worth about $560,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Mister Car Wash by 280.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 137,587 shares of the company's stock worth $733,000 after purchasing an additional 101,403 shares during the last quarter.

Mister Car Wash Price Performance

MCW opened at $6.98 on Wednesday. The company's 50 day simple moving average is $6.65 and its 200 day simple moving average is $5.84. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. Mister Car Wash, Inc. has a 1 year low of $4.61 and a 1 year high of $7.98. The stock has a market capitalization of $2.29 billion, a PE ratio of 31.73, a P/E/G ratio of 1.65 and a beta of 1.37.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its earnings results 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. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The business had revenue of $261.24 million for the quarter, compared to analysts' expectations of $262.35 million. During the same period last year, the company earned $0.09 earnings per share. The company's quarterly revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts expect that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MCW shares. Raymond James Financial cut shares of Mister Car Wash from a "moderate buy" rating to a "hold" rating in a research note on Friday, February 20th. BMO Capital Markets cut shares of Mister Car Wash from an "outperform" rating to a "hold" rating and set a $7.00 price target on the stock. in a research note on Thursday, February 19th. William Blair cut shares of Mister Car Wash from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 18th. Stephens raised their price target on shares of Mister Car Wash from $6.25 to $7.50 and gave the stock an "overweight" rating in a research note on Wednesday, February 11th. Finally, Mizuho reaffirmed a "neutral" rating and set a $7.00 price target (down from $8.00) on shares of Mister Car Wash in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.10.

Mister Car Wash Profile

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.