Analysts Set Mister Car Wash, Inc. (NYSE:MCW) Price Target at $8.46

Shares of Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) have been given a consensus rating of "Hold" by the six research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $8.46.

Several research firms have recently weighed in on MCW. Stephens dropped their target price on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Raymond James 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 on the stock. UBS Group cut their target price on shares of 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, Morgan Stanley raised their target price on Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th.

Insider Buying and Selling at Mister Car Wash

In other news, CEO John Lo-Minn Lai sold 22,039 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.44, for a total transaction of $186,009.16. Following the completion of the sale, the chief executive officer now owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. This represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Duane Matheny sold 36,452 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $8.01, for a total value of $291,980.52. Following the transaction, the insider now owns 84,895 shares in the company, valued at approximately $680,008.95. This trade represents a 30.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 257,857 shares of company stock worth $2,169,421. 69.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP bought a new position in Mister Car Wash in the 4th quarter worth approximately $77,000. Quarry LP bought a new position in shares of Mister Car Wash during the fourth quarter valued at $79,000. Forum Financial Management LP acquired a new position in Mister Car Wash in the fourth quarter valued at about $81,000. BNP Paribas Financial Markets acquired a new position in shares of Mister Car Wash in the 4th quarter worth approximately $96,000. Finally, Blue Trust Inc. grew its holdings in shares of Mister Car Wash by 59.4% during the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock worth $98,000 after purchasing an additional 5,032 shares during the last quarter.

Mister Car Wash Price Performance

Mister Car Wash stock traded down $0.05 during mid-day trading on Monday, hitting $7.07. The company's stock had a trading volume of 1,493,724 shares, compared to its average volume of 1,552,228. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $2.30 billion, a P/E ratio of 32.14, a P/E/G ratio of 1.65 and a beta of 1.58. The stock's fifty day moving average price is $7.53 and its two-hundred day moving average price is $7.63. Mister Car Wash has a twelve month low of $5.84 and a twelve month high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%. Mister Car Wash's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.08 earnings per share. Research analysts forecast that Mister Car Wash 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.