Mister Car Wash (NYSE:MCW) Rating Lowered to "Neutral" at Piper Sandler

Key Points

• Mister Car Wash's rating was downgraded from "overweight" to "neutral" by Piper Sandler, with a new target price set at $6.00, suggesting a 16.50% upside potential from the previous close.
• Other analysts, including UBS and Stifel Nicolaus, have also lowered their price targets for the stock, with a consensus rating of "Hold" and a target price of $7.82.
• The company reported $0.11 earnings per share in its latest quarter, missing estimates and marking a 4.1% increase in revenue year-over-year.

Mister Car Wash (NYSE:MCW - Get Free Report) was downgraded by equities research analysts at Piper Sandler from an "overweight" rating to a "neutral" rating in a note issued to investors on Friday,Finviz reports. They presently have a $6.00 target price on the stock. Piper Sandler's price target suggests a potential upside of 16.50% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. UBS Group reduced their price target on shares of Mister Car Wash from $8.25 to $7.25 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus cut their target price on shares of Mister Car Wash from $8.50 to $7.50 and set a "hold" rating on the stock in a research report on Thursday, July 31st. Morgan Stanley dropped their price target on Mister Car Wash from $9.00 to $7.50 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Guggenheim set a $8.00 price objective on Mister Car Wash and gave the company a "buy" rating in a report on Monday, August 4th. Finally, Mizuho lowered their target price on Mister Car Wash from $11.00 to $9.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.82.

Mister Car Wash Trading Down 0.2%

Shares of MCW stock opened at $5.15 on Friday. Mister Car Wash has a fifty-two week low of $4.61 and a fifty-two week high of $8.60. The stock's fifty day moving average price is $5.38 and its two-hundred day moving average price is $6.25. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The company has a market cap of $1.69 billion, a PE ratio of 23.41, a P/E/G ratio of 1.65 and a beta of 1.46.

Mister Car Wash (NYSE:MCW - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $265.42 million for the quarter, compared to the consensus estimate of $271.83 million. 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 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. Mister Car Wash has set its FY 2025 guidance at 0.420-0.430 EPS. Equities analysts predict that Mister Car Wash will post 0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. CWM LLC grew its position in shares of Mister Car Wash by 10.1% in the 1st quarter. CWM LLC now owns 18,976 shares of the company's stock valued at $150,000 after buying an additional 1,748 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Mister Car Wash by 8.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,185 shares of the company's stock worth $145,000 after acquiring an additional 1,821 shares during the period. Vident Advisory LLC boosted its holdings in Mister Car Wash by 7.8% in the second quarter. Vident Advisory LLC now owns 25,447 shares of the company's stock valued at $153,000 after acquiring an additional 1,851 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Mister Car Wash by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company's stock valued at $444,000 after acquiring an additional 2,519 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Mister Car Wash by 87.4% during the 2nd quarter. GAMMA Investing LLC now owns 5,645 shares of the company's stock valued at $34,000 after purchasing an additional 2,632 shares during the period.

About Mister Car Wash

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.

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