Nicholas Investment Partners LP Purchases Shares of 647,270 Mister Car Wash, Inc. (NYSE:MCW)

Nicholas Investment Partners LP bought a new position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 647,270 shares of the company's stock, valued at approximately $4,719,000. Nicholas Investment Partners LP owned about 0.20% of Mister Car Wash at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can increased its position in Mister Car Wash by 22.6% during the 4th quarter. Bank of Montreal Can now owns 14,380 shares of the company's stock valued at $105,000 after buying an additional 2,649 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Mister Car Wash during the 4th quarter worth about $945,000. JPMorgan Chase & Co. increased its position in Mister Car Wash by 54.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company's stock valued at $763,000 after acquiring an additional 41,390 shares during the period. Barclays PLC boosted its stake in shares of Mister Car Wash by 281.2% during the 3rd quarter. Barclays PLC now owns 179,013 shares of the company's stock worth $1,165,000 after acquiring an additional 132,051 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Mister Car Wash during the 4th quarter worth $698,000.

Mister Car Wash Trading Down 1.5%

Shares of Mister Car Wash stock traded down $0.12 during trading hours on Monday, hitting $7.67. The company's stock had a trading volume of 250,026 shares, compared to its average volume of 1,471,887. The firm has a fifty day moving average of $7.55 and a 200-day moving average of $7.63. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.60. 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 stock has a market cap of $2.49 billion, a price-to-earnings ratio of 34.84, a P/E/G ratio of 1.65 and a beta of 1.58.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. 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 return on equity of 10.49% and a net margin of 7.06%. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The business's revenue was up 9.4% on a year-over-year basis. Research analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Analyst Upgrades and Downgrades

MCW has been the topic of a number of recent research reports. Raymond James began coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 target price on the stock. Stephens decreased 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. Morgan Stanley boosted their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 20th. Finally, 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 report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $8.46.

Insider Transactions at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 9,000 shares of Mister Car Wash stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $7.97, for a total value of $71,730.00. Following the completion of the sale, the insider now owns 84,895 shares of the company's stock, valued at approximately $676,613.15. This trade represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jedidiah Marc Gold sold 93,121 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.51, for a total transaction of $792,459.71. Following the sale, the chief financial officer now directly owns 55,437 shares in the company, valued at $471,768.87. This trade represents a 62.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,599 shares of company stock valued at $2,417,509 in the last three months. 69.00% of the stock is currently owned by corporate 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.