Nicholas Investment Partners LP Buys New Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Nicholas Investment Partners LP purchased a new stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 647,270 shares of the company's stock, valued at approximately $4,719,000. Nicholas Investment Partners LP owned 0.20% of Mister Car Wash as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Mister Car Wash by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock worth $392,000 after purchasing an additional 2,364 shares during the period. Swiss National Bank lifted its holdings in Mister Car Wash by 1.4% in the fourth quarter. Swiss National Bank now owns 189,800 shares of the company's stock worth $1,384,000 after buying an additional 2,600 shares during the period. Bank of Montreal Can boosted 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 acquiring an additional 2,649 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Mister Car Wash by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 58,298 shares of the company's stock worth $425,000 after acquiring an additional 3,255 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of Mister Car Wash by 9.3% during the 4th quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company's stock worth $343,000 after acquiring an additional 4,000 shares during the period.

Analysts Set New Price Targets

MCW has been the topic of several research reports. Raymond James started coverage on Mister Car Wash in a research report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target on the stock. 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 report on Thursday, April 24th. UBS Group decreased their price target on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Morgan Stanley boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $8.46.

Insider Buying and Selling

In other Mister Car Wash news, insider Joseph Duane Matheny sold 30,742 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $8.07, for a total transaction of $248,087.94. Following the completion of the sale, the insider now directly owns 81,206 shares in the company, valued at $655,332.42. The trade was a 27.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jedidiah Marc Gold sold 42,278 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $8.50, for a total transaction of $359,363.00. Following the completion of the transaction, the chief financial officer now owns 44,854 shares in the company, valued at $381,259. This trade represents a 48.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,599 shares of company stock worth $2,417,509. 69.00% of the stock is owned by insiders.

Mister Car Wash Stock Up 1.2%

Shares of Mister Car Wash stock traded up $0.09 on Friday, reaching $7.78. The company's stock had a trading volume of 1,065,394 shares, compared to its average volume of 1,575,926. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.60. The firm's fifty day simple moving average is $7.55 and its two-hundred day simple moving average is $7.63. 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 company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 1.65 and a beta of 1.58.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 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%. Mister Car Wash's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. Equities analysts anticipate that Mister Car Wash, Inc. 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.