Mister Car Wash (NYSE:MCW) Stock Price Down 2.8%

Shares of Mister Car Wash, Inc. (NYSE:MCW - Get Free Report) traded down 2.8% on Wednesday . The stock traded as low as $7.22 and last traded at $7.25. 410,739 shares were traded during trading, a decline of 70% from the average session volume of 1,351,605 shares. The stock had previously closed at $7.46.

Wall Street Analyst Weigh In

A number of brokerages have commented on MCW. Robert W. Baird lifted their price target on Mister Car Wash from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. began coverage on Mister Car Wash in a report on Friday, February 16th. They issued a "neutral" rating and a $9.50 price objective for the company. Mizuho began coverage on Mister Car Wash in a report on Tuesday, March 19th. They issued a "buy" rating and a $11.00 price objective for the company. Finally, Wells Fargo & Company began coverage on Mister Car Wash in a report on Wednesday, January 10th. They issued an "overweight" rating and a $11.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $9.95.

Mister Car Wash Trading Down 3.2 %

The company has a 50 day simple moving average of $8.16 and a 200 day simple moving average of $7.40. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.31 and a current ratio of 0.36. The company has a market capitalization of $2.28 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 2.34 and a beta of 1.65.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $230.14 million for the quarter, compared to analysts' expectations of $230.89 million. Mister Car Wash had a return on equity of 9.81% and a net margin of 8.64%. Analysts anticipate that Mister Car Wash, Inc. will post 0.28 earnings per share for the current year.

Insiders Place Their Bets

In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of the business's stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $8.98, for a total transaction of $667,249.92. Following the transaction, the insider now owns 75,515 shares of the company's stock, valued at $678,124.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Mayra Idali Chimienti sold 35,000 shares of the company's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $7.05, for a total value of $246,750.00. Following the transaction, the chief operating officer now owns 270,523 shares of the company's stock, valued at approximately $1,907,187.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph Duane Matheny sold 74,304 shares of the business's stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $8.98, for a total value of $667,249.92. Following the completion of the sale, the insider now owns 75,515 shares in the company, valued at approximately $678,124.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 215,617 shares of company stock valued at $1,802,136. Insiders own 71.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Mister Car Wash by 4.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,348 shares of the company's stock worth $254,000 after buying an additional 991 shares in the last quarter. Yousif Capital Management LLC increased its position in Mister Car Wash by 2.7% during the fourth quarter. Yousif Capital Management LLC now owns 45,290 shares of the company's stock worth $391,000 after buying an additional 1,175 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Mister Car Wash by 0.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 272,723 shares of the company's stock worth $2,356,000 after buying an additional 1,308 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in Mister Car Wash by 3.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 50,827 shares of the company's stock worth $439,000 after buying an additional 1,695 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of Mister Car Wash by 11.8% during the third quarter. Schonfeld Strategic Advisors LLC now owns 16,700 shares of the company's stock worth $92,000 after purchasing an additional 1,767 shares during the last quarter.

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.