Shares of Mister Car Wash, Inc. (NYSE: MCW) have earned an average rating of "Hold" from the seven rating firms currently covering the company, according to a press release from MarketBeat.
One investment analyst has rated the stock with a sell rating, four have issued a hold rating, and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.50.
A number of brokerages have recently commented on MCW. The Goldman Sachs Group began coverage on Mister Car Wash in a research note on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price target on the stock. Raymond James Financial began coverage on Mister Car Wash in a research note on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target on the stock. UBS Group cut their price target on 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. Stephens cut their price target on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, BTIG Research began coverage on Mister Car Wash in a research note on Monday, June 30th. They set a "neutral" rating on the stock.
Mister Car Wash Price Performance
NYSE: MCW traded up $0.11 during trading hours on Tuesday, hitting $6.41. The company's stock had a trading volume of 2,228,357 shares, compared to its average volume of 1,530,288. The stock has a fifty-day simple moving average of $6.86 and a 200-day simple moving average of $7.32. The company has a market capitalization of $2.08 billion, a P/E ratio of 29.14, a PEG ratio of 1.65, and a beta of 1.49. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53, and a quick ratio of 0.24. Mister Car Wash has a twelve-month low of $5.84 and a twelve-month high of $8.60.
Mister Car Wash last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, beating 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%. The firm's revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. On average, analysts anticipate that Mister Car Wash will post 0.33 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CFO Jedidiah Marc Gold sold 9,187 shares of Mister Car Wash stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.69, for a total value of $61,461.03. Following the transaction, the chief financial officer directly owned 66,994 shares of the company's stock, valued at $448,189.86. The trade was a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Lo-Minn Lai sold 41,997 shares of Mister Car Wash stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.69, for a total value of $280,959.93. Following the completion of the transaction, the chief executive officer directly owned 4,532,254 shares in the company, valued at approximately $30,320,779.26. This represents a 0.92% decrease in their ownership of the stock. Insiders sold 266,355 shares of company stock valued at $1,733,596 over the last 90 days. 69.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Mister Car Wash
A number of hedge funds and other institutional investors have recently made changes to their positions in MCW. Brown Advisory Inc. increased its holdings in Mister Car Wash by 6.8% in the first quarter. Brown Advisory Inc. now owns 13,291,516 shares of the company's stock worth $104,870,000 after purchasing an additional 843,225 shares in the last quarter. Vanguard Group Inc. increased its holdings in Mister Car Wash by 0.4% in the first quarter. Vanguard Group Inc. now owns 10,686,795 shares of the company's stock worth $84,319,000 after purchasing an additional 40,236 shares in the last quarter. FIL Ltd increased its holdings in Mister Car Wash by 2.4% in the fourth quarter. FIL Ltd now owns 9,915,100 shares of the company's stock worth $72,281,000 after purchasing an additional 230,100 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Mister Car Wash by 6.5% in the first quarter. The Manufacturers Life Insurance Company now owns 4,839,088 shares of the company's stock worth $38,180,000 after purchasing an additional 294,972 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Mister Car Wash by 25.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company's stock worth $33,127,000 after purchasing an additional 912,944 shares in the last quarter.
Calamos Advisors LLC Buys New Shares in Mister Car Wash
Calamos Advisors LLC purchased a new stake in Mister Car Wash, Inc. during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,806 shares of the company's stock, valued at approximately $314,000.
Mister Car Wash Shares Acquired by Brown Advisory Inc.
Brown Advisory Inc. raised its stake in shares of Mister Car Wash, Inc. by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,291,516 shares of the company's stock after purchasing an additional 843,225 shares during the period. Brown Advisory Inc. owned 4.09% of Mister Car Wash, worth $104,870,000 at the end of the most recent quarter.