Zurcher Kantonalbank Zurich Cantonalbank Buys 5,610 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 33.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,405 shares of the company’s stock after acquiring an additional 5,610 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mister Car Wash were worth $194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC purchased a new position in Mister Car Wash during the 4th quarter valued at about $43,000. SG Americas Securities LLC bought a new stake in shares of Mister Car Wash in the 3rd quarter worth approximately $73,000. CenterBook Partners LP purchased a new stake in shares of Mister Car Wash in the 3rd quarter worth approximately $80,000. Pathstone Family Office LLC increased its position in Mister Car Wash by 59.2% during the 3rd quarter. Pathstone Family Office LLC now owns 19,318 shares of the company’s stock valued at $106,000 after buying an additional 7,187 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its position in Mister Car Wash by 6.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 36,509 shares of the company’s stock valued at $201,000 after buying an additional 2,128 shares in the last quarter.

Insider Transactions at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 4,857 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $7.69, for a total value of $37,350.33. Following the completion of the transaction, the chief financial officer now owns 33,933 shares of the company’s stock, valued at approximately $260,944.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Jedidiah Marc Gold sold 4,857 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $7.69, for a total value of $37,350.33. Following the transaction, the chief financial officer now directly owns 33,933 shares of the company’s stock, valued at approximately $260,944.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Mayra Idali Chimienti sold 35,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $7.05, for a total transaction of $246,750.00. Following the sale, the chief operating officer now directly owns 270,523 shares of the company’s stock, valued at $1,907,187.15. The disclosure for this sale can be found here. Insiders sold a total of 104,161 shares of company stock valued at $824,667 over the last three months. Corporate insiders own 70.00% of the company’s stock.

Mister Car Wash Stock Up 1.5 %

Mister Car Wash stock opened at $7.76 on Wednesday. The stock has a market cap of $2.46 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 1.38 and a beta of 1.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.26 and a current ratio of 0.30. Mister Car Wash, Inc. has a one year low of $4.80 and a one year high of $10.07. The stock has a fifty day moving average of $7.28 and a 200 day moving average of $7.62.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Mister Car Wash had a net margin of 8.04% and a return on equity of 9.38%. The company had revenue of $230.14 million for the quarter, compared to the consensus estimate of $230.89 million. As a group, sell-side analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

MCW has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. Robert W. Baird boosted their target price on Mister Car Wash from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. raised Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 target price on the stock in a report on Friday, May 3rd. Finally, Mizuho initiated coverage on Mister Car Wash in a report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Mister Car Wash has an average rating of “Moderate Buy” and an average target price of $9.56.

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.