Analysts Set Mister Car Wash, Inc. (NYSE:MCW) Price Target at $9.56

Shares of Mister Car Wash, Inc. (NYSE:MCW) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $9.56.

Several research firms have recently commented on MCW. Robert W. Baird upped their target price on Mister Car Wash from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Mizuho started coverage on Mister Car Wash in a report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 price objective on the stock. Wells Fargo & Company dropped their target price on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price target on the stock in a research note on Friday, May 3rd.

Mister Car Wash Stock Up 0.3 %

MCW stock opened at $7.77 on Friday. The business’s 50 day simple moving average is $7.27 and its 200 day simple moving average is $7.64. Mister Car Wash has a 1-year low of $4.80 and a 1-year high of $10.07. The firm has a market capitalization of $2.47 billion, a PE ratio of 33.72, a PEG ratio of 1.38 and a beta of 1.66. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.00.

Mister Car Wash (NYSE:MCW) last released 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 company had revenue of $230.14 million during the quarter, compared to analyst estimates of $230.89 million. Mister Car Wash had a net margin of 8.04% and a return on equity of 9.38%. As a group, research analysts anticipate that Mister Car Wash will post 0.27 EPS for the current year.

Insider Transactions at Mister Car Wash

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

Institutional Trading of Mister Car Wash

Institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. grew its position in Mister Car Wash by 30.5% in the first quarter. Sei Investments Co. now owns 645,032 shares of the company’s stock valued at $4,999,000 after acquiring an additional 150,641 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of Mister Car Wash by 13.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 57,606 shares of the company’s stock valued at $446,000 after purchasing an additional 6,779 shares in the last quarter. Duality Advisers LP bought a new stake in shares of Mister Car Wash during the 1st quarter valued at approximately $243,000. Texas Permanent School Fund Corp increased its position in Mister Car Wash by 2.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company’s stock worth $618,000 after purchasing an additional 1,581 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Mister Car Wash during the 1st quarter worth approximately $2,003,000.

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.