Mister Car Wash (NYSE:MCW) PT Lowered to $10.00

Mister Car Wash (NYSE:MCW) had its price target lowered by research analysts at Wells Fargo & Company from $11.00 to $10.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 42.35% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Mizuho started coverage on Mister Car Wash in a research report on Tuesday, March 19th. They set a “buy” rating and a $11.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Mister Car Wash in a research report on Friday, February 16th. They set a “neutral” rating and a $9.50 price objective on the stock. Finally, Robert W. Baird lifted their price objective 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. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mister Car Wash presently has an average rating of “Moderate Buy” and an average price target of $9.85.

Mister Car Wash Stock Performance

NYSE MCW opened at $7.03 on Monday. The company has a market cap of $2.23 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 2.13 and a beta of 1.65. The stock’s 50 day simple moving average is $7.58 and its 200-day simple moving average is $7.53. Mister Car Wash has a 1-year low of $4.80 and a 1-year high of $10.07. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.36 and a quick ratio of 0.31.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Mister Car Wash had a net margin of 8.64% and a return on equity of 9.81%. The firm had revenue of $230.14 million during the quarter, compared to analysts’ expectations of $230.89 million. As a group, equities research analysts anticipate that Mister Car Wash will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Mister Car Wash

In other news, COO Mayra Idali Chimienti sold 35,000 shares of Mister Car Wash 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 completion of the sale, the chief operating officer now directly owns 270,523 shares of the company’s stock, valued at $1,907,187.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Mayra Idali Chimienti sold 35,000 shares of Mister Car Wash 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 completion of the sale, the chief operating officer now directly owns 270,523 shares of the company’s stock, valued at $1,907,187.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph Duane Matheny sold 74,304 shares of Mister Car Wash 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 directly owns 75,515 shares of the company’s stock, valued at $678,124.70. The disclosure for this sale can be found here. Insiders have sold 178,465 shares of company stock worth $1,491,916 over the last quarter. 71.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mister Car Wash

Institutional investors have recently modified their holdings of the company. Wasatch Advisors LP grew its stake in Mister Car Wash by 1.7% during the 1st quarter. Wasatch Advisors LP now owns 16,423,825 shares of the company’s stock worth $127,285,000 after purchasing an additional 267,825 shares in the last quarter. Brown Advisory Inc. grew its stake in Mister Car Wash by 14.4% during the 4th quarter. Brown Advisory Inc. now owns 13,535,668 shares of the company’s stock worth $116,948,000 after purchasing an additional 1,706,435 shares in the last quarter. Vanguard Group Inc. grew its stake in Mister Car Wash by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock worth $87,114,000 after purchasing an additional 315,679 shares in the last quarter. Woodson Capital Management LP grew its stake in Mister Car Wash by 80.5% during the 4th quarter. Woodson Capital Management LP now owns 2,700,000 shares of the company’s stock worth $23,328,000 after purchasing an additional 1,203,863 shares in the last quarter. Finally, Mariner LLC grew its stake in Mister Car Wash by 7.3% during the 3rd quarter. Mariner LLC now owns 1,300,638 shares of the company’s stock worth $7,167,000 after purchasing an additional 88,830 shares in the last quarter.

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.