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

Mister Car Wash, Inc. (NYSE:MCW) has received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $9.56.

MCW has been the topic of several recent research reports. Mizuho began coverage on Mister Car Wash in a research report on Tuesday, March 19th. They set a “buy” rating and a $11.00 price target on the stock. JPMorgan Chase & Co. raised shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 target price on the stock in a research note on Friday, May 3rd. Finally, Wells Fargo & Company dropped their price target on shares of Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, April 22nd.

Mister Car Wash Stock Up 1.3 %

Shares of NYSE MCW opened at $7.13 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 31.00, a PEG ratio of 2.16 and a beta of 1.67. Mister Car Wash has a one year low of $4.80 and a one year high of $10.07. The firm’s 50 day simple moving average is $7.11 and its two-hundred day simple moving average is $7.73. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.30 and a quick ratio of 0.26.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, May 1st. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $239.18 million for the quarter, compared to the consensus estimate of $244.06 million. Mister Car Wash had a net margin of 8.04% and a return on equity of 9.38%. As a group, analysts expect that Mister Car Wash will post 0.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 33,904 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $234,954.72. Following the completion of the sale, the chief executive officer now directly owns 5,050,517 shares in the company, valued at $35,000,082.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Jedidiah Marc Gold sold 4,079 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $6.93, for a total value of $28,267.47. Following the sale, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at approximately $310,838.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Lo-Minn Lai sold 33,904 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $234,954.72. Following the completion of the transaction, the chief executive officer now owns 5,050,517 shares of the company’s stock, valued at $35,000,082.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,444 shares of company stock worth $443,472. 70.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Advisory Inc. raised its position in shares of Mister Car Wash by 14.4% in 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 during the last quarter. Wasatch Advisors LP increased its stake in Mister Car Wash by 9.6% during the 4th quarter. Wasatch Advisors LP now owns 16,156,000 shares of the company’s stock valued at $139,588,000 after purchasing an additional 1,409,892 shares in the last quarter. Woodson Capital Management LP raised its holdings in Mister Car Wash by 80.5% in the fourth quarter. Woodson Capital Management LP now owns 2,700,000 shares of the company’s stock worth $23,328,000 after buying an additional 1,203,863 shares during the last quarter. Rip Road Capital Partners LP bought a new position in shares of Mister Car Wash in the fourth quarter worth approximately $4,798,000. Finally, Sea Cliff Partners Management LP purchased a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $4,218,000.

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.