Mister Car Wash (NYSE:MCW) PT Lowered to $10.00 at Wells Fargo & Company

Mister Car Wash (NYSE:MCW) had its price target trimmed by Wells Fargo & Company from $11.00 to $10.00 in a report released on Monday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Mister Car Wash in a report on Friday, February 16th. They set a neutral rating and a $9.50 price objective on the stock. 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. Finally, Mizuho began coverage on Mister Car Wash in a research report on Tuesday, March 19th. They issued a buy rating and a $11.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Mister Car Wash presently has a consensus rating of Moderate Buy and a consensus target price of $9.85.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $6.95 on Monday. The company has a market capitalization of $2.21 billion, a PE ratio of 28.94, a P/E/G ratio of 2.17 and a beta of 1.65. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.31 and a current ratio of 0.36. The company has a 50-day simple moving average of $7.53 and a two-hundred day simple moving average of $7.53. Mister Car Wash has a one year low of $4.80 and a one year high of $10.07.

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

Insider Activity

In other news, COO Mayra Idali Chimienti sold 35,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $7.05, for a total transaction of $246,750.00. Following the transaction, the chief operating officer now owns 270,523 shares in the company, valued at approximately $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 Mister Car Wash news, insider Joseph Duane Matheny sold 37,152 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $8.93, for a total value of $331,767.36. Following the completion of the sale, the insider now directly owns 75,515 shares of the company’s stock, valued at approximately $674,348.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mayra Idali Chimienti sold 35,000 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 104,161 shares of company stock worth $824,667 in the last quarter. Corporate insiders own 71.20% of the company’s stock.

Institutional Trading of Mister Car Wash

Hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC acquired a new stake in shares of Mister Car Wash during the 4th quarter worth about $43,000. SG Americas Securities LLC acquired a new stake in shares of Mister Car Wash during the 3rd quarter worth about $73,000. CenterBook Partners LP acquired a new stake in shares of Mister Car Wash during the 3rd quarter worth about $80,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Mister Car Wash by 57.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,795 shares of the company’s stock valued at $93,000 after acquiring an additional 6,103 shares during the period. Finally, Pathstone Family Office LLC boosted its holdings 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 acquiring an additional 7,187 shares during the period.

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.