New York State Teachers Retirement System Invests $181,000 in Mister Car Wash, Inc. (NYSE:MCW)

New York State Teachers Retirement System bought a new stake in Mister Car Wash, Inc. (NYSE:MCWGet Rating) during the 3rd quarter, Holdings Channel.com reports. The fund bought 21,040 shares of the company’s stock, valued at approximately $181,000.

Several other hedge funds have also modified their holdings of MCW. Crow s Nest Holdings LP raised its stake in shares of Mister Car Wash by 221.1% during the 1st quarter. Crow s Nest Holdings LP now owns 3,784,731 shares of the company’s stock worth $55,976,000 after acquiring an additional 2,606,011 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in Mister Car Wash by 23.5% in the first quarter. Wasatch Advisors Inc. now owns 9,989,232 shares of the company’s stock worth $147,741,000 after purchasing an additional 1,899,664 shares during the last quarter. FMR LLC increased its position in shares of Mister Car Wash by 31.5% during the second quarter. FMR LLC now owns 5,926,899 shares of the company’s stock worth $64,485,000 after purchasing an additional 1,418,924 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Mister Car Wash by 24.3% during the 1st quarter. Vanguard Group Inc. now owns 6,091,233 shares of the company’s stock valued at $90,088,000 after purchasing an additional 1,189,990 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Mister Car Wash by 281.1% during the 2nd quarter. Sei Investments Co. now owns 1,031,471 shares of the company’s stock valued at $11,222,000 after purchasing an additional 760,828 shares during the last quarter.

Insider Buying and Selling at Mister Car Wash

In other news, COO Mayra Idali Chimienti sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $9.54, for a total value of $190,800.00. Following the completion of the transaction, the chief operating officer now owns 281,540 shares of the company’s stock, valued at approximately $2,685,891.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 71.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on MCW. Robert W. Baird began coverage on Mister Car Wash in a research report on Monday, October 3rd. They set a “neutral” rating and a $10.00 target price on the stock. MKM Partners assumed coverage on Mister Car Wash in a research note on Tuesday, October 4th. They set a “neutral” rating and a $9.00 price target on the stock. UBS Group lowered their target price on shares of Mister Car Wash to $11.00 in a research note on Wednesday, November 16th. Finally, Stifel Nicolaus cut shares of Mister Car Wash from a “buy” rating to a “hold” rating and lowered their target price for the stock from $17.00 to $10.00 in a research note on Friday, October 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.50.

Mister Car Wash Trading Up 0.1 %

Mister Car Wash stock opened at $9.59 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. Mister Car Wash, Inc. has a 52 week low of $7.80 and a 52 week high of $17.75. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. The stock has a 50-day moving average price of $9.69 and a 200 day moving average price of $9.97.

Mister Car Wash (NYSE:MCWGet Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $217.58 million during the quarter, compared to analyst estimates of $215.68 million. Mister Car Wash had a net margin of 15.40% and a return on equity of 16.69%. Sell-side analysts anticipate that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Mister Car Wash Profile

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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. As of June 16, 2022, it operated 407 car wash locations in 21 states. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.

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Institutional Ownership by Quarter for Mister Car Wash (NYSE:MCW)

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