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

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

A number of other brokerages have also recently issued reports on MCW. Robert W. Baird raised their price objective on Mister Car Wash from $10.00 to $12.00 and gave the company an outperform rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. assumed coverage on Mister Car Wash in a research note on Friday, February 16th. They set a neutral rating and a $9.50 price objective on the stock. Finally, Mizuho assumed coverage on Mister Car Wash in a research note on Tuesday, March 19th. They set a buy rating and a $11.00 price objective on the stock. One research 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. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $9.85.

Mister Car Wash Trading Up 1.9 %

NYSE MCW opened at $6.84 on Monday. The stock’s 50-day simple moving average is $7.62 and its two-hundred day simple moving average is $7.52. Mister Car Wash has a twelve month low of $4.80 and a twelve month high of $10.07. The company has a quick ratio of 0.31, a current ratio of 0.36 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 2.13 and a beta of 1.65.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $230.89 million. Research analysts forecast that Mister Car Wash will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Mayra Idali Chimienti sold 35,000 shares of the firm’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 sale, the chief operating officer now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 4,857 shares of Mister Car Wash stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 33,933 shares of the company’s stock, valued at approximately $260,944.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Mayra Idali Chimienti sold 35,000 shares of Mister Car Wash stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 270,523 shares in the company, valued at $1,907,187.15. The disclosure for this sale can be found here. Insiders have sold 178,465 shares of company stock valued at $1,491,916 over the last ninety days. 71.20% of the stock is owned by insiders.

Institutional Trading of Mister Car Wash

Large investors have recently bought and sold shares of the company. ORG Partners LLC purchased a new position in shares of Mister Car Wash during the fourth quarter valued at approximately $43,000. SG Americas Securities LLC purchased a new position in shares of Mister Car Wash during the third quarter valued at approximately $73,000. CenterBook Partners LP purchased a new position in shares of Mister Car Wash during the third quarter valued at approximately $80,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Mister Car Wash by 57.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,795 shares of the company’s stock valued at $93,000 after purchasing an additional 6,103 shares during the last quarter. Finally, Pathstone Family Office LLC lifted its holdings in shares of Mister Car Wash by 59.2% during the third quarter. Pathstone Family Office LLC now owns 19,318 shares of the company’s stock valued at $106,000 after purchasing an additional 7,187 shares during the last quarter.

About Mister Car Wash

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.