Mister Car Wash, Inc. (NYSE:MCW) Stake Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 19.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 26,673 shares of the company’s stock after acquiring an additional 4,268 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mister Car Wash were worth $190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pallas Capital Advisors LLC acquired a new stake in shares of Mister Car Wash in the second quarter worth $84,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Mister Car Wash by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock worth $135,000 after purchasing an additional 2,479 shares during the period. Bessemer Group Inc. grew its position in Mister Car Wash by 9.9% during the first quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock valued at $156,000 after purchasing an additional 1,824 shares in the last quarter. Wedmont Private Capital acquired a new position in Mister Car Wash in the 2nd quarter valued at approximately $181,000. Finally, Duality Advisers LP acquired a new position in Mister Car Wash in the 1st quarter valued at approximately $243,000.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group boosted their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.36.

Insider Buying and Selling

In related news, CEO John Lo-Minn Lai sold 33,904 shares of the 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 transaction, the chief executive officer now owns 5,050,517 shares of the company’s stock, valued at $35,000,082.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO John Lo-Minn Lai sold 33,904 shares of Mister Car Wash stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total value of $234,954.72. Following the completion of the transaction, the chief executive officer now directly owns 5,050,517 shares of the company’s stock, valued at $35,000,082.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jedidiah Marc Gold sold 4,079 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $28,267.47. Following the completion of the transaction, the chief financial officer now owns 44,854 shares of the company’s stock, valued at approximately $310,838.22. The disclosure for this sale can be found here. Insiders sold a total of 42,698 shares of company stock valued at $296,860 over the last ninety days. 70.00% of the stock is owned by company insiders.

Mister Car Wash Trading Down 1.2 %

Shares of Mister Car Wash stock opened at $5.99 on Tuesday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 1.85 and a beta of 1.65. Mister Car Wash, Inc. has a 1 year low of $4.80 and a 1 year high of $9.45. The company’s fifty day simple moving average is $6.83 and its 200-day simple moving average is $7.09. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.98.

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.