Mister Car Wash, Inc. (NYSE:MCW) Insider Sells $51,344.10 in Stock

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 6,410 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $8.01, for a total value of $51,344.10. Following the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at $650,460.06. This represents a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Joseph Duane Matheny also recently made the following trade(s):

• On Tuesday, January 28th, Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock. The shares were sold at an average price of $8.05, for a total value of $598,147.20.

Mister Car Wash Stock Down 1.2 %

Shares of MCW stock opened at $7.60 on Thursday. The company’s fifty day simple moving average is $7.46 and its two-hundred day simple moving average is $7.14. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $9.14. The stock has a market cap of $2.45 billion, a P/E ratio of 33.04, a PEG ratio of 1.74 and a beta of 1.63. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Morgan Stanley dropped their target price on shares of Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. UBS Group raised their price target on Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Stephens initiated coverage on Mister Car Wash in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.36.

Institutional Trading of Mister Car Wash

Several hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its position in Mister Car Wash by 884.7% in the third quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after purchasing an additional 7,617 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of Mister Car Wash in the 4th quarter worth $77,000. Quarry LP bought a new stake in shares of Mister Car Wash in the 4th quarter worth about $79,000. Forum Financial Management LP purchased a new stake in shares of Mister Car Wash during the 4th quarter valued at about $81,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Mister Car Wash in the 4th quarter valued at about $96,000.

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.