Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 6,410 Shares

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

Shares of MCW stock opened at $7.60 on Thursday. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. The company’s fifty day moving average price is $7.46 and its 200-day moving average price is $7.14. The stock has a market cap of $2.45 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 1.74 and a beta of 1.63. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $9.14.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Mister Car Wash

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. grew its position in Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock valued at $60,000 after purchasing an additional 7,617 shares during the last quarter. Quantinno Capital Management LP bought a new position in Mister Car Wash during the 4th quarter valued at about $77,000. Quarry LP bought a new position in Mister Car Wash during the 4th quarter valued at about $79,000. Forum Financial Management LP purchased a new stake in Mister Car Wash in the fourth quarter worth approximately $81,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Mister Car Wash in the 4th quarter worth $96,000.

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.