Mister Car Wash, Inc. (NYSE:MCW) Insider Joseph Duane Matheny Sells 30,742 Shares

Mister Car Wash, Inc. (NYSE:MCW) insider Joseph Duane Matheny sold 30,742 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $8.07, for a total value of $248,087.94. Following the transaction, the insider now owns 81,206 shares of the company’s stock, valued at $655,332.42. This represents a 27.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, February 14th, Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock. The stock was sold at an average price of $8.01, for a total transaction of $51,344.10.
• 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 transaction of $598,147.20.

Mister Car Wash Price Performance

Shares of MCW stock opened at $7.46 on Tuesday. The firm’s 50 day moving average price is $7.45 and its two-hundred day moving average price is $7.16. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The stock has a market cap of $2.40 billion, a PE ratio of 33.91, a PEG ratio of 1.65 and a beta of 1.63. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $8.55.

Hedge Funds Weigh In On Mister Car Wash

Hedge funds have recently added to or reduced their stakes in the stock. FIL Ltd raised its position in shares of Mister Car Wash by 2.4% in the 4th quarter. FIL Ltd now owns 9,915,100 shares of the company’s stock valued at $72,281,000 after acquiring an additional 230,100 shares during the period. The Manufacturers Life Insurance Company increased its stake in Mister Car Wash by 25.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock valued at $33,127,000 after purchasing an additional 912,944 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Mister Car Wash by 6,003.1% in the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock worth $23,639,000 after purchasing an additional 3,571,675 shares during the period. State Street Corp boosted its position in shares of Mister Car Wash by 1.9% during the third quarter. State Street Corp now owns 3,375,939 shares of the company’s stock worth $21,977,000 after purchasing an additional 63,631 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Mister Car Wash by 43.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock valued at $22,895,000 after buying an additional 958,479 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. UBS Group upped their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Wells Fargo & Company reduced 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 report on Monday, January 6th. Stephens initiated coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target for the company. Finally, Morgan Stanley upped their price objective on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.57.

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.