Jedidiah Marc Gold Sells 42,278 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 42,278 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $8.50, for a total value of $359,363.00. Following the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at approximately $381,259. This represents a 48.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jedidiah Marc Gold also recently made the following trade(s):

• On Monday, March 3rd, Jedidiah Marc Gold sold 93,121 shares of Mister Car Wash stock. The stock was sold at an average price of $8.51, for a total value of $792,459.71.

Mister Car Wash Trading Down 3.0 %

Shares of MCW opened at $7.96 on Thursday. The stock has a market capitalization of $2.58 billion, a PE ratio of 36.18, a P/E/G ratio of 1.65 and a beta of 1.63. The company’s fifty day moving average is $7.56 and its 200 day moving average is $7.22. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.56.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group upped their price target on Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Stephens started coverage on shares of 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. Wells Fargo & Company cut their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Morgan Stanley boosted their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.57.

Institutional Trading of Mister Car Wash

A number of large investors have recently made changes to their positions in the business. Quantinno Capital Management LP bought a new position in shares of Mister Car Wash in the 4th quarter valued at about $77,000. Quarry LP purchased a new stake in Mister Car Wash during the fourth quarter valued at approximately $79,000. Forum Financial Management LP bought a new stake in shares of Mister Car Wash in the 4th quarter valued at approximately $81,000. BNP Paribas Financial Markets purchased a new position in shares of Mister Car Wash in the 4th quarter worth approximately $96,000. Finally, Blue Trust Inc. increased its position in shares of Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock valued at $98,000 after purchasing an additional 5,032 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.