Jedidiah Marc Gold Sells 93,121 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 93,121 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $8.51, for a total value of $792,459.71. Following the completion of the sale, the chief financial officer now directly owns 55,437 shares in the company, valued at $471,768.87. This trade represents a 62.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, February 28th, Jedidiah Marc Gold sold 42,278 shares of Mister Car Wash stock. The shares were sold at an average price of $8.50, for a total value of $359,363.00.

Mister Car Wash Price Performance

Mister Car Wash stock opened at $7.96 on Thursday. The stock’s 50 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 current ratio of 0.53 and a quick ratio of 0.24. The firm has a market cap of $2.58 billion, a P/E ratio of 36.18, a P/E/G ratio of 1.65 and a beta of 1.63. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $8.56.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MCW shares. Stephens began coverage on Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price objective on the stock. Morgan Stanley lifted their price target on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. UBS Group lifted their price target on Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company cut their price target on 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.57.

Hedge Funds Weigh In On Mister Car Wash

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of Mister Car Wash by 281.2% in the third quarter. Barclays PLC now owns 179,013 shares of the company’s stock worth $1,165,000 after acquiring an additional 132,051 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Mister Car Wash by 54.6% in the third quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company’s stock worth $763,000 after acquiring an additional 41,390 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of Mister Car Wash by 41.1% in the third quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company’s stock worth $16,349,000 after acquiring an additional 731,366 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of 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 acquiring an additional 3,571,675 shares during the period. Finally, Verition Fund Management LLC lifted its stake in shares of Mister Car Wash by 200.9% in the third quarter. Verition Fund Management LLC now owns 514,467 shares of the company’s stock worth $3,349,000 after acquiring an additional 343,512 shares during the period.

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.