Mister Car Wash, Inc. (NYSE:MCW) COO Sells $11,753.28 in Stock

Mister Car Wash, Inc. (NYSE:MCW) COO Mayra Idali Chimienti sold 1,696 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $11,753.28. Following the sale, the chief operating officer now directly owns 339,999 shares in the company, valued at approximately $2,356,193.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Mayra Idali Chimienti also recently made the following trade(s):

• On Tuesday, June 4th, Mayra Idali Chimienti sold 432 shares of Mister Car Wash stock. The stock was sold at an average price of $6.91, for a total transaction of $2,985.12.

Mister Car Wash Stock Down 0.1 %

MCW stock opened at $7.12 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. Mister Car Wash, Inc. has a twelve month low of $4.80 and a twelve month high of $10.07. The company’s 50 day moving average is $7.11 and its two-hundred day moving average is $7.73. The stock has a market cap of $2.27 billion, a P/E ratio of 30.96, a PEG ratio of 2.22 and a beta of 1.67.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Mister Car Wash had a return on equity of 9.38% and a net margin of 8.04%. The company had revenue of $239.18 million for the quarter, compared to analyst estimates of $244.06 million. Research analysts expect that Mister Car Wash, Inc. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MCW. JPMorgan Chase & Co. raised shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price target on the stock in a research report on Friday, May 3rd. Mizuho began coverage on shares of Mister Car Wash in a report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 target price on the stock. Finally, Wells Fargo & Company reduced their target price on shares of Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.56.

Hedge Funds Weigh In On Mister Car Wash

A number of hedge funds have recently modified their holdings of MCW. ORG Partners LLC purchased a new position in shares of Mister Car Wash during the fourth quarter worth approximately $43,000. Price T Rowe Associates Inc. MD grew its position in shares of Mister Car Wash by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company’s stock worth $135,000 after acquiring an additional 2,479 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Mister Car Wash by 9.9% during the first quarter. Bessemer Group Inc. now owns 20,179 shares of the company’s stock worth $156,000 after acquiring an additional 1,824 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Mister Car Wash by 33.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,405 shares of the company’s stock worth $194,000 after acquiring an additional 5,610 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in shares of Mister Car Wash during the third quarter worth approximately $210,000.

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.