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

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 93,121 shares of Mister Car Wash stock in a transaction that occurred on Monday, March 3rd. The stock was 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 owns 55,437 shares of the company’s stock, valued at approximately $471,768.87. The trade was a 62.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $8.50, for a total value of $359,363.00.

Mister Car Wash Stock Down 3.0 %

MCW stock opened at $7.96 on Thursday. The stock’s fifty day simple moving average is $7.56 and its two-hundred day simple moving average is $7.22. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.56. The stock 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. FIL Ltd lifted its position in shares of Mister Car Wash by 2.4% during the 4th quarter. FIL Ltd now owns 9,915,100 shares of the company’s stock valued at $72,281,000 after buying an additional 230,100 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Mister Car Wash by 25.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock valued at $33,127,000 after buying an additional 912,944 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Mister Car Wash by 6,003.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after purchasing an additional 3,571,675 shares during the period. State Street Corp raised its stake in shares of Mister Car Wash by 1.9% during the 3rd quarter. State Street Corp now owns 3,375,939 shares of the company’s stock valued at $21,977,000 after purchasing an additional 63,631 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Mister Car Wash by 43.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock valued at $22,895,000 after purchasing an additional 958,479 shares during the period.

Wall Street Analyst Weigh In

Several research firms have recently commented on MCW. Morgan Stanley boosted their price objective on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. 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 report on Thursday, February 20th. Stephens began coverage on Mister Car Wash in a report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on 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. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.