JPMorgan Chase & Co. Raises Position in Mister Car Wash, Inc. (NYSE:MCW)

JPMorgan Chase & Co. increased its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 136.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 276,533 shares of the company’s stock after purchasing an additional 159,358 shares during the quarter. JPMorgan Chase & Co. owned 0.09% of Mister Car Wash worth $2,016,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MCW. Jane Street Group LLC lifted its holdings in shares of Mister Car Wash by 305.7% in the 3rd quarter. Jane Street Group LLC now owns 99,099 shares of the company’s stock worth $645,000 after acquiring an additional 74,673 shares during the last quarter. Barclays PLC grew its stake in shares of Mister Car Wash by 281.2% during the third quarter. Barclays PLC now owns 179,013 shares of the company’s stock valued at $1,165,000 after buying an additional 132,051 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Mister Car Wash by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company’s stock worth $13,775,000 after buying an additional 38,365 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Mister Car Wash by 13.3% during the 4th quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company’s stock worth $355,000 after acquiring an additional 5,702 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in 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 acquiring an additional 5,032 shares during the period.

Mister Car Wash Trading Down 0.3 %

Mister Car Wash stock opened at $7.09 on Friday. 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 one year low of $5.84 and a one year high of $8.60. The stock has a market cap of $2.30 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. The stock has a 50-day moving average of $7.66 and a two-hundred day moving average of $7.51.

Analysts Set New Price Targets

Several research firms have recently weighed in on MCW. Wells Fargo & Company decreased their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Raymond James began coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They issued an “outperform” rating and a $10.00 target price on the stock. Stephens reduced their target price on shares of Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research report on Thursday. Morgan Stanley increased their price objective on 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. Finally, UBS Group boosted their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a report 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Mister Car Wash has a consensus rating of “Hold” and an average price target of $8.50.

Insider Activity

In related news, CFO Jedidiah Marc Gold sold 93,121 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.51, for a total transaction of $792,459.71. Following the sale, the chief financial officer now directly owns 55,437 shares of the company’s stock, valued at $471,768.87. This trade represents a 62.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Duane Matheny sold 6,410 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $8.01, for a total value of $51,344.10. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at $650,460.06. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 360,313 shares of company stock valued at $2,995,270 over the last ninety days. 70.00% of the stock is currently owned by insiders.

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.