Bank of Montreal Can Has $105,000 Stock Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Bank of Montreal Can increased its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 22.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,380 shares of the company’s stock after buying an additional 2,649 shares during the quarter. Bank of Montreal Can’s holdings in Mister Car Wash were worth $105,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new position in shares of Mister Car Wash during the fourth quarter worth approximately $945,000. JPMorgan Chase & Co. increased its stake in Mister Car Wash by 54.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company’s stock valued at $763,000 after purchasing an additional 41,390 shares in the last quarter. Barclays PLC raised its holdings in Mister Car Wash by 281.2% during the third quarter. Barclays PLC now owns 179,013 shares of the company’s stock worth $1,165,000 after buying an additional 132,051 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Mister Car Wash in the fourth quarter valued at $698,000. Finally, AlphaQuest LLC grew its holdings in shares of Mister Car Wash by 218,505.6% during the fourth quarter. AlphaQuest LLC now owns 155,210 shares of the company’s stock valued at $1,131,000 after buying an additional 155,139 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stephens lowered 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 report on Thursday. Wells Fargo & Company dropped their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Morgan Stanley lifted their target price on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Raymond James assumed coverage on Mister Car Wash in a research report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 price target for the company. Finally, UBS Group lifted their price objective on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Thursday, February 20th. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.50.

Insider Buying and Selling

In other news, CFO Jedidiah Marc Gold sold 93,121 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $8.51, for a total transaction of $792,459.71. Following the transaction, the chief financial officer now owns 55,437 shares of the company’s stock, valued at $471,768.87. This represents a 62.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph Duane Matheny sold 74,304 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $8.05, for a total value of $598,147.20. Following the transaction, the insider now owns 81,206 shares of the company’s stock, valued at $653,708.30. The trade was a 47.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 360,313 shares of company stock valued at $2,995,270. 70.00% of the stock is owned by insiders.

Mister Car Wash Stock Up 0.1 %

MCW stock opened at $7.10 on Friday. The stock has a market cap of $2.31 billion, a P/E ratio of 32.27, a P/E/G ratio of 1.65 and a beta of 1.57. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The stock’s fifty day simple moving average is $7.65 and its two-hundred day simple moving average is $7.52. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60.

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.