MetLife Investment Management LLC Has $425,000 Position in Mister Car Wash, Inc. (NYSE:MCW)

MetLife Investment Management LLC grew its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 58,298 shares of the company’s stock after purchasing an additional 3,255 shares during the period. MetLife Investment Management LLC’s holdings in Mister Car Wash were worth $425,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MCW. Forum Financial Management LP purchased a new stake in Mister Car Wash in the 4th quarter valued at about $81,000. Blue Trust Inc. lifted its holdings in Mister Car Wash by 59.4% during the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock valued at $98,000 after purchasing an additional 5,032 shares during the last quarter. LPL Financial LLC bought a new position in Mister Car Wash in the 4th quarter worth approximately $102,000. Bank of Montreal Can increased its position in shares of Mister Car Wash by 22.6% during the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock valued at $105,000 after buying an additional 2,649 shares during the period. Finally, US Bancorp DE grew its position in Mister Car Wash by 2,317.4% during the fourth quarter. US Bancorp DE now owns 17,212 shares of the company’s stock worth $125,000 after buying an additional 16,500 shares in the last quarter.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock opened at $7.53 on Wednesday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. The stock has a 50 day moving average price of $7.62 and a 200-day moving average price of $7.56. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $8.60. 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 (NYSE:MCW) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Equities analysts expect that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Insider Activity at Mister Car Wash

In related news, CEO John Lo-Minn Lai sold 22,039 shares of Mister Car Wash stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $186,009.16. Following the completion of the transaction, the chief executive officer now owns 4,479,420 shares in the company, valued at $37,806,304.80. The trade was a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jedidiah Marc Gold sold 52,989 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $8.52, for a total transaction of $451,466.28. Following the transaction, the chief financial officer now directly owns 55,437 shares in the company, valued at approximately $472,323.24. The trade was a 48.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 286,009 shares of company stock valued at $2,397,123 over the last 90 days. Insiders own 70.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their price objective on shares of 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. Raymond James initiated coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 price objective for the company. UBS Group decreased their price target on shares of Mister Car Wash from $8.50 to $8.25 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, Stephens cut their price objective 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, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.46.

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.