D. E. Shaw & Co. Inc. Buys Shares of 79,174 Mister Car Wash, Inc. (NYSE:MCW)

D. E. Shaw & Co. Inc. purchased a new position in shares of Mister Car Wash, Inc. (NYSE:MCW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 79,174 shares of the company’s stock, valued at approximately $577,000.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can increased its stake in shares of Mister Car Wash by 22.6% in the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock worth $105,000 after purchasing an additional 2,649 shares during the period. New Age Alpha Advisors LLC bought a new position in Mister Car Wash in the 4th quarter worth approximately $945,000. JPMorgan Chase & Co. lifted its holdings in shares of Mister Car Wash by 54.6% during the third quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company’s stock worth $763,000 after buying an additional 41,390 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Mister Car Wash in the fourth quarter valued at approximately $698,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Mister Car Wash by 43.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock worth $22,895,000 after acquiring an additional 958,479 shares during the last quarter.

Wall Street Analysts Forecast Growth

MCW has been the topic of several research reports. UBS Group lowered their price target on Mister Car Wash from $8.50 to $8.25 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Raymond James began coverage on Mister Car Wash in a research report on Thursday, March 13th. They set an “outperform” rating and a $10.00 price objective on the stock. Morgan Stanley upped their target price on 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. Finally, Stephens decreased their price target on shares of Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.46.

Mister Car Wash Stock Up 0.3%

Shares of MCW stock opened at $7.09 on Monday. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $8.60. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.65 and a beta of 1.58. The firm’s 50-day moving average is $7.49 and its 200-day moving average is $7.61. 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 issued its quarterly earnings data 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%. During the same period last year, the firm earned $0.08 EPS. Mister Car Wash’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Insider Buying and Selling at Mister Car Wash

In related news, Director Jodi Taylor sold 5,205 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $7.06, for a total transaction of $36,747.30. Following the transaction, the director now directly owns 36,932 shares in the company, valued at $260,739.92. This trade represents a 12.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jedidiah Marc Gold sold 93,121 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.51, for a total transaction of $792,459.71. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 268,267 shares of company stock valued at $2,242,916 over the last three months. 69.00% 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.