Mister Car Wash (NYSE:MCW) Cut to Hold at Mizuho

Mizuho cut shares of Mister Car Wash (NYSE:MCW) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other equities research analysts also recently issued reports on the stock. UBS Group lifted their price target on shares of Mister Car Wash from $6.25 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group set a $5.25 target price on Mister Car Wash in a research report on Friday, October 31st. Morgan Stanley set a $7.00 price target on Mister Car Wash in a report on Thursday. Piper Sandler raised their price objective on Mister Car Wash from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Stephens upped their target price on Mister Car Wash from $6.25 to $7.50 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mister Car Wash presently has a consensus rating of “Hold” and a consensus price target of $7.19.

Mister Car Wash Stock Up 0.9%

Shares of NYSE MCW opened at $7.03 on Wednesday. The stock has a fifty day moving average price of $5.88 and a 200 day moving average price of $5.54. 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 has a 12-month low of $4.61 and a 12-month high of $8.60. The company has a market cap of $2.30 billion, a P/E ratio of 31.96, a P/E/G ratio of 1.65 and a beta of 1.46.

Mister Car Wash (NYSE:MCW) last issued its earnings results on Wednesday, February 18th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%.The company had revenue of $261.24 million during the quarter, compared to the consensus estimate of $262.35 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. Research analysts anticipate that Mister Car Wash will post 0.33 EPS for the current fiscal year.

Institutional Trading of Mister Car Wash

Several institutional investors and hedge funds have recently bought and sold shares of the company. Greenhouse Funds LLLP grew its position in shares of Mister Car Wash by 9.4% in the 3rd quarter. Greenhouse Funds LLLP now owns 16,863,562 shares of the company’s stock worth $89,883,000 after acquiring an additional 1,444,691 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mister Car Wash by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,607,392 shares of the company’s stock worth $36,738,000 after purchasing an additional 559,000 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Mister Car Wash by 27.4% in the second quarter. The Manufacturers Life Insurance Company now owns 6,166,833 shares of the company’s stock worth $37,063,000 after purchasing an additional 1,327,745 shares during the period. State Street Corp increased its stake in Mister Car Wash by 2.6% during the fourth quarter. State Street Corp now owns 3,633,753 shares of the company’s stock valued at $20,204,000 after purchasing an additional 92,304 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Mister Car Wash by 28.1% during the third quarter. Millennium Management LLC now owns 2,641,893 shares of the company’s stock worth $14,081,000 after purchasing an additional 579,213 shares during the period.

Mister Car Wash Company Profile

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.