Barclays PLC Purchases 132,051 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Barclays PLC increased its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 281.2% during the third quarter, Holdings Channel reports. The fund owned 179,013 shares of the company’s stock after purchasing an additional 132,051 shares during the period. Barclays PLC’s holdings in Mister Car Wash were worth $1,165,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in Mister Car Wash by 763.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company’s stock worth $29,155,000 after buying an additional 3,640,862 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Mister Car Wash by 6,003.1% during the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock worth $23,639,000 after purchasing an additional 3,571,675 shares in the last quarter. State Street Corp grew its stake in shares of Mister Car Wash by 1.9% during the third quarter. State Street Corp now owns 3,375,939 shares of the company’s stock valued at $21,977,000 after purchasing an additional 63,631 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Mister Car Wash by 41.1% in the third quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company’s stock valued at $16,349,000 after purchasing an additional 731,366 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Mister Car Wash by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company’s stock worth $13,775,000 after purchasing an additional 38,365 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently issued reports on MCW. Wells Fargo & Company decreased their price target 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. UBS Group lifted their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.08.

Insider Buying and Selling

In other Mister Car Wash news, insider Joseph Duane Matheny sold 23,697 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $7.97, for a total value of $188,865.09. Following the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at $647,211.82. This trade represents a 22.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jedidiah Marc Gold sold 66,122 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at $381,707.54. The trade was a 59.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 613,896 shares of company stock valued at $4,957,139. 70.00% of the stock is owned by insiders.

Mister Car Wash Stock Up 1.7 %

Shares of Mister Car Wash stock opened at $7.10 on Tuesday. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $9.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The business’s 50 day simple moving average is $7.64 and its 200 day simple moving average is $7.04. The firm has a market cap of $2.29 billion, a PE ratio of 30.87, a P/E/G ratio of 1.95 and a beta of 1.61.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $249.33 million during the quarter, compared to the consensus estimate of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. On average, analysts predict that Mister Car Wash, Inc. will post 0.29 earnings per share for the current fiscal year.

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.