Mister Car Wash, Inc. (NYSE:MCW) Given Average Rating of “Hold” by Brokerages

Shares of Mister Car Wash, Inc. (NYSE:MCW) have been assigned an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.25.

MCW has been the subject of several recent analyst reports. Mizuho set a $8.00 price objective on shares of Mister Car Wash in a research note on Thursday, October 30th. Morgan Stanley lowered their target price on shares of Mister Car Wash from $7.50 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Raymond James Financial reiterated an “outperform” rating and set a $8.00 price target on shares of Mister Car Wash in a report on Thursday, October 30th. BMO Capital Markets reissued an “outperform” rating and issued a $9.00 price objective on shares of Mister Car Wash in a research report on Thursday, October 30th. Finally, Zacks Research raised shares of Mister Car Wash from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock opened at $6.01 on Wednesday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.46. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The stock has a 50 day moving average price of $5.80 and a 200-day moving average price of $5.51. Mister Car Wash has a one year low of $4.61 and a one year high of $8.60.

Hedge Funds Weigh In On Mister Car Wash

Hedge funds have recently bought and sold shares of the business. Bleakley Financial Group LLC boosted its stake in shares of Mister Car Wash by 50.9% during the second quarter. Bleakley Financial Group LLC now owns 165,583 shares of the company’s stock valued at $995,000 after purchasing an additional 55,853 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Mister Car Wash in the second quarter worth approximately $404,000. Squarepoint Ops LLC lifted its holdings in Mister Car Wash by 269.8% during the second quarter. Squarepoint Ops LLC now owns 390,568 shares of the company’s stock worth $2,347,000 after buying an additional 284,939 shares during the period. Magnetar Financial LLC bought a new stake in Mister Car Wash during the 2nd quarter valued at $992,000. Finally, Versor Investments LP increased its holdings in shares of Mister Car Wash by 42.3% in the 2nd quarter. Versor Investments LP now owns 194,000 shares of the company’s stock valued at $1,166,000 after acquiring an additional 57,700 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.