Mister Car Wash, Inc. (NYSE:MCW) Receives $7.25 Average Price Target from Analysts

Shares of Mister Car Wash, Inc. (NYSE:MCW) have been assigned an average rating of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $7.1875.

Several analysts have issued reports on MCW shares. Zacks Research upgraded Mister Car Wash from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. The Goldman Sachs Group set a $5.25 price target on shares of Mister Car Wash in a research report on Friday, October 31st. JPMorgan Chase & Co. dropped their price objective on shares of Mister Car Wash from $8.50 to $8.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Mizuho reaffirmed a “neutral” rating and set a $7.00 target price (down from $8.00) on shares of Mister Car Wash in a research note on Wednesday. Finally, UBS Group boosted their target price on shares of Mister Car Wash from $6.25 to $7.00 and gave the company a “neutral” rating in a report on Thursday.

Mister Car Wash Stock Performance

MCW opened at $7.03 on Wednesday. Mister Car Wash has a twelve month low of $4.61 and a twelve month high of $8.60. The firm has a market capitalization of $2.30 billion, a PE ratio of 31.96, a PEG ratio of 1.65 and a beta of 1.46. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average price is $5.88 and its 200 day moving average price is $5.54.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, February 18th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $261.24 million for the quarter, compared to analyst estimates of $262.35 million. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. As a group, sell-side analysts expect that Mister Car Wash will post 0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Mister Car Wash

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Breach Inlet Capital Management LLC acquired a new position in shares of Mister Car Wash in the 4th quarter valued at $9,583,000. Greenhouse Funds LLLP lifted its position in Mister Car Wash by 9.4% in the third quarter. Greenhouse Funds LLLP now owns 16,863,562 shares of the company’s stock valued at $89,883,000 after buying an additional 1,444,691 shares during the last quarter. Bank of America Corp DE boosted its stake in Mister Car Wash by 303.1% during the third quarter. Bank of America Corp DE now owns 1,811,457 shares of the company’s stock worth $9,655,000 after buying an additional 1,362,094 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Mister Car Wash by 27.4% during the second quarter. The Manufacturers Life Insurance Company now owns 6,166,833 shares of the company’s stock valued at $37,063,000 after acquiring an additional 1,327,745 shares during the last quarter. Finally, Voss Capital LP purchased a new stake in shares of Mister Car Wash in the 4th quarter valued at approximately $7,211,000.

About Mister Car Wash

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.