The recommendation that stock analysts at Stifel Nicolaus gave for Mister Car Wash (NYSE: MCW), which was previously “buy,” has been changed to “hold” as a result of the company’s stock performance, as noted in a report published. published Friday by The Fly. Their previous price target for the stock was $17.00; their current price target is $10.00, which is lower than their previous price target. Their current price target for the stock is $10.00. Given the current price of the company’s shares, Stifel Nicolaus expects that it will be possible to reach a price that is 19.05% higher than the current level.
Recent reports about the company have also come from several research professionals. On October 3, Robert W. Baird began writing about Mister Car Wash in a research note he had already begun. He had been working on the note since the previous day. They gave the company a “neutral rating” and recommended setting the price target for the stock at $10. On October 4, MKM Partners debuted their first research paper, focused on Mister Car Wash and presented to the public for the first time. They decided to rate the company as “neutral” and their price target for the stock was set at $9. Morgan Stanley’s rating for Mister Car Wash, which was previously “overweight,” was changed to “equal weight” in a study published on 12 February. was made public in August. In addition, they lowered the price target they set for the stock from $16.00 to $11.00. Finally, the Goldman Sachs Group lowered its target price for Mister Car Wash from $12.00 to $10.00 and downgraded the company’s rating from “neutral” to “sell” in a research note published Monday, June 27. In addition, they changed the company from a “buy” target to a “sell” target. The analysts gave the analysts a five-holder recommendation, with one buy recommendation, two sell recommendations, and four holders. At the moment, the average rating for the company is “Hold” and the consensus target price for the stock is currently $11.57. This data comes from the Bloomberg website.
MCW shares were first sold Friday for $8.40 a share. Over the past year, Mister Car Wash’s price has ranged from an all-time low of $8.20 to an all-time high of $19.82. There is a ratio of 0.51 for the fast ratio, 0.56 for the flow ratio and 1.22 for the general ratio. The P/E ratio for this company is 20.49, the P/E ratio for this company is 1.67 and the beta value for this company is 0.75. The total value of the company measured by market capitalization is $2.56 billion. The company currently has a simple moving average of $9.70 for the past 50 days, while its simple moving average for the past 200 days is $11.56.
On Thursday, August 11, the most recent report of the quarterly financial results of Mister Car Wash (NYSE: MCW) was released. The report can be found here. The company reported earnings of $0.10 per share for the quarter, which was significantly lower than the consensus projection of $0.11 per share with a margin of $0.01. Despite this, Mister Car Wash successfully generated a net margin of 16.24% and an equity return of 18.95% for their investors. In addition, revenue for the quarter came in at $225.16 million, significantly ahead of the consensus estimate of $218.89 million set in the previous quarter. As a result, market analysts believe Mister Car Wash will earn $0.33 per share in revenue in the current fiscal year.
On Monday, October 17, Vice President Casey Penn Lindsay sold 36,978 shares of the company. This sale was related to the topic we discussed. When the stock traded, it brought in a total of $332,802.00 in revenue, with each share yielding an average price of $9.00. Following this link will take you to the filing filed with the Securities and Exchange Commission, where the transaction was discussed. You can just ignore this link if you don’t want to follow it. The company’s employees collectively hold insider status for 71.90% of the company’s stock.
Several institutional investors have been active buyers and sellers in the most recent MCW stock transactions. Crow’s Nest Holdings LP saw a 221.1 percent increase in the percentage of Mister Car Wash it owned during the first three months of the year. After purchasing 2,606,011 additional shares in the most recent quarter, Crow’s Nest Holdings LP now owns 3,784,731 shares in the company, valued at $55,976,000. This brings the total number of shares held by the company to 3,784,731. Wasatch Advisors Inc. increased Mister Car Wash ownership by 23.5% in the first three months of the year. After additional purchases of 1,899,664 shares during the most recent quarter, Wasatch Advisors Inc. now owns a total of 9,989,232 shares of the company. The total value of the company’s market shares is currently $147,741,000. FMR LLC increased its holding in Mister Car Wash by 31.5 percent in the second quarter by purchasing additional shares. FMR LLC now holds 5,926,899 shares of the company, which are currently valued at $64,485,000 after purchasing an additional 1,418,924 shares in the previous quarter. The ownership interest that Vanguard Group Inc. in Mister Car Wash rose 24.3% in the first three months of 2018. The Vanguard Group Inc. now has a total of 6,091,233 shares of the company above thanks to the acquisition of an additional 1,189.990 shares during the most recent fiscal quarter. The amount of money is represented by the shares of the company that Vanguard Group Inc owns. Not to mention that Sei Investments Company posted a 281.1 percent increase in the number of Mister Car Wash shares it owns in the second quarter, making it the company’s largest individual ownership stake. After making additional purchases during the relevant period, Sei Investments Co. now 1,031,471 shares of the company, currently valued at $11,220,000.
The conveyor belt car wash services offered in the United States are provided by Mister Car Wash, Inc. and its subsidiaries. The company known as Mister Car Wash, Inc. provides these services. She can clean both the inside and the outside of the building on the same day. It is projected to have 407 car wash locations in 21 states by June 16 in 2022. The company officially changed its name from Hotshine Holdings, Inc. at Mister Car Wash, Inc. in March 2021. Before that, it was known as Hotshine Holdings.