Tudor Investment Corp ET AL Acquires Shares of 30,379 Mister Car Wash, Inc. (NYSE:MCW)

Tudor Investment Corp ET AL acquired a new position in shares of Mister Car Wash, Inc. (NYSE:MCW) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 30,379 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its holdings in Mister Car Wash by 281.2% during the 3rd quarter. Barclays PLC now owns 179,013 shares of the company’s stock worth $1,165,000 after buying an additional 132,051 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Mister Car Wash by 54.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company’s stock worth $763,000 after acquiring an additional 41,390 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Mister Car Wash by 13.3% during the fourth quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company’s stock worth $355,000 after purchasing an additional 5,702 shares during the last quarter. Blue Trust Inc. boosted its holdings in Mister Car Wash by 59.4% in the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock valued at $98,000 after purchasing an additional 5,032 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its stake in Mister Car Wash by 74.0% in the fourth quarter. Bleakley Financial Group LLC now owns 66,666 shares of the company’s stock valued at $486,000 after purchasing an additional 28,358 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Raymond James initiated coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 target price for the company. Stephens dropped their price objective on Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Morgan Stanley boosted their target price on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Finally, UBS Group cut their price target on Mister Car Wash from $8.50 to $8.25 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.46.

Insider Transactions at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 52,989 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total transaction of $451,466.28. Following the transaction, the chief financial officer now owns 55,437 shares of the company’s stock, valued at $472,323.24. This represents a 48.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph Duane Matheny sold 6,410 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $8.01, for a total value of $51,344.10. Following the completion of the transaction, the insider now owns 81,206 shares of the company’s stock, valued at $650,460.06. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 286,009 shares of company stock worth $2,397,123. Company insiders own 70.00% of the company’s stock.

Mister Car Wash Stock Performance

Shares of MCW stock opened at $7.45 on Friday. The stock’s 50-day moving average price is $7.56 and its 200 day moving average price is $7.58. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $2.42 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $8.60.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS 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%. Mister Car Wash’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. As a group, equities research analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current 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.