Jedidiah Marc Gold Sells 42,278 Shares of Mister Car Wash, Inc. (NYSE:MCW) Stock

Mister Car Wash, Inc. (NYSE:MCW) CFO Jedidiah Marc Gold sold 42,278 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $8.50, for a total transaction of $359,363.00. Following the transaction, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $381,259. This represents a 48.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jedidiah Marc Gold also recently made the following trade(s):

• On Monday, March 3rd, Jedidiah Marc Gold sold 93,121 shares of Mister Car Wash stock. The stock was sold at an average price of $8.51, for a total value of $792,459.71.

Mister Car Wash Stock Performance

Shares of MCW opened at $8.21 on Wednesday. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.56. The stock has a market cap of $2.66 billion, a P/E ratio of 37.32, a PEG ratio of 1.65 and a beta of 1.63. 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 company has a 50-day moving average of $7.54 and a two-hundred day moving average of $7.21.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. 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 research note on Monday, January 6th. Stephens assumed coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target for the company. Morgan Stanley raised their price objective on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Finally, UBS Group increased their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.57.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MCW. Quantinno Capital Management LP acquired a new stake in Mister Car Wash during the 4th quarter valued at $77,000. Quarry LP acquired a new stake in shares of Mister Car Wash during the fourth quarter valued at $79,000. Forum Financial Management LP purchased a new stake in Mister Car Wash during the 4th quarter worth about $81,000. BNP Paribas Financial Markets purchased a new position in Mister Car Wash in the 4th quarter valued at about $96,000. Finally, Blue Trust Inc. boosted its stake in shares of Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock worth $98,000 after purchasing an additional 5,032 shares during the last quarter.

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.