Olympiad Research LP Buys Shares of 36,164 Mister Car Wash, Inc. (NYSE:MCW)

Olympiad Research LP bought a new stake in shares of Mister Car Wash, Inc. (NYSE:MCW) in the fourth quarter, Holdings Channel.com reports. The firm bought 36,164 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Handelsbanken Fonder AB lifted its stake in shares of Mister Car Wash by 9.3% in the 4th quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company’s stock worth $343,000 after acquiring an additional 4,000 shares during the period. Blue Trust Inc. lifted its stake in shares of Mister Car Wash by 59.4% in the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock worth $98,000 after acquiring an additional 5,032 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Mister Car Wash by 13.3% in the 4th quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company’s stock worth $355,000 after acquiring an additional 5,702 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Mister Car Wash by 19.5% in the 3rd quarter. Victory Capital Management Inc. now owns 63,576 shares of the company’s stock worth $414,000 after acquiring an additional 10,377 shares during the period. Finally, iSAM Funds UK Ltd lifted its stake in shares of Mister Car Wash by 102.2% in the 3rd quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock worth $163,000 after acquiring an additional 12,689 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday. Morgan Stanley increased their target price 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. Wells Fargo & Company cut their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Stephens initiated coverage on shares of Mister Car Wash in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mister Car Wash currently has an average rating of “Hold” and a consensus target price of $8.57.

Mister Car Wash Stock Down 3.0 %

MCW stock opened at $7.26 on Monday. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $8.59. The company’s 50 day simple moving average is $7.45 and its 200-day simple moving average is $7.15. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The firm has a market capitalization of $2.34 billion, a P/E ratio of 32.98, a P/E/G ratio of 1.65 and a beta of 1.63.

Insider Activity

In other news, insider Joseph Duane Matheny sold 6,410 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $8.01, for a total transaction of $51,344.10. Following the sale, the insider now owns 81,206 shares in the company, valued at $650,460.06. The trade was a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 70.00% of the stock is owned by company insiders.

About Mister Car Wash

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.