Brown Brothers Harriman & Co. Acquires 127,791 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Brown Brothers Harriman & Co. grew its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,639,121 shares of the company’s stock after acquiring an additional 127,791 shares during the period. Brown Brothers Harriman & Co.’s holdings in Mister Car Wash were worth $19,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Mister Car Wash by 59.4% during 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 during the period. LPL Financial LLC purchased a new position in shares of Mister Car Wash during the 4th quarter valued at about $102,000. US Bancorp DE lifted its position in shares of Mister Car Wash by 2,317.4% during the 4th quarter. US Bancorp DE now owns 17,212 shares of the company’s stock valued at $125,000 after buying an additional 16,500 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Mister Car Wash during the 4th quarter valued at approximately $128,000. Finally, iSAM Funds UK Ltd increased its holdings in 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 in the last quarter.

Insiders Place Their Bets

In other Mister Car Wash news, insider Joseph Duane Matheny sold 36,452 shares of Mister Car Wash stock in a transaction on Monday, March 17th. The shares were sold at an average price of $8.01, for a total value of $291,980.52. Following the completion of the transaction, the insider now directly owns 84,895 shares of the company’s stock, valued at $680,008.95. This trade represents a 30.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jedidiah Marc Gold sold 93,121 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $8.51, for a total transaction of $792,459.71. Following the sale, the chief financial officer now owns 55,437 shares in the company, valued at $471,768.87. This represents a 62.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 360,313 shares of company stock valued at $2,995,270 in the last quarter. 70.00% of the stock is currently owned by insiders.

Mister Car Wash Price Performance

NYSE:MCW opened at $7.91 on Friday. The business’s 50-day moving average is $7.87 and its 200 day moving average is $7.40. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.60. The company has a market capitalization of $2.56 billion, a P/E ratio of 35.96, a P/E/G ratio of 1.65 and a beta of 1.60. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.

Analysts Set New Price Targets

MCW has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Stephens assumed coverage on Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target for the company. Raymond James assumed coverage on Mister Car Wash in a report on Thursday, March 13th. They set an “outperform” rating and a $10.00 price target on the stock. UBS Group upped their price objective on Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley lifted their target price on 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. One equities research 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.43.

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.