Olympiad Research LP Buys New Stake in Mister Car Wash, Inc. (NYSE:MCW)

Olympiad Research LP bought a new stake in shares of Mister Car Wash, Inc. (NYSE:MCW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 36,164 shares of the company’s stock, valued at approximately $264,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Mister Car Wash by 6,003.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after acquiring an additional 3,571,675 shares in the last quarter. State Street Corp increased its stake in Mister Car Wash by 1.9% during the 3rd quarter. State Street Corp now owns 3,375,939 shares of the company’s stock worth $21,977,000 after buying an additional 63,631 shares during the period. Brown Brothers Harriman & Co. increased its stake in Mister Car Wash by 41.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company’s stock worth $16,349,000 after buying an additional 731,366 shares during the period. Geode Capital Management LLC increased its stake in Mister Car Wash by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company’s stock worth $13,775,000 after buying an additional 38,365 shares during the period. Finally, Verition Fund Management LLC increased its stake in Mister Car Wash by 200.9% during the 3rd quarter. Verition Fund Management LLC now owns 514,467 shares of the company’s stock worth $3,349,000 after buying an additional 343,512 shares during the period.

Mister Car Wash Price Performance

Shares of NYSE:MCW opened at $7.26 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.59. The firm has a 50-day simple moving average of $7.45 and a 200 day simple moving average of $7.15. The company has a market cap of $2.34 billion, a PE ratio of 32.98, a P/E/G ratio of 1.65 and a beta of 1.63.

Analysts Set New Price Targets

MCW has been the topic of several analyst reports. 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 price target on the stock. Morgan Stanley lifted their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday. UBS Group lifted 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. Finally, Wells Fargo & Company dropped 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 report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.57.

Insider Activity at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 6,410 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $8.01, for a total transaction of $51,344.10. Following the completion of the sale, the insider now owns 81,206 shares of the company’s stock, valued at $650,460.06. This represents a 7.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 70.00% of the company’s stock.

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.