Tudor Investment Corp ET AL Purchases 235,817 Shares of Mister Car Wash, Inc. $MCW

Tudor Investment Corp ET AL increased its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 24.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,209,493 shares of the company’s stock after purchasing an additional 235,817 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Mister Car Wash were worth $6,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Mister Car Wash by 75.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,038 shares of the company’s stock valued at $42,000 after purchasing an additional 3,027 shares during the last quarter. Quarry LP grew its position in shares of Mister Car Wash by 65.7% in the 3rd quarter. Quarry LP now owns 7,604 shares of the company’s stock worth $41,000 after buying an additional 3,016 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Mister Car Wash by 18,260.0% during the third quarter. Russell Investments Group Ltd. now owns 8,262 shares of the company’s stock valued at $44,000 after buying an additional 8,217 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Mister Car Wash by 140.0% during the second quarter. Tower Research Capital LLC TRC now owns 9,700 shares of the company’s stock valued at $58,000 after acquiring an additional 5,659 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Mister Car Wash during the third quarter valued at approximately $56,000.

Mister Car Wash Stock Performance

NYSE:MCW opened at $6.98 on Wednesday. The firm has a market capitalization of $2.29 billion, a P/E ratio of 31.73, a PEG ratio of 1.65 and a beta of 1.40. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. Mister Car Wash, Inc. has a one year low of $4.61 and a one year high of $8.60. The company’s 50-day simple moving average is $6.43 and its 200 day simple moving average is $5.73.

Mister Car Wash (NYSE:MCW) last announced its earnings results on Wednesday, February 18th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The business had revenue of $261.24 million during the quarter, compared to the consensus estimate of $262.35 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, analysts forecast that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on MCW shares. Raymond James Financial lowered Mister Car Wash from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 20th. Guggenheim downgraded shares of Mister Car Wash from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 18th. Wells Fargo & Company cut shares of Mister Car Wash from an “overweight” rating to an “equal weight” rating and set a $7.00 target price for the company. in a research report on Wednesday, February 18th. William Blair cut shares of Mister Car Wash from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Finally, UBS Group boosted their price target on shares of Mister Car Wash from $6.25 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Mister Car Wash has a consensus rating of “Hold” and a consensus target price of $7.10.

Mister Car Wash Company Profile

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.