Brown Advisory LLC has recently announced that it has increased stake in Mister Car Wash Inc. (NYSE:MCW) by 35.43%. After grabbing 11.15 million shares, the institutional investor is now in possession of 2.92 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 3.63% having worth around $98.34 million. Moreover, The Vanguard Group, Inc. increased its share by 94230.0 to have a control over 8.17 million shares. And Fidelity Investments Canada ULC raised its holdings to 0.45 million shares by acquiring 7.33 million shares or 2.38% of the stake.
Mister Car Wash Inc. (MCW) concluded trading on 05/24/23 at a closing price of $8.32, with 1.49 million shares of worth about $12.42 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.21% during that period and on Wednesday the price saw a gain of about 0.36%. Currently the company’s common shares owned by public are about 307.29M shares, out of which, 301.12M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the MCW stock and their offered price forecasts bring an average price target of $10.45. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $14.00 and could fall to a lowest price of $8.00. The stock’s current price level is 20.38% above of average price target set by the analysts, while a rise to estimated low would result in loss of -4.0% for the stock. However, touching the estimated high of $14.00 would mean a gain of 40.57% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 19 times over the past 12 months. They bought 269,217 shares in 10 of the transactions. In 9 selling transactions, insiders dumped 266,720 shares.
iShares Core S&P Small Cap ETF, Brown Advisory Small Cap Growth F, and Fidelity Greater Canada Fund are the top 3 mutual funds which are holding stakes in Mister Car Wash Inc. iShares Core S&P Small Cap ETF is currently holding 5.74 million shares of worth totaling $50.62 million. The company recently came selling 9214.0 shares which brought its stake up to 1.87% of the company’s outstanding shares. Brown Advisory Small Cap Growth F bought 74931.0 shares, after which its hold over company’s outstanding shares expand to 1.23%, leaving 3.79 million shares with the mutual fund that have a worth of about $33.45 million. Fidelity Greater Canada Fund, after buying 2.98 million shares, have now control over 0.97% of the stake in the company. It holds 0.1 million shares of worth $26.28 million.
Mister Car Wash Inc. (NYSE: MCW) started trading at $8.25, below -$0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 8.35, or with a gain of 0.36%. Stock saw a price change of -7.66% in past 5 days and over the past one month there was a price change of -1.42%. Year-to-date (YTD), MCW shares are showing a performance of -9.86% which decreased to -26.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.80 but also hit the highest price of $13.08 during that period. The average intraday trading volume for Mister Car Wash Inc. shares is 1.33 million. The stock is currently trading -5.92% below its 20-day simple moving average (SMA20), while that difference is down -4.00% for SMA50 and it goes to -11.34% lower than SMA200.
Brown Advisory LLC acquired 11.15 million shares of Mister Car Wash Inc. having value of about $98.34 million. Data submitted at the U.S SEC by Brown Advisory LLC revealed that the firm now holds 2.92 million shares in the company valued at close to $24267559.68, or have control over 35.43% stake in the company. Mister Car Wash Inc. (NYSE: MCW) currently have 307.29M outstanding shares and institutions hold larger chunk of about 104.32% of that. Holding of mutual funds in the company is about 17.46% while other institutional holders and individual stake holders have control over 72.62% and 16.07% of the stake respectively.
The stock has a current market capitalization of $2.65B. PE ratio of stock for trailing 12 months is 27.64, while it has posted earnings per share of $0.30 in the same period. Its PEG reads 4.61 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 1.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MCW, volatility over the week remained 4.07% while standing at 3.78% over the month.
Analysts are in expectations that Mister Car Wash Inc. (MCW) stock would likely to be making an EPS of $0.09 in the current quarter, while forecast for next quarter EPS is $0.08 and it is $0.38 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.08 which is $0.1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 538.10% while it is estimated to increase by 17.65% in next year. EPS is likely to shrink at an annualized rate of 6.00% for next 5-years, compared to annual growth of 34.60% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the Mister Car Wash Inc. (MCW)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 11 Wall Street analysts, 4 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
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