Calamos Advisors LLC Trims Stock Position in European Wax Center, Inc. (NASDAQ:EWCZ)

Calamos Advisors LLC lessened its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZGet Rating) by 8.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 134,195 shares of the company’s stock after selling 12,353 shares during the quarter. Calamos Advisors LLC’s holdings in European Wax Center were worth $3,967,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EWCZ. American Century Companies Inc. lifted its position in shares of European Wax Center by 126.4% during the 4th quarter. American Century Companies Inc. now owns 1,102,022 shares of the company’s stock worth $33,446,000 after buying an additional 615,333 shares during the last quarter. MIG Capital LLC acquired a new position in shares of European Wax Center in the 4th quarter valued at $17,356,000. Redwood Investments LLC acquired a new position in shares of European Wax Center in the 4th quarter valued at $11,734,000. Hodges Capital Management Inc. acquired a new position in shares of European Wax Center in the 4th quarter valued at $11,476,000. Finally, Highside Global Management LLC acquired a new position in shares of European Wax Center in the 4th quarter valued at $8,915,000. Hedge funds and other institutional investors own 69.41% of the company’s stock.

European Wax Center Stock Performance

Shares of EWCZ opened at $19.33 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.09 and a current ratio of 2.84. The stock has a market capitalization of $1.23 billion and a P/E ratio of 161.08. The company’s fifty day moving average is $21.59 and its two-hundred day moving average is $24.80. European Wax Center, Inc. has a 1 year low of $16.30 and a 1 year high of $34.67.

European Wax Center (NASDAQ:EWCZGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. The company had revenue of $45.43 million for the quarter, compared to analysts’ expectations of $45.57 million. European Wax Center had a net margin of 3.31% and a return on equity of 9.60%. On average, sell-side analysts predict that European Wax Center, Inc. will post 0.22 earnings per share for the current year.

Insider Buying and Selling at European Wax Center

In other European Wax Center news, CEO David P. Berg sold 200,000 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $21.50, for a total value of $4,300,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Jyoti A. Lynch sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $21.50, for a total transaction of $645,000.00. Following the transaction, the insider now directly owns 6,000 shares of the company’s stock, valued at approximately $129,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David P. Berg sold 200,000 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $21.50, for a total transaction of $4,300,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,125,000 shares of company stock valued at $110,187,500. 6.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Robert W. Baird cut their target price on shares of European Wax Center from $38.00 to $35.00 in a report on Friday, April 29th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.29.

European Wax Center Company Profile

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European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. The company offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. As of March 26, 2022, it had a portfolio of centers operating in 874 locations across 44 states, including 868 franchised centers and six corporate-owned centers.

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Institutional Ownership by Quarter for European Wax Center (NASDAQ:EWCZ)

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