SG Americas Securities LLC Makes New Investment in European Wax Center, Inc. (NASDAQ:EWCZ)

SG Americas Securities LLC acquired a new position in shares of European Wax Center, Inc. (NASDAQ:EWCZ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,493 shares of the company’s stock, valued at approximately $129,000.

A number of other large investors also recently added to or reduced their stakes in EWCZ. Diversified Trust Co raised its position in shares of European Wax Center by 4.5% in the fourth quarter. Diversified Trust Co now owns 22,365 shares of the company’s stock valued at $304,000 after buying an additional 970 shares during the last quarter. Vanguard Group Inc. raised its position in shares of European Wax Center by 8.9% in the third quarter. Vanguard Group Inc. now owns 1,795,283 shares of the company’s stock valued at $29,084,000 after buying an additional 146,238 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of European Wax Center by 26.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 60,963 shares of the company’s stock valued at $988,000 after buying an additional 12,620 shares during the last quarter. Wellington Management Group LLP raised its position in shares of European Wax Center by 19.5% in the third quarter. Wellington Management Group LLP now owns 2,202,055 shares of the company’s stock valued at $35,673,000 after buying an additional 360,006 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of European Wax Center by 17.5% in the third quarter. American Century Companies Inc. now owns 1,338,265 shares of the company’s stock valued at $21,680,000 after buying an additional 199,071 shares during the last quarter. 82.14% of the stock is currently owned by institutional investors and hedge funds.

European Wax Center Trading Down 2.9 %

Shares of EWCZ opened at $10.86 on Thursday. The company has a current ratio of 2.52, a quick ratio of 1.98 and a debt-to-equity ratio of 3.19. The firm has a market capitalization of $659.98 million, a P/E ratio of 63.88, a P/E/G ratio of 1.90 and a beta of 1.25. The firm has a 50-day moving average price of $13.43 and a 200 day moving average price of $14.18. European Wax Center, Inc. has a 12-month low of $10.82 and a 12-month high of $20.19.

European Wax Center (NASDAQ:EWCZ) last announced its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $56.33 million during the quarter, compared to analyst estimates of $53.98 million. European Wax Center had a net margin of 4.04% and a return on equity of 6.69%. Sell-side analysts forecast that European Wax Center, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

EWCZ has been the subject of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 price objective on shares of European Wax Center in a report on Wednesday, March 6th. Piper Sandler upped their price objective on shares of European Wax Center from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, January 11th.

European Wax Center Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.