European Wax Center, Inc. (NASDAQ:EWCZ) Position Boosted by American Century Companies Inc.

American Century Companies Inc. increased its position in European Wax Center, Inc. (NASDAQ:EWCZ) by 7.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,616 shares of the company’s stock after purchasing an additional 3,584 shares during the period. American Century Companies Inc. owned 0.09% of European Wax Center worth $338,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of European Wax Center in the 3rd quarter valued at approximately $162,000. Y Intercept Hong Kong Ltd acquired a new position in European Wax Center in the third quarter worth $451,000. Barclays PLC increased its stake in European Wax Center by 365.7% during the third quarter. Barclays PLC now owns 56,510 shares of the company’s stock valued at $385,000 after purchasing an additional 44,376 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of European Wax Center by 3.9% during the third quarter. Geode Capital Management LLC now owns 820,728 shares of the company’s stock worth $5,582,000 after purchasing an additional 30,804 shares during the period. Finally, Kanen Wealth Management LLC bought a new position in shares of European Wax Center in the 4th quarter worth about $637,000. 82.14% of the stock is owned by institutional investors.

European Wax Center Stock Down 7.1 %

Shares of European Wax Center stock opened at $3.39 on Monday. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. European Wax Center, Inc. has a 1-year low of $2.72 and a 1-year high of $12.11. The business’s fifty day moving average price is $5.20 and its two-hundred day moving average price is $6.09. The company has a market capitalization of $187.62 million, a P/E ratio of 14.74, a PEG ratio of 1.72 and a beta of 1.15.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EWCZ. Robert W. Baird lowered their price objective on shares of European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Jefferies Financial Group set a $15.00 target price on European Wax Center in a report on Tuesday, March 11th. Truist Financial cut their price target on European Wax Center from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price objective on shares of European Wax Center in a research note on Tuesday, March 11th. Finally, Piper Sandler cut European Wax Center from an “overweight” rating to a “neutral” rating and cut their target price for the company from $9.00 to $7.00 in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.94.

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.