Two Sigma Advisers LP Acquires 51,600 Shares of European Wax Center, Inc. (NASDAQ:EWCZ)

Two Sigma Advisers LP grew its holdings in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 61.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,200 shares of the company’s stock after buying an additional 51,600 shares during the period. Two Sigma Advisers LP owned 0.24% of European Wax Center worth $902,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in European Wax Center by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock worth $103,000 after purchasing an additional 1,690 shares in the last quarter. Olympiad Research LP boosted its stake in European Wax Center by 116.8% in the 4th quarter. Olympiad Research LP now owns 50,000 shares of the company’s stock worth $334,000 after purchasing an additional 26,939 shares in the last quarter. Victory Capital Management Inc. boosted its stake in European Wax Center by 41.3% in the 4th quarter. Victory Capital Management Inc. now owns 143,607 shares of the company’s stock worth $958,000 after purchasing an additional 41,954 shares in the last quarter. Highland Peak Capital LLC bought a new position in European Wax Center in the 4th quarter worth about $2,745,000. Finally, Intech Investment Management LLC bought a new position in European Wax Center in the 4th quarter worth about $106,000. Institutional investors own 82.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EWCZ. Jefferies Financial Group set a $15.00 price target on shares of European Wax Center in a research note on Tuesday, March 11th. Truist Financial upped their price target on shares of European Wax Center from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Robert W. Baird dropped their price target on shares of European Wax Center from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Wall Street Zen upgraded shares of European Wax Center from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 22nd. Finally, Citigroup upped their target price on shares of European Wax Center from $4.50 to $6.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.00.

European Wax Center Price Performance

NASDAQ EWCZ opened at $5.06 on Monday. European Wax Center, Inc. has a 52 week low of $2.72 and a 52 week high of $12.04. The firm has a market capitalization of $279.34 million, a P/E ratio of 22.00, a PEG ratio of 1.72 and a beta of 1.17. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81. The company has a 50-day moving average price of $3.97 and a 200-day moving average price of $5.33.

European Wax Center (NASDAQ:EWCZ) last released its earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.12. The company had revenue of $51.43 million during the quarter, compared to analyst estimates of $49.70 million. European Wax Center had a net margin of 4.96% and a return on equity of 16.51%. Equities research analysts anticipate that European Wax Center, Inc. will post 0.26 earnings per share for the current year.

European Wax Center Company 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.