American Century Companies Inc. Buys 6,846 Shares of European Wax Center, Inc. $EWCZ

American Century Companies Inc. raised its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 13.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,462 shares of the company’s stock after purchasing an additional 6,846 shares during the quarter. American Century Companies Inc. owned 0.10% of European Wax Center worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in European Wax Center by 14.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock valued at $84,000 after purchasing an additional 1,582 shares during the last quarter. Wells Fargo & Company MN lifted its position in European Wax Center by 46.6% during the fourth quarter. Wells Fargo & Company MN now owns 15,836 shares of the company’s stock valued at $106,000 after purchasing an additional 5,033 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of European Wax Center by 59.3% in the 1st quarter. Royce & Associates LP now owns 23,411 shares of the company’s stock worth $92,000 after acquiring an additional 8,713 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of European Wax Center by 20.4% in the 4th quarter. Hsbc Holdings PLC now owns 37,402 shares of the company’s stock worth $247,000 after acquiring an additional 6,348 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of European Wax Center in the 1st quarter worth approximately $163,000. 82.14% of the stock is currently owned by institutional investors.

European Wax Center Trading Down 2.1%

NASDAQ:EWCZ opened at $4.16 on Monday. The company has a quick ratio of 2.76, a current ratio of 3.38 and a debt-to-equity ratio of 3.53. The company has a fifty day moving average of $4.80 and a 200 day moving average of $4.71. The firm has a market capitalization of $229.72 million, a P/E ratio of 20.80, a P/E/G ratio of 0.38 and a beta of 1.48. European Wax Center, Inc. has a 52 week low of $2.72 and a 52 week high of $8.91.

Wall Street Analyst Weigh In

EWCZ has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of European Wax Center from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Wall Street Zen lowered shares of European Wax Center from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd. Robert W. Baird set a $5.50 price objective on shares of European Wax Center in a report on Thursday, August 14th. Citigroup boosted their price objective on shares of European Wax Center from $4.50 to $6.00 and gave the stock a “neutral” rating in a report on Monday, May 19th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $5.00 price target on shares of European Wax Center in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, European Wax Center currently has an average rating of “Hold” and an average target price of $6.93.

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.