MetLife Investment Management LLC Sells 6,278 Shares of European Wax Center, Inc. $EWCZ

MetLife Investment Management LLC lessened its holdings in European Wax Center, Inc. (NASDAQ:EWCZ) by 30.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,367 shares of the company’s stock after selling 6,278 shares during the period. MetLife Investment Management LLC’s holdings in European Wax Center were worth $57,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of European Wax Center by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock worth $84,000 after buying an additional 1,582 shares in the last quarter. Royce & Associates LP raised its position in European Wax Center by 59.3% during the first quarter. Royce & Associates LP now owns 23,411 shares of the company’s stock valued at $92,000 after purchasing an additional 8,713 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new stake in European Wax Center during the first quarter valued at about $163,000. Algert Global LLC raised its position in European Wax Center by 10.4% during the first quarter. Algert Global LLC now owns 51,470 shares of the company’s stock valued at $203,000 after purchasing an additional 4,850 shares in the last quarter. Finally, American Century Companies Inc. raised its position in European Wax Center by 13.5% during the first quarter. American Century Companies Inc. now owns 57,462 shares of the company’s stock valued at $227,000 after purchasing an additional 6,846 shares in the last quarter. Hedge funds and other institutional investors own 82.14% of the company’s stock.

European Wax Center Stock Down 2.9%

NASDAQ EWCZ opened at $3.72 on Thursday. The company has a debt-to-equity ratio of 3.53, a current ratio of 3.38 and a quick ratio of 2.76. The stock has a market capitalization of $205.42 million, a PE ratio of 18.60, a PEG ratio of 0.35 and a beta of 1.48. European Wax Center, Inc. has a 1 year low of $2.72 and a 1 year high of $8.91. The business’s 50-day moving average is $4.69 and its 200 day moving average is $4.67.

Analyst Ratings Changes

EWCZ has been the topic of a number of research reports. Wall Street Zen downgraded European Wax Center from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Citigroup raised their price target on European Wax Center from $4.50 to $6.00 and gave the company a “neutral” rating in a research report on Monday, May 19th. Telsey Advisory Group restated a “market perform” rating and set a $5.00 price target on shares of European Wax Center in a research report on Wednesday, August 13th. Robert W. Baird set a $5.50 price target on European Wax Center in a research report on Thursday, August 14th. Finally, Truist Financial raised their price target on European Wax Center from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, European Wax Center has a consensus 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.