Voya Investment Management LLC Boosts Stake in European Wax Center, Inc. $EWCZ

Voya Investment Management LLC lifted its stake in European Wax Center, Inc. (NASDAQ:EWCZ) by 43.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,538 shares of the company’s stock after buying an additional 17,417 shares during the period. Voya Investment Management LLC owned approximately 0.10% of European Wax Center worth $227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in shares of European Wax Center by 50.2% in the first quarter. Goldman Sachs Group Inc. now owns 505,183 shares of the company’s stock worth $1,995,000 after buying an additional 168,900 shares during the period. Federated Hermes Inc. purchased a new stake in shares of European Wax Center in the first quarter worth about $1,543,000. Interval Partners LP boosted its position in shares of European Wax Center by 25.9% in the first quarter. Interval Partners LP now owns 232,850 shares of the company’s stock worth $920,000 after buying an additional 47,850 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of European Wax Center by 378.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 228,066 shares of the company’s stock worth $901,000 after buying an additional 180,389 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of European Wax Center by 294.3% in the first quarter. AQR Capital Management LLC now owns 223,120 shares of the company’s stock worth $881,000 after buying an additional 166,532 shares during the period. Hedge funds and other institutional investors own 82.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EWCZ shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $5.00 target price on shares of European Wax Center in a research report on Wednesday, August 13th. Wall Street Zen cut European Wax Center from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Robert W. Baird set a $5.50 price target on European Wax Center in a research note on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, European Wax Center currently has a consensus rating of “Hold” and a consensus target price of $6.93.

European Wax Center Trading Down 1.3%

Shares of NASDAQ EWCZ opened at $3.91 on Tuesday. The stock’s 50 day moving average price is $4.36 and its two-hundred day moving average price is $4.52. European Wax Center, Inc. has a 52-week low of $2.72 and a 52-week high of $8.91. The stock has a market capitalization of $215.91 million, a P/E ratio of 19.55, a PEG ratio of 0.36 and a beta of 1.48. The company has a quick ratio of 2.76, a current ratio of 3.38 and a debt-to-equity ratio of 3.53.

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.