European Wax Center, Inc. (NASDAQ:EWCZ) Shares Bought by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC raised its holdings in European Wax Center, Inc. (NASDAQ:EWCZ) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 283,351 shares of the company’s stock after buying an additional 12,034 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 0.50% of European Wax Center worth $1,890,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Two Sigma Securities LLC purchased a new position in European Wax Center in the fourth quarter valued at $83,000. Price T Rowe Associates Inc. MD raised its position in European Wax Center by 14.6% in the 4th 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 in the last quarter. SG Americas Securities LLC boosted its stake in shares of European Wax Center by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock valued at $103,000 after buying an additional 1,690 shares during the period. Intech Investment Management LLC acquired a new position in shares of European Wax Center during the fourth quarter worth about $106,000. Finally, Wells Fargo & Company MN increased its stake in shares of European Wax Center by 46.6% during the fourth quarter. Wells Fargo & Company MN now owns 15,836 shares of the company’s stock worth $106,000 after buying an additional 5,033 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

Analyst Ratings Changes

EWCZ has been the subject of a number of recent research reports. 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 decreased their price objective on shares of European Wax Center from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 target price on shares of European Wax Center in a report on Tuesday, March 11th. Piper Sandler cut European Wax Center from an “overweight” rating to a “neutral” rating and cut their price target for the company from $9.00 to $7.00 in a research note on Monday, January 6th. Finally, Morgan Stanley lowered their price objective on European Wax Center from $5.00 to $4.00 and set an “underweight” rating for the company in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, European Wax Center has a consensus rating of “Hold” and a consensus price target of $6.94.

European Wax Center Stock Performance

Shares of EWCZ stock opened at $3.28 on Friday. The stock’s 50-day moving average is $4.45 and its two-hundred day moving average is $5.84. The firm has a market cap of $181.53 million, a price-to-earnings ratio of 14.26, a PEG ratio of 1.72 and a beta of 1.15. European Wax Center, Inc. has a 1 year low of $2.72 and a 1 year high of $12.11. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17.

About European Wax Center

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.