60,390 Shares in European Wax Center, Inc. (NASDAQ:EWCZ) Purchased by PharVision Advisers LLC

PharVision Advisers LLC bought a new stake in European Wax Center, Inc. (NASDAQ:EWCZ) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 60,390 shares of the company’s stock, valued at approximately $403,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC increased its stake in European Wax Center by 2.7% in the 4th quarter. Barclays PLC now owns 58,064 shares of the company’s stock valued at $388,000 after purchasing an additional 1,554 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in 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 valued at $84,000 after purchasing an additional 1,582 shares during the last quarter. SG Americas Securities LLC grew its holdings in European Wax Center by 12.3% in the fourth quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock valued at $103,000 after purchasing an additional 1,690 shares during the last quarter. ExodusPoint Capital Management LP increased its position in shares of European Wax Center by 7.5% in the fourth quarter. ExodusPoint Capital Management LP now owns 34,871 shares of the company’s stock valued at $233,000 after buying an additional 2,429 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of European Wax Center by 7.6% during the 4th quarter. American Century Companies Inc. now owns 50,616 shares of the company’s stock worth $338,000 after buying an additional 3,584 shares during the last quarter. 82.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on EWCZ shares. Telsey Advisory Group reissued a “market perform” rating and issued a $5.00 price objective on shares of European Wax Center in a research note on Thursday, May 15th. Citigroup raised their price objective on shares of European Wax Center from $4.50 to $6.00 and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley cut 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. Jefferies Financial Group set a $15.00 target price on European Wax Center in a research note on Tuesday, March 11th. Finally, Robert W. Baird dropped their price target on European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, European Wax Center presently has an average rating of “Hold” and a consensus target price of $7.00.

European Wax Center Stock Performance

NASDAQ:EWCZ opened at $5.40 on Wednesday. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. The firm has a market cap of $298.87 million, a PE ratio of 23.48, a P/E/G ratio of 1.72 and a beta of 1.17. The firm has a 50 day simple moving average of $3.80 and a 200-day simple moving average of $5.48. European Wax Center, Inc. has a 1-year low of $2.72 and a 1-year high of $12.04.

European Wax Center (NASDAQ:EWCZ) last released its earnings results on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.05 by $0.12. European Wax Center had a net margin of 4.96% and a return on equity of 16.51%. The firm had revenue of $51.43 million during the quarter, compared to analysts’ expectations of $49.70 million. On average, equities analysts expect that European Wax Center, Inc. will post 0.26 EPS 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.