Findell Capital Management LLC Takes $1.67 Million Position in European Wax Center, Inc. (NASDAQ:EWCZ)

Findell Capital Management LLC purchased a new stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 250,000 shares of the company's stock, valued at approximately $1,668,000. European Wax Center makes up about 0.7% of Findell Capital Management LLC's portfolio, making the stock its 15th largest position. Findell Capital Management LLC owned about 0.44% of European Wax Center at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Two Sigma Securities LLC purchased a new position in European Wax Center during the fourth quarter valued at approximately $83,000. 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 worth $84,000 after purchasing an additional 1,582 shares during the last quarter. Oxford Asset Management LLP purchased a new position in European Wax Center in the fourth quarter worth $88,000. 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 worth $103,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in European Wax Center in the fourth quarter worth $106,000. Institutional investors own 82.14% of the company's stock.

European Wax Center Stock Down 0.8%

Shares of NASDAQ:EWCZ traded down $0.03 during trading on Friday, hitting $3.57. The company's stock had a trading volume of 578,791 shares, compared to its average volume of 794,204. The business has a 50 day moving average price of $3.81 and a two-hundred day moving average price of $5.58. The company has a market capitalization of $197.59 million, a PE ratio of 15.52, a P/E/G ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17. European Wax Center, Inc. has a fifty-two week low of $2.72 and a fifty-two week high of $12.05.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Jefferies Financial Group set a $15.00 price target on shares of European Wax Center in a report on Tuesday, March 11th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 price target on shares of European Wax Center in a report on Tuesday, March 11th. Robert W. Baird dropped their price objective on shares of European Wax Center from $7.00 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Truist Financial dropped their price objective on shares of European Wax Center from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley dropped their price objective on shares of European Wax Center from $5.00 to $4.00 and set an "underweight" rating on the stock in a 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $6.94.

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.