Algert Global LLC Lowers Stake in European Wax Center, Inc. (NASDAQ:EWCZ)

Algert Global LLC lowered its position in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 58.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,620 shares of the company's stock after selling 64,517 shares during the period. Algert Global LLC owned 0.08% of European Wax Center worth $311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ararat Capital Management LP lifted its holdings in shares of European Wax Center by 8.1% in the 4th quarter. Ararat Capital Management LP now owns 2,418,693 shares of the company's stock worth $16,133,000 after acquiring an additional 181,449 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of European Wax Center by 3.4% in the 4th quarter. Northern Trust Corp now owns 297,447 shares of the company's stock worth $1,984,000 after acquiring an additional 9,866 shares during the last quarter. Quarry LP lifted its holdings in shares of European Wax Center by 1,996.1% in the 4th quarter. Quarry LP now owns 16,098 shares of the company's stock worth $107,000 after acquiring an additional 15,330 shares during the last quarter. Oxford Asset Management LLP bought a new stake in shares of European Wax Center in the 4th quarter worth approximately $88,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of European Wax Center by 4.4% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 283,351 shares of the company's stock worth $1,890,000 after acquiring an additional 12,034 shares during the last quarter. Hedge funds and other institutional investors own 82.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EWCZ shares. Robert W. Baird lowered their price target on shares of European Wax Center from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Jefferies Financial Group set a $15.00 price target on shares of European Wax Center in a report on Tuesday, March 11th. Morgan Stanley lowered their price target on shares of European Wax Center from $5.00 to $4.00 and set an "underweight" rating for the company in a report on Wednesday, March 12th. Truist Financial upped their price target on shares of European Wax Center from $5.00 to $6.00 and gave the company a "buy" rating in a report on Thursday. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $5.00 price target on shares of European Wax Center in a report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.94.

European Wax Center Trading Down 1.8%

NASDAQ EWCZ traded down $0.10 during trading on Friday, hitting $5.40. The company had a trading volume of 848,836 shares, compared to its average volume of 795,739. The company has a current ratio of 3.17, a quick ratio of 2.42 and a debt-to-equity ratio of 3.81. European Wax Center, Inc. has a one year low of $2.72 and a one year high of $12.04. The company has a market cap of $298.87 million, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The company's fifty day moving average is $3.75 and its 200-day moving average is $5.50.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $49.70 million. On average, sell-side analysts predict that European Wax Center, Inc. will post 0.26 earnings per share for the current year.

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.