D. E. Shaw & Co. Inc. Purchases 667,723 Shares of European Wax Center, Inc. (NASDAQ:EWCZ)

D. E. Shaw & Co. Inc. increased its position in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 102.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,321,817 shares of the company's stock after acquiring an additional 667,723 shares during the period. D. E. Shaw & Co. Inc. owned approximately 2.32% of European Wax Center worth $8,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EWCZ. Two Sigma Securities LLC bought a new stake in European Wax Center during the 4th quarter worth approximately $83,000. Price T Rowe Associates Inc. MD increased its holdings in European Wax Center by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock worth $84,000 after acquiring an additional 1,582 shares during the period. Oxford Asset Management LLP bought a new stake in European Wax Center during the 4th quarter worth approximately $88,000. SG Americas Securities LLC increased its holdings in European Wax Center by 12.3% during the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company's stock worth $103,000 after acquiring an additional 1,690 shares during the period. Finally, Intech Investment Management LLC bought a new stake in European Wax Center during the 4th quarter worth approximately $106,000. Institutional investors own 82.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EWCZ shares. Jefferies Financial Group set a $15.00 price target on shares of European Wax Center in a research note on Tuesday, March 11th. Telsey Advisory Group reissued a "market perform" rating and issued a $5.00 price target on shares of European Wax Center in a research note on Thursday. Truist Financial boosted their price target on shares of European Wax Center from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Thursday. Robert W. Baird cut 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 research note on Wednesday, March 12th. Finally, Morgan Stanley cut 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 research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, European Wax Center currently has an average rating of "Hold" and a consensus target price of $6.94.

European Wax Center Trading Down 1.8%

Shares of European Wax Center stock traded down $0.10 during trading on Friday, reaching $5.40. The company's stock had a trading volume of 848,836 shares, compared to its average volume of 795,739. European Wax Center, Inc. has a 52-week low of $2.72 and a 52-week high of $12.04. The company has a market cap of $298.87 million, a price-to-earnings ratio of 23.48, a PEG ratio of 1.72 and a beta of 1.17. The firm's 50-day moving average is $3.75 and its two-hundred day moving average is $5.51. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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 company had revenue of $51.43 million during the quarter, compared to analysts' expectations of $49.70 million. On average, sell-side analysts anticipate that European Wax Center, Inc. will post 0.26 earnings per share 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.