56,423 Shares in European Wax Center, Inc. (NASDAQ:EWCZ) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new position in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 56,423 shares of the company's stock, valued at approximately $376,000. BNP Paribas Financial Markets owned about 0.10% of European Wax Center as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ararat Capital Management LP raised its holdings in shares of European Wax Center by 8.1% during the fourth quarter. Ararat Capital Management LP now owns 2,418,693 shares of the company's stock valued at $16,133,000 after purchasing an additional 181,449 shares during the period. Northern Trust Corp lifted its holdings in European Wax Center by 3.4% during the 4th quarter. Northern Trust Corp now owns 297,447 shares of the company's stock worth $1,984,000 after purchasing an additional 9,866 shares in the last quarter. Quarry LP increased its stake in 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 position in shares of European Wax Center during the 4th quarter valued at about $88,000. Finally, Gilder Gagnon Howe & Co. LLC grew its position in European Wax Center by 4.4% during 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. Institutional investors own 82.14% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on EWCZ shares. Truist Financial increased their price objective on European Wax Center from $5.00 to $6.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded European Wax Center from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Robert W. Baird lowered their price objective on 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. 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 note on Wednesday, March 12th. Finally, Jefferies Financial Group set a $15.00 price objective on European Wax Center in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $7.00.

European Wax Center Stock Down 0.5%

Shares of European Wax Center stock traded down $0.03 on Thursday, reaching $5.24. The company's stock had a trading volume of 227,176 shares, compared to its average volume of 799,368. The company has a market capitalization of $289.00 million, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.72 and a beta of 1.17. The firm's fifty day simple moving average is $3.93 and its two-hundred day simple moving average is $5.40. European Wax Center, Inc. has a 52 week low of $2.72 and a 52 week high of $12.04. 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 posted its earnings results on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.12. The business had revenue of $51.43 million during the quarter, compared to analyst estimates of $49.70 million. European Wax Center had a return on equity of 16.51% and a net margin of 4.96%. Equities analysts anticipate 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.