BNP Paribas Financial Markets Buys Shares of 56,423 European Wax Center, Inc. (NASDAQ:EWCZ)

BNP Paribas Financial Markets purchased a new stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of EWCZ. Ararat Capital Management LP lifted its position in 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 acquiring an additional 181,449 shares during the last quarter. Northern Trust Corp lifted its position in European Wax Center by 3.4% during the fourth quarter. Northern Trust Corp now owns 297,447 shares of the company's stock valued at $1,984,000 after acquiring an additional 9,866 shares during the last quarter. Quarry LP lifted its position in European Wax Center by 1,996.1% during the fourth quarter. Quarry LP now owns 16,098 shares of the company's stock valued at $107,000 after acquiring an additional 15,330 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in European Wax Center during the fourth quarter valued at approximately $88,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its position in European Wax Center by 4.4% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 283,351 shares of the company's stock valued at $1,890,000 after acquiring an additional 12,034 shares during the last quarter. 82.14% of the stock is owned by hedge funds and other institutional investors.

European Wax Center Price Performance

EWCZ traded up $0.04 on Friday, hitting $5.25. 32,640 shares of the company's stock were exchanged, compared to its average volume of 798,747. European Wax Center, Inc. has a fifty-two week low of $2.72 and a fifty-two week high of $12.04. The company has a current ratio of 3.17, a quick ratio of 2.42 and a debt-to-equity ratio of 3.81. The firm has a 50-day moving average price of $3.95 and a 200-day moving average price of $5.37. The stock has a market cap of $289.55 million, a price-to-earnings ratio of 22.77, a P/E/G ratio of 1.72 and a beta of 1.17.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.12. The company had revenue of $51.43 million for the quarter, compared to analysts' expectations of $49.70 million. European Wax Center had a net margin of 4.96% and a return on equity of 16.51%. As a group, equities analysts anticipate that European Wax Center, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EWCZ. Robert W. Baird decreased their target price on shares of 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. Morgan Stanley decreased their price objective on shares of 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. Citigroup increased their price objective on shares of European Wax Center from $4.50 to $6.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Jefferies Financial Group set a $15.00 price objective on shares of European Wax Center in a research report on Tuesday, March 11th. Finally, Wall Street Zen raised shares of European Wax Center from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $7.00.

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.