Dynamic Technology Lab Private Ltd Buys New Holdings in European Wax Center, Inc. $EWCZ

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $458,000 in European Wax Center, acquiring 115,995 shares during the first quarter.
• Institutional investors now hold 82.14% of European Wax Center's stock, with notable increases in stakes by firms such as D.E. Shaw & Co. and Massachusetts Financial Services.
• European Wax Center's average price target is set at $6.93 with varying ratings from analysts, including one "Buy," four "Hold," and one "Sell."

Dynamic Technology Lab Private Ltd bought a new position in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 115,995 shares of the company's stock, valued at approximately $458,000. Dynamic Technology Lab Private Ltd owned about 0.21% of European Wax Center as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in shares of European Wax Center during the 1st quarter worth approximately $333,000. Bank of America Corp DE lifted its stake in shares of European Wax Center by 53.9% during the 4th quarter. Bank of America Corp DE now owns 591,788 shares of the company's stock worth $3,947,000 after acquiring an additional 207,377 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of European Wax Center by 32.9% during the 4th quarter. Two Sigma Investments LP now owns 416,361 shares of the company's stock worth $2,777,000 after acquiring an additional 103,042 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of European Wax Center during the 4th quarter worth approximately $376,000. Finally, Two Sigma Advisers LP lifted its stake in shares of European Wax Center by 61.7% during the 4th quarter. Two Sigma Advisers LP now owns 135,200 shares of the company's stock worth $902,000 after acquiring an additional 51,600 shares during the last quarter. Institutional investors own 82.14% of the company's stock.

Analyst Upgrades and Downgrades

EWCZ has been the subject of a number of research analyst reports. Telsey Advisory Group reissued a "market perform" rating and set a $5.00 price target on shares of European Wax Center in a research note on Wednesday, August 13th. Wall Street Zen lowered European Wax Center from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Citigroup lifted their target price on European Wax Center from $4.50 to $6.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Finally, Robert W. Baird set a $5.50 target price on European Wax Center in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $6.93.

European Wax Center Stock Up 1.4%

NASDAQ:EWCZ traded up $0.06 during mid-day trading on Tuesday, hitting $3.98. 212,794 shares of the company's stock traded hands, compared to its average volume of 627,363. The company has a fifty day moving average of $4.58 and a 200 day moving average of $4.60. European Wax Center, Inc. has a twelve month low of $2.72 and a twelve month high of $8.91. The company has a market capitalization of $219.50 million, a P/E ratio of 19.87, a P/E/G ratio of 0.35 and a beta of 1.48. The company has a debt-to-equity ratio of 3.53, a quick ratio of 2.76 and a current ratio of 3.38.

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.