Dynamic Technology Lab Private Ltd Acquires New Position 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 purchased a new position in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. increased its holdings in shares of European Wax Center by 102.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,321,817 shares of the company's stock worth $8,817,000 after buying an additional 667,723 shares during the last quarter. Woodline Partners LP increased its holdings in European Wax Center by 92.7% in the 4th quarter. Woodline Partners LP now owns 643,755 shares of the company's stock valued at $4,294,000 after purchasing an additional 309,673 shares during the last quarter. Bank of America Corp DE increased its holdings in European Wax Center by 53.9% in the 4th quarter. Bank of America Corp DE now owns 591,788 shares of the company's stock valued at $3,947,000 after purchasing an additional 207,377 shares during the last quarter. Two Sigma Investments LP increased its holdings in European Wax Center by 32.9% in the 4th quarter. Two Sigma Investments LP now owns 416,361 shares of the company's stock valued at $2,777,000 after purchasing an additional 103,042 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in European Wax Center in the 1st quarter valued at approximately $1,543,000. Institutional investors and hedge funds own 82.14% of the company's stock.

European Wax Center Stock Performance

NASDAQ EWCZ traded up $0.09 during trading on Wednesday, reaching $4.12. The company's stock had a trading volume of 26,803 shares, compared to its average volume of 624,817. European Wax Center, Inc. has a twelve month low of $2.72 and a twelve month high of $8.91. The company has a debt-to-equity ratio of 3.53, a quick ratio of 2.76 and a current ratio of 3.38. The business's fifty day moving average price is $4.55 and its 200-day moving average price is $4.59. The firm has a market cap of $227.23 million, a price-to-earnings ratio of 20.58, a P/E/G ratio of 0.36 and a beta of 1.48.

Analysts Set New Price Targets

Several research firms recently weighed in on EWCZ. Robert W. Baird set a $5.50 target price on shares of European Wax Center in a report on Thursday, August 14th. Telsey Advisory Group reiterated a "market perform" rating and issued a $5.00 target price on shares of European Wax Center in a report on Wednesday, August 13th. Finally, Wall Street Zen downgraded shares of European Wax Center from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $6.93.

European Wax Center 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.