Cubist Systematic Strategies LLC Purchases 132,112 Shares of European Wax Center, Inc. $EWCZ

Key Points

• Cubist Systematic Strategies LLC significantly increased its holdings in European Wax Center by 246.5%, now owning approximately 185,708 shares valued at $734,000.
• Institutional investors collectively own 82.14% of European Wax Center's stock, with notable investments from Price T Rowe Associates and Royce & Associates among others.
• European Wax Center's stock has recently seen a decline of 4.5%, trading at $3.83 with a market capitalization of $211.49 million and an average target price of $6.93 from analysts.

Cubist Systematic Strategies LLC lifted its holdings in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 246.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 185,708 shares of the company's stock after purchasing an additional 132,112 shares during the period. Cubist Systematic Strategies LLC owned 0.34% of European Wax Center worth $734,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in shares of European Wax Center by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock valued at $84,000 after purchasing an additional 1,582 shares during the period. Royce & Associates LP grew its stake in shares of European Wax Center by 59.3% in the 1st quarter. Royce & Associates LP now owns 23,411 shares of the company's stock valued at $92,000 after purchasing an additional 8,713 shares during the period. Cornerstone Investment Partners LLC bought a new stake in shares of European Wax Center in the 1st quarter valued at approximately $163,000. Algert Global LLC grew its stake in shares of European Wax Center by 10.4% in the 1st quarter. Algert Global LLC now owns 51,470 shares of the company's stock valued at $203,000 after purchasing an additional 4,850 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of European Wax Center by 13.5% in the 1st quarter. American Century Companies Inc. now owns 57,462 shares of the company's stock valued at $227,000 after purchasing an additional 6,846 shares during the period. 82.14% of the stock is currently owned by institutional investors.

European Wax Center Trading Up 0.5%

Shares of EWCZ stock traded up $0.02 during trading hours on Monday, reaching $3.92. The company had a trading volume of 429,393 shares, compared to its average volume of 377,340. The company has a 50 day moving average of $4.58 and a 200 day moving average of $4.60. The company has a debt-to-equity ratio of 3.53, a current ratio of 3.38 and a quick ratio of 2.76. The firm has a market cap of $216.46 million, a price-to-earnings ratio of 19.60, a P/E/G ratio of 0.35 and a beta of 1.48. European Wax Center, Inc. has a 1-year low of $2.72 and a 1-year high of $8.91.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen downgraded European Wax Center from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Robert W. Baird set a $5.50 target price on European Wax Center in a report on Thursday, August 14th. Telsey Advisory Group reissued 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, Citigroup boosted their target price on European Wax Center from $4.50 to $6.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $6.93.

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.