Landscape Capital Management L.L.C. Has $545,000 Holdings in European Wax Center, Inc. $EWCZ

Key Points

• Landscape Capital Management L.L.C. reduced its stake in European Wax Center, Inc. by 31.1% in the first quarter, now holding about 0.25% of the company valued at $545,000.
• Hedge funds and institutional investors collectively own 82.14% of European Wax Center's stock, with several funds increasing their stakes recently.
• European Wax Center's stock has seen a significant price target increase from Citigroup and Truist Financial, with consensus ratings reflecting a Hold status and an average price target of $6.93.

Landscape Capital Management L.L.C. lowered its holdings in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 31.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,979 shares of the company's stock after selling 62,176 shares during the period. Landscape Capital Management L.L.C. owned about 0.25% of European Wax Center worth $545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of European Wax Center by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock worth $84,000 after buying an additional 1,582 shares during the period. Royce & Associates LP lifted its position in shares of European Wax Center by 59.3% during the 1st quarter. Royce & Associates LP now owns 23,411 shares of the company's stock worth $92,000 after buying an additional 8,713 shares during the period. Wells Fargo & Company MN lifted its position in shares of European Wax Center by 46.6% during the 4th quarter. Wells Fargo & Company MN now owns 15,836 shares of the company's stock worth $106,000 after buying an additional 5,033 shares during the period. Cornerstone Investment Partners LLC bought a new position in shares of European Wax Center during the 1st quarter worth approximately $163,000. Finally, Algert Global LLC lifted its position in shares of European Wax Center by 10.4% during the 1st quarter. Algert Global LLC now owns 51,470 shares of the company's stock worth $203,000 after buying an additional 4,850 shares during the period. 82.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EWCZ has been the subject of several analyst reports. Citigroup raised their target price on European Wax Center from $4.50 to $6.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Wall Street Zen cut European Wax Center from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Robert W. Baird set a $5.50 target price on European Wax Center in a research note on Thursday, August 14th. Telsey Advisory Group restated a "market perform" rating and issued a $5.00 price target on shares of European Wax Center in a research report on Wednesday, August 13th. Finally, Truist Financial raised their price target on European Wax Center from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. One 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's stock. Based on data from MarketBeat, European Wax Center presently has a consensus rating of "Hold" and an average price target of $6.93.

European Wax Center Stock Down 1.8%

Shares of European Wax Center stock traded down $0.08 during trading on Thursday, reaching $4.21. The stock had a trading volume of 228,319 shares, compared to its average volume of 638,041. The company has a current ratio of 3.38, a quick ratio of 2.76 and a debt-to-equity ratio of 3.53. The stock has a fifty day moving average price of $4.86 and a two-hundred day moving average price of $4.78. The company has a market capitalization of $232.64 million, a price-to-earnings ratio of 21.07, a P/E/G ratio of 0.39 and a beta of 1.48. European Wax Center, Inc. has a 52 week low of $2.72 and a 52 week high of $8.91.

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.