Jane Street Group LLC Sells 68,146 Shares of European Wax Center, Inc. (NASDAQ:EWCZ)

Jane Street Group LLC cut its holdings in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,559 shares of the company's stock after selling 68,146 shares during the quarter. Jane Street Group LLC owned approximately 0.16% of European Wax Center worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of European Wax Center by 3.4% during the 4th quarter. Northern Trust Corp now owns 297,447 shares of the company's stock worth $1,984,000 after buying an additional 9,866 shares during the period. Quarry LP lifted its stake in European Wax Center by 1,996.1% in the 4th quarter. Quarry LP now owns 16,098 shares of the company's stock valued at $107,000 after acquiring an additional 15,330 shares in the last quarter. Oxford Asset Management LLP bought a new stake in shares of European Wax Center during the 4th quarter worth approximately $88,000. Gilder Gagnon Howe & Co. LLC raised its stake in shares of European Wax Center by 4.4% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 283,351 shares of the company's stock worth $1,890,000 after purchasing an additional 12,034 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of European Wax Center during the 4th quarter worth approximately $83,000. 82.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EWCZ has been the topic of a number of recent analyst reports. 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. Truist Financial raised their price objective on European Wax Center from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Jefferies Financial Group set a $15.00 target price on European Wax Center in a research report on Tuesday, March 11th. Telsey Advisory Group restated a "market perform" rating and set a $5.00 price objective on shares of European Wax Center in a research report on Thursday, May 15th. Finally, Wall Street Zen raised European Wax Center from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, European Wax Center presently has a consensus rating of "Hold" and an average price target of $7.00.

European Wax Center Stock Down 2.9%

European Wax Center stock traded down $0.15 during mid-day trading on Friday, reaching $5.06. The stock had a trading volume of 305,372 shares, compared to its average volume of 803,014. The firm has a market capitalization of $279.34 million, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17. European Wax Center, Inc. has a fifty-two week low of $2.72 and a fifty-two week high of $12.04. The stock's 50-day simple moving average is $3.97 and its 200-day simple moving average is $5.33.

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, beating 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 return on equity of 16.51% and a net margin of 4.96%. On average, sell-side analysts forecast that European Wax Center, Inc. will post 0.26 EPS for the current fiscal year.

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.