European Wax Center, Inc. (NASDAQ:EWCZ) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 42.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,559 shares of the company's stock after selling 68,146 shares during the quarter. Jane Street Group LLC owned about 0.16% of European Wax Center worth $624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CenterBook Partners LP increased its holdings in European Wax Center by 42.2% in the 4th quarter. CenterBook Partners LP now owns 1,717,249 shares of the company's stock worth $11,454,000 after buying an additional 509,991 shares during the period. Highland Peak Capital LLC acquired a new position in European Wax Center in the 4th quarter worth approximately $2,745,000. Kazazian Asset Management LLC acquired a new position in European Wax Center in the 4th quarter worth approximately $1,782,000. Marshall Wace LLP increased its holdings in European Wax Center by 65.1% in the 4th quarter. Marshall Wace LLP now owns 494,531 shares of the company's stock worth $3,299,000 after buying an additional 194,931 shares during the period. Finally, EntryPoint Capital LLC increased its holdings in European Wax Center by 247.9% in the 4th quarter. EntryPoint Capital LLC now owns 67,717 shares of the company's stock worth $452,000 after buying an additional 48,253 shares during the period. 82.14% of the stock is owned by hedge funds and other institutional investors.

European Wax Center Price Performance

European Wax Center stock traded down $0.05 during trading on Thursday, reaching $5.21. The company had a trading volume of 566,372 shares, compared to its average volume of 800,676. The firm's 50-day simple moving average is $3.93 and its 200 day simple moving average is $5.40. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17. The firm has a market capitalization of $287.62 million, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. European Wax Center, Inc. has a 1-year low of $2.72 and a 1-year high of $12.04.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.12. European Wax Center had a return on equity of 16.51% and a net margin of 4.96%. The company had revenue of $51.43 million for the quarter, compared to analyst estimates of $49.70 million. As a group, equities research analysts anticipate that European Wax Center, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EWCZ has been the topic of several research reports. Morgan Stanley cut their price target on shares of European Wax Center from $5.00 to $4.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th. Telsey Advisory Group reiterated a "market perform" rating and issued a $5.00 price target on shares of European Wax Center in a report on Thursday, May 15th. Jefferies Financial Group set a $15.00 price objective on shares of European Wax Center in a research note on Tuesday, March 11th. Truist Financial raised their price objective on shares of European Wax Center from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Robert W. Baird dropped their price objective on shares of European Wax Center from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, European Wax Center has a consensus rating of "Hold" and a consensus price target of $7.00.

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.