Janney Montgomery Scott LLC Invests $333,000 in European Wax Center, Inc. (NASDAQ:EWCZ)

Janney Montgomery Scott LLC purchased a new stake in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 84,397 shares of the company's stock, valued at approximately $333,000. Janney Montgomery Scott LLC owned about 0.15% of European Wax Center at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new position in shares of European Wax Center during the fourth quarter worth about $83,000. Price T Rowe Associates Inc. MD lifted its stake in shares of European Wax Center by 14.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock valued at $84,000 after buying an additional 1,582 shares during the period. Oxford Asset Management LLP purchased a new position in shares of European Wax Center during the fourth quarter valued at approximately $88,000. Intech Investment Management LLC purchased a new position in shares of European Wax Center during the fourth quarter valued at approximately $106,000. Finally, Wells Fargo & Company MN increased its position in European Wax Center by 46.6% during the fourth quarter. Wells Fargo & Company MN now owns 15,836 shares of the company's stock worth $106,000 after purchasing an additional 5,033 shares during the last quarter. 82.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EWCZ shares. Jefferies Financial Group set a $15.00 price objective on shares of European Wax Center in a research report on Tuesday, March 11th. Robert W. Baird reduced 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. Morgan Stanley reduced 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 research report on Wednesday, March 12th. Wall Street Zen downgraded shares of European Wax Center from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $5.00 price objective on shares of European Wax Center in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.00.

European Wax Center Stock Performance

NASDAQ:EWCZ traded down $0.02 during trading hours on Tuesday, hitting $5.50. 417,105 shares of the company traded hands, compared to its average volume of 816,300. The stock has a market capitalization of $303.66 million, a price-to-earnings ratio of 27.50, a P/E/G ratio of 0.61 and a beta of 1.50. The company has a current ratio of 2.71, a quick ratio of 2.18 and a debt-to-equity ratio of 3.79. The firm has a 50-day moving average of $5.16 and a 200 day moving average of $5.29. European Wax Center, Inc. has a twelve month low of $2.72 and a twelve month high of $10.39.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.12. The business had revenue of $51.43 million for the quarter, compared to analyst estimates of $49.70 million. European Wax Center had a net margin of 4.38% and a return on equity of 23.65%. On average, analysts forecast that European Wax Center, Inc. will post 0.26 EPS for the current 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.