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

Janney Montgomery Scott LLC acquired a new position in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 84,397 shares of the company's stock, valued at approximately $333,000. Janney Montgomery Scott LLC owned 0.15% of European Wax Center at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EWCZ. D. E. Shaw & Co. Inc. lifted its holdings in European Wax Center by 102.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,321,817 shares of the company's stock worth $8,817,000 after buying an additional 667,723 shares during the period. CenterBook Partners LP lifted its holdings in shares of European Wax Center by 42.2% during the fourth quarter. CenterBook Partners LP now owns 1,717,249 shares of the company's stock valued at $11,454,000 after purchasing an additional 509,991 shares during the last quarter. Highland Peak Capital LLC purchased a new position in shares of European Wax Center during the fourth quarter valued at approximately $2,745,000. Woodline Partners LP lifted its holdings in shares of European Wax Center by 92.7% during the fourth quarter. Woodline Partners LP now owns 643,755 shares of the company's stock valued at $4,294,000 after purchasing an additional 309,673 shares during the last quarter. Finally, Marathon Partners Equity Management LLC purchased a new position in shares of European Wax Center during the fourth quarter valued at approximately $1,834,000. 82.14% of the stock is currently owned by hedge funds and other institutional investors.

European Wax Center Stock Up 1.6%

NASDAQ EWCZ traded up $0.09 during mid-day trading on Friday, reaching $5.81. The stock had a trading volume of 572,109 shares, compared to its average volume of 815,578. European Wax Center, Inc. has a 1 year low of $2.72 and a 1 year high of $10.39. The stock has a market cap of $320.77 million, a PE ratio of 29.05, a price-to-earnings-growth ratio of 0.64 and a beta of 1.50. The company has a fifty day moving average price of $5.06 and a 200 day moving average price of $5.29. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.71 and a quick ratio of 2.18.

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, topping analysts' consensus estimates of $0.05 by $0.12. European Wax Center had a net margin of 4.38% and a return on equity of 23.65%. The company had revenue of $51.43 million during the quarter, compared to analyst estimates of $49.70 million. On average, research analysts expect that European Wax Center, Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Robert W. Baird lowered their target price on shares of European Wax Center from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Morgan Stanley lowered their target price on shares of European Wax Center from $5.00 to $4.00 and set an "underweight" rating for the company in a report on Wednesday, March 12th. Jefferies Financial Group set a $15.00 target price on shares of European Wax Center in a report on Tuesday, March 11th. Truist Financial lifted their target price on shares of European Wax Center from $5.00 to $6.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Citigroup lifted their target price on shares of European Wax Center from $4.50 to $6.00 and gave the company a "neutral" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, European Wax Center currently has a consensus rating of "Hold" and a consensus target price of $7.00.

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.