PharVision Advisers LLC Takes Position in European Wax Center, Inc. (NASDAQ:EWCZ)

PharVision Advisers LLC bought a new stake in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 60,390 shares of the company's stock, valued at approximately $403,000. PharVision Advisers LLC owned approximately 0.11% of European Wax Center as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of EWCZ. Highland Peak Capital LLC bought a new stake in shares of European Wax Center during the 4th quarter worth $2,745,000. Interval Partners LP bought a new position in shares of European Wax Center in the fourth quarter worth about $1,234,000. CenterBook Partners LP lifted its holdings in shares of European Wax Center by 42.2% in the fourth quarter. CenterBook Partners LP now owns 1,717,249 shares of the company's stock worth $11,454,000 after acquiring an additional 509,991 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of European Wax Center by 31.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 399,228 shares of the company's stock valued at $2,663,000 after purchasing an additional 96,626 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of European Wax Center by 102.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,321,817 shares of the company's stock valued at $8,817,000 after purchasing an additional 667,723 shares during the last quarter. Institutional investors own 82.14% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on EWCZ. Wall Street Zen raised shares of European Wax Center from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Jefferies Financial Group set a $15.00 price objective on European Wax Center in a report on Tuesday, March 11th. Truist Financial boosted their price objective 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. Citigroup increased their target price on European Wax Center from $4.50 to $6.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Finally, Robert W. Baird cut their price target on 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 analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $7.00.

European Wax Center Trading Down 2.5%

Shares of NASDAQ EWCZ traded down $0.13 during trading on Monday, reaching $5.15. The company had a trading volume of 440,414 shares, compared to its average volume of 802,867. The stock has a market cap of $284.31 million, a P/E ratio of 22.39, a PEG ratio of 1.72 and a beta of 1.17. The company's fifty day moving average price is $3.86 and its 200-day moving average price is $5.42. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81. European Wax Center, Inc. has a 12 month low of $2.72 and a 12 month high of $12.04.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.05 by $0.12. The business 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%. As a group, research analysts expect that European Wax Center, Inc. will post 0.26 earnings per share for the current year.

European Wax Center Company 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.