European Wax Center, Inc. (NASDAQ:EWCZ) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP increased its position in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 61.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,200 shares of the company's stock after acquiring an additional 51,600 shares during the quarter. Two Sigma Advisers LP owned about 0.24% of European Wax Center worth $902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EWCZ. Two Sigma Securities LLC purchased a new stake in European Wax Center in the 4th quarter worth approximately $83,000. Price T Rowe Associates Inc. MD increased its holdings in European Wax Center by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock worth $84,000 after acquiring an additional 1,582 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in European Wax Center in the 4th quarter worth approximately $88,000. SG Americas Securities LLC increased its holdings in European Wax Center by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company's stock worth $103,000 after acquiring an additional 1,690 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in European Wax Center in the 4th quarter worth approximately $106,000. 82.14% of the stock is owned by hedge funds and other institutional investors.

European Wax Center Price Performance

Shares of NASDAQ EWCZ traded down $0.13 during midday trading on Thursday, reaching $5.57. 400,159 shares of the stock traded hands, compared to its average volume of 806,548. The stock has a market capitalization of $307.49 million, a PE ratio of 24.22, a P/E/G ratio of 1.72 and a beta of 1.48. The company's 50 day moving average is $4.08 and its 200 day moving average is $5.33. European Wax Center, Inc. has a one year low of $2.72 and a one year high of $12.04. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $49.70 million. On average, equities research analysts anticipate that European Wax Center, Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EWCZ. Morgan Stanley reduced 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. Wall Street Zen upgraded European Wax Center from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Truist Financial upped their price target on European Wax Center from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Jefferies Financial Group set a $15.00 price target on European Wax Center in a research note on Tuesday, March 11th. Finally, Citigroup upped their price target on European Wax Center from $4.50 to $6.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, European Wax Center has an average rating of "Hold" and an average price target of $7.00.

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.