Two Sigma Investments LP Raises Stock Position in European Wax Center, Inc. (NASDAQ:EWCZ)

Two Sigma Investments LP boosted its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 32.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 416,361 shares of the company's stock after purchasing an additional 103,042 shares during the period. Two Sigma Investments LP owned about 0.73% of European Wax Center worth $2,777,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Ararat Capital Management LP lifted its position in shares of European Wax Center by 8.1% during the 4th quarter. Ararat Capital Management LP now owns 2,418,693 shares of the company's stock valued at $16,133,000 after buying an additional 181,449 shares in the last quarter. CenterBook Partners LP lifted its stake in shares of European Wax Center by 42.2% during the 4th quarter. CenterBook Partners LP now owns 1,717,249 shares of the company's stock valued at $11,454,000 after buying an additional 509,991 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake 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 buying an additional 667,723 shares in the last quarter. Bank of America Corp DE increased its stake in European Wax Center by 53.9% in the 4th quarter. Bank of America Corp DE now owns 591,788 shares of the company's stock worth $3,947,000 after buying an additional 207,377 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake 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 purchasing an additional 194,931 shares in the last quarter. Institutional investors own 82.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Jefferies Financial Group set a $15.00 target price on European Wax Center in a research report on Tuesday, March 11th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $5.00 price objective on shares of European Wax Center in a 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. Robert W. Baird cut 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. Finally, Wall Street Zen raised shares of European Wax Center from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.00.

European Wax Center Trading Up 0.4%

NASDAQ EWCZ traded up $0.03 during trading on Wednesday, hitting $5.71. The stock had a trading volume of 131,849 shares, compared to its average volume of 802,947. 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 stock has a 50 day simple moving average of $4.02 and a 200 day simple moving average of $5.32. European Wax Center, Inc. has a one year low of $2.72 and a one year high of $12.04. The stock has a market capitalization of $314.94 million, a price-to-earnings ratio of 24.80, a P/E/G ratio of 1.72 and a beta of 1.17.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.12. European Wax Center had a net margin of 4.96% and a return on equity of 16.51%. The business had revenue of $51.43 million for the quarter, compared to analyst estimates of $49.70 million. Sell-side analysts predict 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.