European Wax Center, Inc. (NASDAQ:EWCZ) Shares Acquired by Woodline Partners LP

Woodline Partners LP raised its position in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 92.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 643,755 shares of the company's stock after acquiring an additional 309,673 shares during the period. Woodline Partners LP owned approximately 1.13% of European Wax Center worth $4,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ararat Capital Management LP raised its holdings in shares of European Wax Center by 8.1% in the fourth quarter. Ararat Capital Management LP now owns 2,418,693 shares of the company's stock worth $16,133,000 after buying an additional 181,449 shares during the last quarter. CenterBook Partners LP grew its position 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 valued at $11,454,000 after purchasing an additional 509,991 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of 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 valued at $8,817,000 after purchasing an additional 667,723 shares during the period. Bank of America Corp DE grew its position in shares of European Wax Center by 53.9% in the fourth quarter. Bank of America Corp DE now owns 591,788 shares of the company's stock valued at $3,947,000 after purchasing an additional 207,377 shares during the period. Finally, Marshall Wace LLP boosted its position in European Wax Center by 65.1% during the fourth quarter. Marshall Wace LLP now owns 494,531 shares of the company's stock worth $3,299,000 after acquiring an additional 194,931 shares during the last quarter. Hedge funds and other institutional investors own 82.14% of the company's stock.

European Wax Center Stock Down 1.1%

EWCZ traded down $0.06 during trading hours on Thursday, hitting $5.20. 143,655 shares of the company's stock were exchanged, compared to its average volume of 799,039. European Wax Center, Inc. has a 12-month low of $2.72 and a 12-month high of $12.04. The firm has a 50 day moving average of $3.93 and a 200 day moving average of $5.40. The firm has a market cap of $287.07 million, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The company has a current ratio of 3.17, a quick ratio of 2.42 and a debt-to-equity ratio of 3.81.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last announced 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. European Wax Center had a net margin of 4.96% and a return on equity of 16.51%. The firm had revenue of $51.43 million for the quarter, compared to the consensus estimate of $49.70 million. Analysts predict that European Wax Center, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on EWCZ. Wall Street Zen upgraded shares of European Wax Center from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Truist Financial boosted 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. Telsey Advisory Group reiterated a "market perform" rating and issued a $5.00 target price on shares of European Wax Center in a report on Thursday, May 15th. Citigroup boosted 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. Finally, Robert W. Baird decreased their target price on shares of European Wax Center from $7.00 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, European Wax Center has a consensus 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.