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

Woodline Partners LP raised its position in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 92.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 643,755 shares of the company's stock after purchasing an additional 309,673 shares during the quarter. Woodline Partners LP owned 1.13% of European Wax Center worth $4,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EWCZ. Two Sigma Advisers LP boosted its position in shares of European Wax Center by 61.7% during the fourth quarter. Two Sigma Advisers LP now owns 135,200 shares of the company's stock worth $902,000 after buying an additional 51,600 shares during the period. Two Sigma Investments LP raised its stake in European Wax Center by 32.9% in the fourth quarter. Two Sigma Investments LP now owns 416,361 shares of the company's stock valued at $2,777,000 after buying an additional 103,042 shares in the last quarter. State of Wyoming raised its stake in European Wax Center by 135.9% in the fourth quarter. State of Wyoming now owns 52,700 shares of the company's stock valued at $352,000 after buying an additional 30,361 shares in the last quarter. Point72 Asset Management L.P. raised its stake in European Wax Center by 121.8% in the fourth quarter. Point72 Asset Management L.P. now owns 83,900 shares of the company's stock valued at $560,000 after buying an additional 46,067 shares in the last quarter. Finally, Marathon Partners Equity Management LLC acquired a new stake in European Wax Center in the fourth quarter valued at $1,834,000. Hedge funds and other institutional investors own 82.14% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Telsey Advisory Group reissued a "market perform" rating and issued a $5.00 target price on shares of European Wax Center in a report on Thursday, May 15th. Wall Street Zen upgraded European Wax Center from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Jefferies Financial Group set a $15.00 price target on European Wax Center in a research report on Tuesday, March 11th. Truist Financial boosted their price target on European Wax Center from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Robert W. Baird dropped their price target on European Wax Center from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $7.00.

European Wax Center Price Performance

Shares of NASDAQ:EWCZ traded up $0.29 during trading on Tuesday, hitting $5.44. 755,386 shares of the stock were exchanged, compared to its average volume of 802,677. The company has a fifty day moving average price of $3.87 and a two-hundred day moving average price of $5.40. The company has a market cap of $300.32 million, a PE ratio of 23.65, a P/E/G 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, 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 issued its quarterly earnings results 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. The company had revenue of $51.43 million for the quarter, compared to analyst estimates of $49.70 million. European Wax Center had a return on equity of 16.51% and a net margin of 4.96%. On average, analysts forecast that European Wax Center, Inc. will post 0.26 EPS 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.