Interval Partners LP Buys New Stake in European Wax Center, Inc. (NASDAQ:EWCZ)

Interval Partners LP acquired a new stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 185,000 shares of the company's stock, valued at approximately $1,234,000. Interval Partners LP owned 0.32% of European Wax Center at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EWCZ. Two Sigma Securities LLC purchased a new position in European Wax Center in the 4th quarter worth about $83,000. Price T Rowe Associates Inc. MD grew its holdings in European Wax Center by 14.6% during 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 position in European Wax Center during the 4th quarter valued at about $88,000. SG Americas Securities LLC lifted its position in shares of 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 purchasing an additional 1,690 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of European Wax Center in the 4th quarter worth approximately $106,000. 82.14% of the stock is currently owned by institutional investors.

European Wax Center Stock Performance

NASDAQ EWCZ traded down $0.10 on Friday, hitting $5.40. 848,836 shares of the company's stock traded hands, compared to its average volume of 794,802. The firm's 50-day moving average price is $3.73 and its two-hundred day moving average price is $5.53. The firm has a market capitalization of $298.87 million, a PE ratio of 23.48, 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 1-year low of $2.72 and a 1-year high of $12.04.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.12. The company had revenue of $51.43 million during the quarter, compared to the consensus estimate of $49.70 million. European Wax Center had a net margin of 4.96% and a return on equity of 16.51%. As a group, analysts expect that European Wax Center, Inc. will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EWCZ. Robert W. Baird dropped their price objective 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. Jefferies Financial Group set a $15.00 price objective on European Wax Center in a report on Tuesday, March 11th. Truist Financial raised 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. Morgan Stanley decreased their price objective on shares of European Wax Center from $5.00 to $4.00 and set an "underweight" rating for the company in a research report on Wednesday, March 12th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $5.00 target price on shares of European Wax Center in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $6.94.

European Wax Center 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.