Marshall Wace LLP Has $3.30 Million Holdings in European Wax Center, Inc. (NASDAQ:EWCZ)

Marshall Wace LLP increased its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 65.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 494,531 shares of the company's stock after purchasing an additional 194,931 shares during the quarter. Marshall Wace LLP owned approximately 0.87% of European Wax Center worth $3,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its position in European Wax Center by 2.7% during the fourth quarter. Barclays PLC now owns 58,064 shares of the company's stock worth $388,000 after purchasing an additional 1,554 shares during the last quarter. SG Americas Securities LLC increased its position in shares of European Wax Center by 12.3% during the fourth 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 during the last quarter. ExodusPoint Capital Management LP raised its position in shares of European Wax Center by 7.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 34,871 shares of the company's stock valued at $233,000 after purchasing an additional 2,429 shares in the last quarter. American Century Companies Inc. boosted its stake in European Wax Center by 7.6% during the 4th quarter. American Century Companies Inc. now owns 50,616 shares of the company's stock valued at $338,000 after acquiring an additional 3,584 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of European Wax Center by 46.6% during the fourth quarter. Wells Fargo & Company MN now owns 15,836 shares of the company's stock worth $106,000 after purchasing an additional 5,033 shares during the last quarter. 82.14% of the stock is owned by hedge funds and other institutional investors.

European Wax Center Stock Performance

NASDAQ:EWCZ traded down $0.01 during midday trading on Thursday, reaching $3.11. The stock had a trading volume of 133,768 shares, compared to its average volume of 773,773. The stock has a market capitalization of $172.18 million, a P/E ratio of 13.67, a PEG ratio of 1.72 and a beta of 1.15. European Wax Center, Inc. has a 1-year low of $2.72 and a 1-year high of $12.11. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. The firm's fifty day simple moving average is $4.23 and its 200-day simple moving average is $5.77.

Analyst Upgrades and Downgrades

EWCZ has been the subject of a number of research reports. 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 report on Wednesday, March 12th. Robert W. Baird decreased their price target on European Wax Center from $7.00 to $5.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Piper Sandler cut European Wax Center from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $9.00 to $7.00 in a report on Monday, January 6th. Truist Financial reduced their price objective on shares of European Wax Center from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group set a $15.00 target price on shares of European Wax Center in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.94.

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.