Vanguard Group Inc. Buys 146,238 Shares of European Wax Center, Inc. (NASDAQ:EWCZ)

Vanguard Group Inc. grew its stake in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 8.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,795,283 shares of the company's stock after purchasing an additional 146,238 shares during the period. Vanguard Group Inc. owned about 2.88% of European Wax Center worth $29,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in European Wax Center by 29.4% in the 2nd quarter. Royal Bank of Canada now owns 3,710 shares of the company's stock valued at $69,000 after buying an additional 842 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in European Wax Center by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,220 shares of the company's stock valued at $812,000 after buying an additional 847 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in European Wax Center by 43.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,926 shares of the company's stock worth $54,000 after purchasing an additional 889 shares during the last quarter. California State Teachers Retirement System raised its holdings in European Wax Center by 3.5% during the 3rd quarter. California State Teachers Retirement System now owns 31,684 shares of the company's stock worth $585,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in shares of European Wax Center by 77.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,820 shares of the company's stock worth $53,000 after purchasing an additional 1,234 shares during the period. Institutional investors own 82.14% of the company's stock.

Analyst Upgrades and Downgrades

EWCZ has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of European Wax Center from $18.00 to $20.00 and gave the stock an "overweight" rating in a research report on Thursday, January 11th. Telsey Advisory Group restated an "outperform" rating and issued a $18.00 price target on shares of European Wax Center in a research report on Wednesday, March 6th.

European Wax Center Stock Down 3.8 %

EWCZ stock traded down $0.45 during midday trading on Friday, reaching $11.54. 388,649 shares of the company's stock traded hands, compared to its average volume of 550,768. The company has a market cap of $701.29 million, a price-to-earnings ratio of 67.88, a P/E/G ratio of 1.97 and a beta of 1.25. The firm's fifty day moving average price is $13.65 and its 200-day moving average price is $14.30. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 3.19. European Wax Center, Inc. has a 52 week low of $11.37 and a 52 week high of $20.19.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The business had revenue of $56.33 million during the quarter, compared to analyst estimates of $53.98 million. European Wax Center had a net margin of 4.04% and a return on equity of 6.69%. As a group, sell-side analysts forecast that European Wax Center, Inc. will post 0.31 earnings per share for the current fiscal year.

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.