European Wax Center, Inc. (NASDAQ:EWCZ) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC reduced its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,186,965 shares of the company's stock after selling 330,985 shares during the quarter. TimesSquare Capital Management LLC owned 1.90% of European Wax Center worth $16,131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversified Trust Co raised its position in European Wax Center by 4.5% in the 4th quarter. Diversified Trust Co now owns 22,365 shares of the company's stock valued at $304,000 after purchasing an additional 970 shares during the last quarter. Swiss National Bank raised its position in European Wax Center by 2.4% in the 3rd quarter. Swiss National Bank now owns 77,600 shares of the company's stock valued at $1,257,000 after purchasing an additional 1,800 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of European Wax Center in the 3rd quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of European Wax Center by 38.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,368 shares of the company's stock valued at $281,000 after buying an additional 4,804 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of European Wax Center during the fourth quarter worth $129,000. 82.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Telsey Advisory Group restated an "outperform" rating and issued a $18.00 price target on shares of European Wax Center in a report on Wednesday, March 6th. Piper Sandler boosted their price target on European Wax Center from $18.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, January 11th.

European Wax Center Stock Performance

Shares of European Wax Center stock traded down $0.54 on Friday, hitting $11.07. The stock had a trading volume of 562,412 shares, compared to its average volume of 506,622. European Wax Center, Inc. has a twelve month low of $10.82 and a twelve month high of $20.00. The business's 50 day moving average is $12.41 and its two-hundred day moving average is $13.75. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 3.19. The stock has a market cap of $672.72 million, a price-to-earnings ratio of 65.12, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The firm had revenue of $56.33 million during the quarter, compared to the consensus estimate of $53.98 million. European Wax Center had a return on equity of 6.69% and a net margin of 4.04%. Analysts forecast that European Wax Center, Inc. will post 0.3 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.