181,047 Shares in European Wax Center, Inc. (NASDAQ:EWCZ) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 181,047 shares of the company's stock, valued at approximately $1,231,000. Landscape Capital Management L.L.C. owned 0.30% of European Wax Center at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in European Wax Center by 14.2% during the first quarter. Bessemer Group Inc. now owns 49,570 shares of the company's stock worth $643,000 after acquiring an additional 6,170 shares during the last quarter. Creative Planning increased its stake in European Wax Center by 72.6% during the third quarter. Creative Planning now owns 21,501 shares of the company's stock worth $146,000 after acquiring an additional 9,044 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in European Wax Center by 15.5% during the second quarter. Canada Pension Plan Investment Board now owns 84,200 shares of the company's stock worth $836,000 after acquiring an additional 11,300 shares during the last quarter. Victory Capital Management Inc. increased its stake in European Wax Center by 25.7% during the second quarter. Victory Capital Management Inc. now owns 57,000 shares of the company's stock worth $566,000 after acquiring an additional 11,650 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in European Wax Center during the second quarter worth about $127,000. 82.14% of the stock is currently owned by hedge funds and other institutional investors.

European Wax Center Price Performance

EWCZ remained flat at $5.89 on Friday. The company had a trading volume of 594,360 shares, compared to its average volume of 736,172. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.72 and a current ratio of 3.17. The firm has a 50-day moving average of $6.99 and a 200 day moving average of $8.44. European Wax Center, Inc. has a 1 year low of $4.80 and a 1 year high of $16.07. The firm has a market cap of $335.38 million, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.34 and a beta of 1.11.

Analysts Set New Price Targets

EWCZ has been the subject of a number of recent research reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $8.00 target price on shares of European Wax Center in a research note on Thursday, November 14th. Robert W. Baird lowered their target price on European Wax Center from $13.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, August 15th. Bank of America lowered their target price on European Wax Center from $16.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, August 21st. Citigroup lowered European Wax Center from a "buy" rating to a "neutral" rating and lowered their target price for the company from $16.00 to $5.50 in a research note on Thursday, August 15th. Finally, Truist Financial lowered their target price on European Wax Center from $16.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, European Wax Center presently has an average rating of "Hold" and an average price target of $7.64.

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.