European Wax Center, Inc. (NASDAQ:EWCZ) Shares Acquired by CenterBook Partners LP

CenterBook Partners LP grew its holdings in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 42.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,717,249 shares of the company's stock after acquiring an additional 509,991 shares during the period. European Wax Center comprises about 0.7% of CenterBook Partners LP's investment portfolio, making the stock its 28th biggest position. CenterBook Partners LP owned about 3.02% of European Wax Center worth $11,454,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. DRW Securities LLC bought a new position in European Wax Center during the fourth quarter valued at approximately $139,000. Renaissance Technologies LLC purchased a new position in European Wax Center during the fourth quarter worth $290,000. Aristides Capital LLC purchased a new stake in shares of European Wax Center in the fourth quarter valued at $226,000. Wells Fargo & Company MN lifted its holdings in shares of European Wax Center by 46.6% in the 4th quarter. Wells Fargo & Company MN now owns 15,836 shares of the company's stock worth $106,000 after acquiring an additional 5,033 shares during the last quarter. Finally, Landscape Capital Management L.L.C. boosted its stake in shares of European Wax Center by 10.6% during the 4th quarter. Landscape Capital Management L.L.C. now owns 200,155 shares of the company's stock worth $1,335,000 after purchasing an additional 19,108 shares during the period. Institutional investors own 82.14% of the company's stock.

European Wax Center Stock Up 0.3 %

Shares of European Wax Center stock traded up $0.01 on Monday, reaching $3.40. The stock had a trading volume of 126,320 shares, compared to its average volume of 756,697. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81. The stock has a market capitalization of $188.18 million, a P/E ratio of 14.78, a P/E/G ratio of 1.72 and a beta of 1.15. The company has a 50 day moving average price of $5.20 and a 200 day moving average price of $6.09. European Wax Center, Inc. has a 1 year low of $2.72 and a 1 year high of $12.11.

Analysts Set New Price Targets

Several brokerages have issued reports on EWCZ. Jefferies Financial Group set a $15.00 price objective on shares of European Wax Center in a research note on Tuesday, March 11th. Piper Sandler lowered European Wax Center from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $9.00 to $7.00 in a research note on Monday, January 6th. Robert W. Baird cut their price target on shares of European Wax Center from $7.00 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Truist Financial lowered 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, Morgan Stanley decreased their price target on shares of European Wax Center from $5.00 to $4.00 and set an "underweight" rating for the company in a research note on Wednesday, March 12th. One 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's stock. According to data from MarketBeat, European Wax Center currently has an average rating of "Hold" and an average 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.