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

Marshall Wace LLP lifted its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 65.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 494,531 shares of the company's stock after acquiring an additional 194,931 shares during the quarter. Marshall Wace LLP owned about 0.87% of European Wax Center worth $3,299,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Highland Peak Capital LLC acquired a new position in shares of European Wax Center during the fourth quarter valued at approximately $2,745,000. Barclays PLC grew its position in European Wax Center by 365.7% in the third quarter. Barclays PLC now owns 56,510 shares of the company's stock worth $385,000 after buying an additional 44,376 shares during the last quarter. Kanen Wealth Management LLC acquired a new position in European Wax Center in the fourth quarter worth approximately $637,000. CenterBook Partners LP grew its position in European Wax Center by 42.2% in the fourth quarter. CenterBook Partners LP now owns 1,717,249 shares of the company's stock worth $11,454,000 after buying an additional 509,991 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in European Wax Center by 3.9% in the third quarter. Geode Capital Management LLC now owns 820,728 shares of the company's stock worth $5,582,000 after buying an additional 30,804 shares during the last quarter. Institutional investors and hedge funds own 82.14% of the company's stock.

European Wax Center Trading Down 3.1 %

European Wax Center stock traded down $0.10 during midday trading on Tuesday, reaching $3.12. The stock had a trading volume of 799,917 shares, compared to its average volume of 773,504. The firm's fifty day simple moving average is $4.37 and its two-hundred day simple moving average is $5.81. European Wax Center, Inc. has a twelve month low of $2.72 and a twelve month 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 has a market cap of $172.68 million, a price-to-earnings ratio of 13.57, a PEG ratio of 1.72 and a beta of 1.15.

Wall Street Analysts Forecast Growth

EWCZ has been the topic of several recent research reports. Telsey Advisory Group restated a "market perform" rating and issued a $6.00 price target on shares of European Wax Center in a research report on Tuesday, March 11th. Robert W. Baird decreased 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 research report on Wednesday, March 12th. Piper Sandler lowered shares of European Wax Center from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $9.00 to $7.00 in a research report on Monday, January 6th. Jefferies Financial Group set a $15.00 price target on shares of European Wax Center in a research report on Tuesday, March 11th. Finally, Truist Financial decreased their price target on shares of European Wax Center from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, European Wax Center presently has an average rating of "Hold" and an average target price of $6.94.

About European Wax Center

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.