Dimensional Fund Advisors LP Has $5.72 Million Stake in European Wax Center, Inc. (NASDAQ:EWCZ)

Dimensional Fund Advisors LP decreased its position in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 19.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 576,275 shares of the company's stock after selling 140,430 shares during the quarter. Dimensional Fund Advisors LP owned about 0.95% of European Wax Center worth $5,722,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EWCZ. Massachusetts Financial Services Co. MA boosted its position in shares of European Wax Center by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,178,657 shares of the company's stock worth $31,564,000 after purchasing an additional 81,704 shares in the last quarter. Victory Capital Management Inc. grew its stake in European Wax Center by 25.7% in the second quarter. Victory Capital Management Inc. now owns 57,000 shares of the company's stock valued at $566,000 after acquiring an additional 11,650 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in European Wax Center by 508.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,118 shares of the company's stock valued at $369,000 after acquiring an additional 31,022 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of European Wax Center by 16.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 95,514 shares of the company's stock worth $1,240,000 after acquiring an additional 13,497 shares in the last quarter. Finally, Bamco Inc. NY raised its position in shares of European Wax Center by 8.8% during the first quarter. Bamco Inc. NY now owns 3,265,000 shares of the company's stock worth $42,380,000 after purchasing an additional 265,000 shares during the period. Institutional investors and hedge funds own 82.14% of the company's stock.

European Wax Center Stock Up 0.1 %

NASDAQ:EWCZ traded up $0.01 on Wednesday, hitting $6.88. 277,069 shares of the company's stock were exchanged, compared to its average volume of 696,038. The company has a market cap of $418.51 million, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. The firm has a 50-day moving average price of $6.88 and a 200-day moving average price of $9.53. The company has a debt-to-equity ratio of 3.18, a current ratio of 3.49 and a quick ratio of 2.72. European Wax Center, Inc. has a 52 week low of $4.80 and a 52 week high of $16.76.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $59.87 million for the quarter, compared to analyst estimates of $61.27 million. European Wax Center had a return on equity of 13.84% and a net margin of 5.61%. As a group, analysts expect that European Wax Center, Inc. will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on EWCZ. Morgan Stanley decreased their price objective on European Wax Center from $14.00 to $5.00 and set an "equal weight" rating for the company in a research report on Thursday, August 15th. Robert W. Baird lowered their price objective on shares of European Wax Center from $13.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, August 15th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $8.00 price objective on shares of European Wax Center in a research report on Friday, September 20th. 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 report on Wednesday, August 21st. Finally, Citigroup lowered European Wax Center from a "buy" rating to a "neutral" rating and cut their price target for the company from $16.00 to $5.50 in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, European Wax Center presently has an average rating of "Moderate Buy" and a consensus target price of $7.64.

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.