9,493 Shares in European Wax Center, Inc. (NASDAQ:EWCZ) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in European Wax Center, Inc. (NASDAQ:EWCZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,493 shares of the company’s stock, valued at approximately $129,000.

A number of other hedge funds also recently added to or reduced their stakes in EWCZ. Swiss National Bank raised its holdings in European Wax Center by 15.2% in the 1st quarter. Swiss National Bank now owns 31,900 shares of the company’s stock worth $943,000 after acquiring an additional 4,200 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in European Wax Center by 18.1% in the 1st quarter. JPMorgan Chase & Co. now owns 10,200 shares of the company’s stock worth $270,000 after acquiring an additional 1,561 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in European Wax Center by 43.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,082,307 shares of the company’s stock worth $31,992,000 after acquiring an additional 329,614 shares during the last quarter. MetLife Investment Management LLC raised its stake in European Wax Center by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 6,867 shares of the company’s stock valued at $203,000 after buying an additional 2,493 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in European Wax Center by 50.4% during the 1st quarter. Rhumbline Advisers now owns 14,584 shares of the company’s stock valued at $431,000 after buying an additional 4,885 shares during the last quarter. 82.14% of the stock is currently owned by hedge funds and other institutional investors.

European Wax Center Price Performance

Shares of European Wax Center stock opened at $10.86 on Thursday. The stock has a market cap of $659.98 million, a P/E ratio of 63.88, a P/E/G ratio of 1.90 and a beta of 1.25. The company has a debt-to-equity ratio of 3.19, a quick ratio of 1.98 and a current ratio of 2.52. The stock’s fifty day moving average is $13.43 and its 200 day moving average is $14.18. European Wax Center, Inc. has a one year low of $10.82 and a one year high of $20.19.

European Wax Center (NASDAQ:EWCZ) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. European Wax Center had a return on equity of 6.69% and a net margin of 4.04%. The business had revenue of $56.33 million during the quarter, compared to analysts’ expectations of $53.98 million. Sell-side analysts anticipate that European Wax Center, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 target price on shares of European Wax Center in a research note on Wednesday, March 6th. Piper Sandler increased their price objective on shares of European Wax Center from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, January 11th.

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.