European Wax Center, Inc. (NASDAQ:EWCZ) Position Increased by Bamco Inc. NY

Bamco Inc. NY raised its holdings in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,265,000 shares of the company’s stock after acquiring an additional 265,000 shares during the period. Bamco Inc. NY owned approximately 5.37% of European Wax Center worth $42,380,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of European Wax Center by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,795,283 shares of the company’s stock valued at $29,084,000 after purchasing an additional 146,238 shares during the period. Champlain Investment Partners LLC boosted its position in shares of European Wax Center by 13.1% in the first quarter. Champlain Investment Partners LLC now owns 3,745,511 shares of the company’s stock worth $48,617,000 after buying an additional 435,270 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of European Wax Center by 34.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 82,017 shares of the company’s stock worth $1,115,000 after buying an additional 21,054 shares during the period. Federated Hermes Inc. boosted its position in European Wax Center by 13.3% during the fourth quarter. Federated Hermes Inc. now owns 1,360,000 shares of the company’s stock valued at $18,482,000 after purchasing an additional 160,000 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in European Wax Center during the fourth quarter valued at $166,000. Institutional investors own 82.14% of the company’s stock.

European Wax Center Trading Up 1.5 %

Shares of EWCZ traded up $0.13 during trading hours on Friday, reaching $8.83. The stock had a trading volume of 699,365 shares, compared to its average volume of 699,614. The company has a quick ratio of 2.31, a current ratio of 2.95 and a debt-to-equity ratio of 3.10. European Wax Center, Inc. has a 52 week low of $8.63 and a 52 week high of $20.00. The firm has a 50-day moving average of $10.41 and a 200 day moving average of $12.30. The company has a market cap of $537.13 million, a P/E ratio of 35.32, a P/E/G ratio of 1.77 and a beta of 1.18.

European Wax Center (NASDAQ:EWCZ) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. European Wax Center had a net margin of 5.50% and a return on equity of 11.01%. The business had revenue of $51.87 million during the quarter, compared to analysts’ expectations of $51.88 million. On average, sell-side analysts expect that European Wax Center, Inc. will post 0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EWCZ has been the subject of a number of analyst reports. Bank of America reduced their price target on European Wax Center from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Citigroup decreased their price objective on European Wax Center from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Piper Sandler reduced their target price on European Wax Center from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Truist Financial reduced their price objective on European Wax Center from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $16.00 price objective on shares of European Wax Center in a report on Thursday, May 30th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, European Wax Center currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

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.