European Wax Center, Inc. (NASDAQ:EWCZ) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC increased its stake in European Wax Center, Inc. (NASDAQ:EWCZ) by 247.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,717 shares of the company’s stock after acquiring an additional 48,253 shares during the quarter. EntryPoint Capital LLC owned approximately 0.12% of European Wax Center worth $452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EWCZ. American Century Companies Inc. lifted its position in shares of European Wax Center by 7.6% in the 4th quarter. American Century Companies Inc. now owns 50,616 shares of the company’s stock valued at $338,000 after acquiring an additional 3,584 shares in the last quarter. Kazazian Asset Management LLC purchased a new stake in European Wax Center in the 4th quarter worth about $1,782,000. Intech Investment Management LLC acquired a new stake in European Wax Center during the 4th quarter worth about $106,000. Highland Peak Capital LLC purchased a new position in European Wax Center during the 4th quarter valued at about $2,745,000. Finally, Victory Capital Management Inc. increased its holdings in shares of European Wax Center by 41.3% in the 4th quarter. Victory Capital Management Inc. now owns 143,607 shares of the company’s stock valued at $958,000 after purchasing an additional 41,954 shares during the period. 82.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EWCZ has been the subject of several research reports. Piper Sandler cut 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 report on Monday, January 6th. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price target on shares of European Wax Center in a report on Tuesday, March 11th. Jefferies Financial Group set a $15.00 price target on shares of European Wax Center in a research note on Tuesday, March 11th. Robert W. Baird lowered their target price on European Wax Center from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Finally, Morgan Stanley cut their price target on 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 given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.31.

European Wax Center Price Performance

Shares of NASDAQ:EWCZ opened at $4.12 on Wednesday. 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 stock has a market capitalization of $234.61 million, a P/E ratio of 17.91, a P/E/G ratio of 1.72 and a beta of 0.95. The business has a 50-day moving average of $6.08 and a two-hundred day moving average of $6.42. European Wax Center, Inc. has a fifty-two week low of $2.72 and a fifty-two week high of $13.15.

European Wax Center 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.