Diversified Trust Co Buys 9,175 Shares of European Wax Center, Inc. (NASDAQ:EWCZ)

Diversified Trust Co grew its position in European Wax Center, Inc. (NASDAQ:EWCZ) by 41.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 31,540 shares of the company’s stock after buying an additional 9,175 shares during the period. Diversified Trust Co’s holdings in European Wax Center were worth $409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EWCZ. SG Americas Securities LLC bought a new stake in European Wax Center in the fourth quarter valued at about $129,000. Quest Partners LLC bought a new stake in shares of European Wax Center in the 4th quarter valued at about $166,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of European Wax Center by 26.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 60,963 shares of the company’s stock valued at $988,000 after acquiring an additional 12,620 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of European Wax Center in the 3rd quarter valued at approximately $340,000. Finally, TimesSquare Capital Management LLC grew its holdings in European Wax Center by 1.9% during the third quarter. TimesSquare Capital Management LLC now owns 1,517,950 shares of the company’s stock valued at $24,591,000 after purchasing an additional 28,425 shares during the period. Institutional investors own 82.14% of the company’s stock.

European Wax Center Stock Down 0.4 %

Shares of European Wax Center stock opened at $9.97 on Friday. The firm has a market cap of $606.48 million, a PE ratio of 39.88, a P/E/G ratio of 1.99 and a beta of 1.18. The business’s 50 day simple moving average is $11.03 and its 200 day simple moving average is $12.84. The company has a debt-to-equity ratio of 3.10, a quick ratio of 2.31 and a current ratio of 2.95. European Wax Center, Inc. has a 52-week low of $9.44 and a 52-week high of $20.00.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on EWCZ shares. Citigroup cut their target price on shares of European Wax Center from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. Truist Financial reduced their target price 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. Telsey Advisory Group restated an “outperform” rating and issued a $16.00 price target on shares of European Wax Center in a report on Thursday, May 30th. Finally, Bank of America dropped their price target on European Wax Center from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.33.

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.