Landscape Capital Management L.L.C. Acquires 19,108 Shares of European Wax Center, Inc. (NASDAQ:EWCZ)

Landscape Capital Management L.L.C. raised its holdings in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,155 shares of the company’s stock after purchasing an additional 19,108 shares during the period. Landscape Capital Management L.L.C. owned 0.35% of European Wax Center worth $1,335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SG Americas Securities LLC increased its stake in shares of European Wax Center by 12.3% during the fourth quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock valued at $103,000 after buying an additional 1,690 shares during the period. ExodusPoint Capital Management LP increased its position in European Wax Center by 7.5% during the 4th quarter. ExodusPoint Capital Management LP now owns 34,871 shares of the company’s stock valued at $233,000 after purchasing an additional 2,429 shares during the period. American Century Companies Inc. raised its holdings in European Wax Center by 7.6% in the 4th quarter. American Century Companies Inc. now owns 50,616 shares of the company’s stock worth $338,000 after purchasing an additional 3,584 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of European Wax Center by 52.3% in the 3rd quarter. Quantbot Technologies LP now owns 22,454 shares of the company’s stock worth $153,000 after purchasing an additional 7,709 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of European Wax Center by 37.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,204 shares of the company’s stock valued at $348,000 after purchasing an additional 14,086 shares in the last quarter. Hedge funds and other institutional investors own 82.14% of the company’s stock.

European Wax Center Trading Up 2.6 %

NASDAQ:EWCZ opened at $3.56 on Friday. European Wax Center, Inc. has a 52 week low of $2.72 and a 52 week high of $12.89. The stock has a market cap of $197.03 million, a price-to-earnings ratio of 15.48, a PEG ratio of 1.72 and a beta of 0.95. The company’s 50 day moving average price is $5.66 and its 200-day moving average price is $6.26. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EWCZ shares. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price target on shares of European Wax Center in a research note on Tuesday, March 11th. Piper Sandler lowered European Wax Center from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $9.00 to $7.00 in a research report on Monday, January 6th. Jefferies Financial Group set a $15.00 price target on European Wax Center in a research report on Tuesday, March 11th. Robert W. Baird dropped their target price on shares of European Wax Center from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Morgan Stanley decreased their price target on shares of 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, European Wax Center presently has a consensus rating of “Hold” and a consensus target price of $7.31.

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.