Aigen Investment Management LP Invests $114,000 in European Wax Center, Inc. (NASDAQ:EWCZ)

Aigen Investment Management LP purchased a new position in shares of European Wax Center, Inc. (NASDAQ:EWCZ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,700 shares of the company’s stock, valued at approximately $114,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EWCZ. SG Americas Securities LLC bought a new stake in shares of European Wax Center during the third quarter worth about $93,000. Dark Forest Capital Management LP bought a new stake in shares of European Wax Center during the second quarter worth about $127,000. Algert Global LLC bought a new stake in European Wax Center in the second quarter valued at approximately $135,000. Creative Planning boosted its holdings in European Wax Center by 72.6% in the third quarter. Creative Planning now owns 21,501 shares of the company’s stock valued at $146,000 after acquiring an additional 9,044 shares during the last quarter. Finally, Olympiad Research LP bought a new stake in European Wax Center in the third quarter valued at approximately $157,000. 82.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bank of America reduced their target price on European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $8.00 target price on shares of European Wax Center in a report on Thursday. Truist Financial reduced their target price on European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Citigroup cut European Wax Center from a “buy” rating to a “neutral” rating and reduced their target price for the company from $16.00 to $5.50 in a report on Thursday, August 15th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $5.00 target price on shares of European Wax Center in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, European Wax Center has a consensus rating of “Hold” and an average target price of $7.64.

European Wax Center Price Performance

European Wax Center stock opened at $5.89 on Monday. The stock has a market capitalization of $353.28 million, a price-to-earnings ratio of 25.61, a PEG ratio of 2.00 and a beta of 1.11. European Wax Center, Inc. has a 52-week low of $4.80 and a 52-week high of $16.07. The stock’s 50 day moving average price is $7.09 and its two-hundred day moving average price is $8.60. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.72 and a current ratio of 3.49.

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.