Graham Capital Management L.P. Lowers Position in European Wax Center, Inc. (NASDAQ:EWCZ)

Graham Capital Management L.P. reduced its stake in European Wax Center, Inc. (NASDAQ:EWCZ) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,456 shares of the company’s stock after selling 2,386 shares during the period. Graham Capital Management L.P. owned approximately 0.06% of European Wax Center worth $216,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new stake in shares of European Wax Center in the 4th quarter valued at approximately $83,000. Price T Rowe Associates Inc. MD raised its position in European Wax Center by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock valued at $84,000 after purchasing an additional 1,582 shares during the period. Oxford Asset Management LLP acquired a new position in European Wax Center during the fourth quarter worth $88,000. SG Americas Securities LLC boosted its position 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 worth $103,000 after buying an additional 1,690 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of European Wax Center in the fourth quarter valued at $106,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Trading Down 1.8%

Shares of NASDAQ:EWCZ opened at $5.40 on Monday. European Wax Center, Inc. has a 52 week low of $2.72 and a 52 week high of $12.04. The company’s 50 day moving average is $3.75 and its two-hundred day moving average is $5.50. The company has a market cap of $298.87 million, a PE ratio of 23.48, a P/E/G ratio of 1.72 and a beta of 1.17. The company has a current ratio of 3.17, a quick ratio of 2.42 and a debt-to-equity ratio of 3.81.

European Wax Center (NASDAQ:EWCZ) last posted its earnings results on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.05 by $0.12. The firm had revenue of $51.43 million for the quarter, compared to analyst estimates of $49.70 million. European Wax Center had a return on equity of 16.51% and a net margin of 4.96%. Equities analysts predict that European Wax Center, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on EWCZ shares. Morgan Stanley lowered their target price on European Wax Center from $5.00 to $4.00 and set an “underweight” rating for the company in a report on Wednesday, March 12th. Robert W. Baird lowered their price objective on shares of European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Truist Financial upped their target price on shares of European Wax Center from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group set a $15.00 target price on shares of European Wax Center in a report on Tuesday, March 11th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $5.00 price target on shares of European Wax Center in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.94.

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.