Wealth Enhancement Advisory Services LLC Makes New $68,000 Investment in European Wax Center, Inc. $EWCZ

Wealth Enhancement Advisory Services LLC bought a new position in shares of European Wax Center, Inc. (NASDAQ:EWCZ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,729 shares of the company’s stock, valued at approximately $68,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Algert Global LLC grew its position in shares of European Wax Center by 10.4% during the first quarter. Algert Global LLC now owns 51,470 shares of the company’s stock worth $203,000 after acquiring an additional 4,850 shares during the last quarter. American Century Companies Inc. grew its position in shares of European Wax Center by 13.5% during the first quarter. American Century Companies Inc. now owns 57,462 shares of the company’s stock worth $227,000 after acquiring an additional 6,846 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of European Wax Center by 5.1% during the first quarter. Victory Capital Management Inc. now owns 150,978 shares of the company’s stock worth $596,000 after acquiring an additional 7,371 shares during the last quarter. Royce & Associates LP grew its position in shares of European Wax Center by 59.3% during the first quarter. Royce & Associates LP now owns 23,411 shares of the company’s stock worth $92,000 after acquiring an additional 8,713 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in shares of European Wax Center by 43.4% during the first quarter. Voya Investment Management LLC now owns 57,538 shares of the company’s stock worth $227,000 after acquiring an additional 17,417 shares during the last quarter. 82.14% of the stock is owned by institutional investors and hedge funds.

European Wax Center Stock Performance

NASDAQ:EWCZ opened at $3.24 on Monday. European Wax Center, Inc. has a twelve month low of $2.72 and a twelve month high of $8.91. The company has a current ratio of 3.38, a quick ratio of 2.76 and a debt-to-equity ratio of 3.53. The company has a 50-day moving average of $4.15 and a 200-day moving average of $4.49. The firm has a market cap of $178.91 million, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.29 and a beta of 1.45.

Analyst Ratings Changes

Several research firms have recently commented on EWCZ. Wall Street Zen lowered shares of European Wax Center from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 target price on shares of European Wax Center in a research report on Wednesday, August 13th. Finally, Robert W. Baird set a $5.50 target price on shares of European Wax Center in a research report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.93.

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.