Intech Investment Management LLC Takes $106,000 Position in European Wax Center, Inc. (NASDAQ:EWCZ)

Intech Investment Management LLC purchased a new position in European Wax Center, Inc. (NASDAQ:EWCZ) during the 4th quarter, Holdings Channel reports. The fund purchased 15,857 shares of the company’s stock, valued at approximately $106,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased 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 acquiring an additional 1,690 shares during the period. Quantbot Technologies LP grew its stake in European Wax Center by 52.3% in the third quarter. Quantbot Technologies LP now owns 22,454 shares of the company’s stock worth $153,000 after purchasing an additional 7,709 shares in the last quarter. XTX Topco Ltd purchased a new position in European Wax Center during the 3rd quarter worth $162,000. Olympiad Research LP raised its position in European Wax Center by 116.8% during the 4th quarter. Olympiad Research LP now owns 50,000 shares of the company’s stock valued at $334,000 after purchasing an additional 26,939 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of European Wax Center by 37.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,204 shares of the company’s stock worth $348,000 after buying an additional 14,086 shares during the period. Institutional investors own 82.14% of the company’s stock.

European Wax Center Trading Down 2.4 %

NASDAQ:EWCZ opened at $4.14 on Friday. The firm has a 50 day moving average of $5.99 and a 200 day moving average of $6.39. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81. European Wax Center, Inc. has a 52 week low of $2.72 and a 52 week high of $13.15. The stock has a market capitalization of $229.13 million, a price-to-earnings ratio of 18.00, a PEG ratio of 1.72 and a beta of 0.95.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EWCZ shares. Robert W. Baird decreased their price objective on European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Jefferies Financial Group set a $15.00 price target on shares of European Wax Center in a research report on Tuesday, March 11th. Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price objective on shares of European Wax Center in a report on Tuesday, March 11th. Piper Sandler cut European Wax Center from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $9.00 to $7.00 in a research report on Monday, January 6th. Finally, Morgan Stanley cut their price target on European Wax Center from $5.00 to $4.00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, European Wax Center presently has an average 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.