10,040 Shares in European Wax Center, Inc. (NASDAQ:EWCZ) Acquired by Arizona State Retirement System

Arizona State Retirement System purchased a new position in shares of European Wax Center, Inc. (NASDAQ:EWCZFree Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,040 shares of the company’s stock, valued at approximately $163,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of European Wax Center by 29.4% during the 2nd quarter. Royal Bank of Canada now owns 3,710 shares of the company’s stock worth $69,000 after purchasing an additional 842 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of European Wax Center by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,220 shares of the company’s stock worth $812,000 after purchasing an additional 847 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of European Wax Center by 43.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,926 shares of the company’s stock worth $54,000 after purchasing an additional 889 shares during the period. California State Teachers Retirement System grew its stake in shares of European Wax Center by 3.5% during the 3rd quarter. California State Teachers Retirement System now owns 31,684 shares of the company’s stock worth $585,000 after purchasing an additional 1,082 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in European Wax Center by 77.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,820 shares of the company’s stock valued at $53,000 after acquiring an additional 1,234 shares during the last quarter. 74.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Truist Financial lowered their price objective on shares of European Wax Center from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Morgan Stanley lowered their price objective on shares of European Wax Center from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 9th. Telsey Advisory Group lowered their price objective on shares of European Wax Center from $23.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Finally, Piper Sandler increased their price objective on shares of European Wax Center from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.80.

Get Our Latest Report on European Wax Center

European Wax Center Price Performance

NASDAQ:EWCZ opened at $14.29 on Friday. The firm has a market cap of $892.28 million, a price-to-earnings ratio of 102.07 and a beta of 1.34. The company has a current ratio of 3.76, a quick ratio of 3.00 and a debt-to-equity ratio of 2.74. The company’s 50-day moving average is $14.50 and its two-hundred day moving average is $15.61. European Wax Center, Inc. has a 12-month low of $11.97 and a 12-month high of $20.70.

European Wax Center (NASDAQ:EWCZGet Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $55.72 million for the quarter, compared to analysts’ expectations of $59.09 million. European Wax Center had a return on equity of 39.58% and a net margin of 3.37%. Research analysts expect that European Wax Center, Inc. will post 0.23 EPS for the current year.

About European Wax Center

(Free Report)

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.

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Institutional Ownership by Quarter for European Wax Center (NASDAQ:EWCZ)

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