PharVision Advisers LLC Makes New $403,000 Investment in European Wax Center, Inc. (NASDAQ:EWCZ)

PharVision Advisers LLC acquired a new stake in European Wax Center, Inc. (NASDAQ:EWCZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 60,390 shares of the company’s stock, valued at approximately $403,000. PharVision Advisers LLC owned 0.11% of European Wax Center at the end of the most recent quarter.

Other hedge funds and other institutional investors have 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 lifted its stake in shares of European Wax Center by 14.6% in the 4th 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 last quarter. Oxford Asset Management LLP purchased a new position in shares of European Wax Center during the 4th quarter worth $88,000. SG Americas Securities LLC raised its holdings in European Wax Center by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock valued at $103,000 after buying an additional 1,690 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in European Wax Center by 46.6% in the 4th quarter. Wells Fargo & Company MN now owns 15,836 shares of the company’s stock valued at $106,000 after buying an additional 5,033 shares during the period. 82.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EWCZ. Truist Financial boosted their price target on shares of European Wax Center from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 price objective on shares of European Wax Center in a research note on Thursday, May 15th. 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 research note on Wednesday, March 12th. Citigroup boosted their target price on shares of European Wax Center from $4.50 to $6.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Robert W. Baird decreased their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, European Wax Center presently has an average rating of “Hold” and a consensus target price of $7.00.

European Wax Center Stock Performance

Shares of EWCZ opened at $5.40 on Wednesday. The company’s 50 day simple moving average is $3.80 and its 200-day simple moving average is $5.48. European Wax Center, Inc. has a 12-month low of $2.72 and a 12-month high of $12.04. The firm has a market cap of $298.87 million, a PE ratio of 23.48, a price-to-earnings-growth 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 released its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. European Wax Center had a return on equity of 16.51% and a net margin of 4.96%. The firm had revenue of $51.43 million for the quarter, compared to analyst estimates of $49.70 million. As a group, equities analysts predict that European Wax Center, Inc. will post 0.26 EPS for the current year.

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.