CenterBook Partners LP Raises Stock Position in European Wax Center, Inc. $EWCZ

CenterBook Partners LP grew its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 14.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 814,171 shares of the company’s stock after purchasing an additional 100,455 shares during the quarter. CenterBook Partners LP owned 1.47% of European Wax Center worth $4,584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EWCZ. Vanguard Personalized Indexing Management LLC purchased a new position in European Wax Center in the 2nd quarter valued at about $60,000. Wealth Enhancement Advisory Services LLC bought a new stake in European Wax Center during the second quarter valued at $68,000. CWM LLC grew its position in shares of European Wax Center by 1,275.9% during the 2nd quarter. CWM LLC now owns 14,337 shares of the company’s stock valued at $81,000 after buying an additional 13,295 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of European Wax Center by 39.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,542 shares of the company’s stock worth $116,000 after purchasing an additional 5,803 shares during the period. Finally, Royce & Associates LP lifted its stake in European Wax Center by 59.3% in the first quarter. Royce & Associates LP now owns 23,411 shares of the company’s stock valued at $92,000 after buying an additional 8,713 shares during the last quarter. 82.14% of the stock is currently owned by hedge funds and other institutional investors.

European Wax Center Stock Up 3.1%

EWCZ opened at $3.67 on Friday. The company has a market capitalization of $199.50 million, a PE ratio of 14.12, a price-to-earnings-growth ratio of 0.35 and a beta of 1.45. The business has a 50-day moving average of $3.76 and a 200-day moving average of $4.53. European Wax Center, Inc. has a fifty-two week low of $2.72 and a fifty-two week high of $7.60. The company has a debt-to-equity ratio of 3.57, a current ratio of 3.67 and a quick ratio of 3.14.

Analyst Upgrades and Downgrades

EWCZ has been the subject of several analyst reports. Robert W. Baird set a $5.50 price objective on European Wax Center in a research report on Thursday, August 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 target price on shares of European Wax Center in a report on Wednesday, November 12th. Weiss Ratings assumed coverage on European Wax Center in a report on Saturday, November 1st. They set a “sell (d+)” rating for the company. Finally, Wall Street Zen raised shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus 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.