European Wax Center, Inc. (NASDAQ:EWCZ) Stake Cut by Woodson Capital Management LP

Woodson Capital Management LP trimmed its stake in European Wax Center, Inc. (NASDAQ:EWCZ) by 11.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 400,000 shares of the company’s stock after selling 50,609 shares during the quarter. Woodson Capital Management LP owned 0.67% of European Wax Center worth $2,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in EWCZ. SG Americas Securities LLC purchased a new stake in shares of European Wax Center during the 3rd quarter worth about $93,000. Royce & Associates LP bought a new position in European Wax Center during the third quarter valued at approximately $108,000. Aigen Investment Management LP acquired a new stake in European Wax Center in the third quarter valued at approximately $114,000. Dark Forest Capital Management LP bought a new stake in European Wax Center in the second quarter worth approximately $127,000. Finally, Algert Global LLC bought a new position in shares of European Wax Center during the 2nd quarter valued at $135,000. 82.14% of the stock is currently owned by institutional investors and hedge funds.

European Wax Center Stock Up 0.7 %

Shares of NASDAQ EWCZ opened at $5.93 on Friday. The business has a fifty day moving average of $6.92 and a two-hundred day moving average of $8.31. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17. European Wax Center, Inc. has a 52-week low of $4.80 and a 52-week high of $16.07. The stock has a market cap of $337.65 million, a PE ratio of 25.78, a PEG ratio of 2.27 and a beta of 1.11.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Truist Financial decreased their target price on European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Bank of America dropped their price objective on European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Morgan Stanley reaffirmed an “underweight” rating and issued a $5.00 price target on shares of European Wax Center in a research report on Friday, November 15th. Citigroup cut European Wax Center from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.00 to $5.50 in a research report on Thursday, August 15th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $8.00 target price on shares of European Wax Center in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.64.

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.