Dimensional Fund Advisors LP Sells 140,430 Shares of European Wax Center, Inc. (NASDAQ:EWCZ)

Dimensional Fund Advisors LP cut its holdings in European Wax Center, Inc. (NASDAQ:EWCZ) by 19.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 576,275 shares of the company’s stock after selling 140,430 shares during the quarter. Dimensional Fund Advisors LP owned about 0.95% of European Wax Center worth $5,722,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EWCZ. Champlain Investment Partners LLC boosted its stake in European Wax Center by 13.1% in the 1st quarter. Champlain Investment Partners LLC now owns 3,745,511 shares of the company’s stock worth $48,617,000 after purchasing an additional 435,270 shares during the period. Bamco Inc. NY raised its position in European Wax Center by 8.8% in the 1st quarter. Bamco Inc. NY now owns 3,265,000 shares of the company’s stock valued at $42,380,000 after buying an additional 265,000 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in European Wax Center by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,178,657 shares of the company’s stock valued at $31,564,000 after acquiring an additional 81,704 shares in the last quarter. Wellington Management Group LLP boosted its position in European Wax Center by 3.5% during the 4th quarter. Wellington Management Group LLP now owns 2,279,389 shares of the company’s stock worth $30,977,000 after acquiring an additional 77,334 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of European Wax Center by 508.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,118 shares of the company’s stock worth $369,000 after acquiring an additional 31,022 shares in the last quarter. 82.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Piper Sandler lowered their price target on shares of European Wax Center from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Telsey Advisory Group restated an “outperform” rating and set a $8.00 target price on shares of European Wax Center in a report on Friday, September 20th. Bank of America dropped their target price on shares of European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Truist Financial reduced their price target on European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Citigroup lowered European Wax Center from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.00 to $5.50 in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, European Wax Center has a consensus rating of “Moderate Buy” and an average target price of $7.64.

European Wax Center Stock Performance

Shares of European Wax Center stock opened at $6.87 on Wednesday. The company has a 50 day moving average of $6.98 and a 200-day moving average of $9.59. The company has a market cap of $417.90 million, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. European Wax Center, Inc. has a 1-year low of $4.80 and a 1-year high of $16.76. The company has a current ratio of 3.49, a quick ratio of 2.72 and a debt-to-equity ratio of 3.18.

European Wax Center (NASDAQ:EWCZ) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $59.87 million during the quarter, compared to the consensus estimate of $61.27 million. European Wax Center had a return on equity of 13.84% and a net margin of 5.61%. As a group, equities research analysts forecast that European Wax Center, Inc. will post 0.24 earnings per share for the current fiscal year.

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.