European Wax Center, Inc. (NASDAQ:EWCZ) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in European Wax Center, Inc. (NASDAQ:EWCZ) by 78.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,653 shares of the company’s stock after acquiring an additional 44,653 shares during the quarter. Victory Capital Management Inc. owned approximately 0.17% of European Wax Center worth $691,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of European Wax Center in the 3rd quarter valued at $93,000. Aigen Investment Management LP purchased a new position in European Wax Center in the third quarter valued at $114,000. Dark Forest Capital Management LP purchased a new position in European Wax Center in the second quarter valued at $127,000. Algert Global LLC acquired a new position in shares of European Wax Center in the second quarter worth about $135,000. Finally, Creative Planning boosted its stake in shares of European Wax Center by 72.6% during the 3rd quarter. Creative Planning now owns 21,501 shares of the company’s stock worth $146,000 after acquiring an additional 9,044 shares in the last quarter. Hedge funds and other institutional investors own 82.14% of the company’s stock.

Wall Street Analyst Weigh In

EWCZ has been the subject of several recent analyst reports. Bank of America cut their price target on European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $8.00 target price on shares of European Wax Center in a research note on Thursday, November 14th. Citigroup cut shares of European Wax Center from a “buy” rating to a “neutral” rating and dropped their price target for the company from $16.00 to $5.50 in a research note on Thursday, August 15th. Robert W. Baird cut their price target on shares of European Wax Center from $13.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $5.00 price objective on shares of European Wax Center in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, European Wax Center has an average rating of “Hold” and a consensus price target of $7.64.

European Wax Center Stock Up 0.7 %

NASDAQ EWCZ opened at $5.93 on Friday. The business has a fifty day moving average price of $6.92 and a 200 day moving average price 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. The company has a market cap of $337.67 million, a P/E ratio of 25.78, a P/E/G ratio of 2.42 and a beta of 1.11. European Wax Center, Inc. has a one year low of $4.80 and a one year high of $16.07.

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.