Barclays PLC Buys 44,376 Shares of European Wax Center, Inc. (NASDAQ:EWCZ)

Barclays PLC increased its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 365.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,510 shares of the company’s stock after purchasing an additional 44,376 shares during the quarter. Barclays PLC owned about 0.10% of European Wax Center worth $385,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EWCZ. Quantbot Technologies LP boosted its position in European Wax Center by 52.3% in the 3rd quarter. Quantbot Technologies LP now owns 22,454 shares of the company’s stock valued at $153,000 after buying an additional 7,709 shares during the last quarter. Creative Planning lifted its stake in shares of European Wax Center by 72.6% during the third quarter. Creative Planning now owns 21,501 shares of the company’s stock valued at $146,000 after acquiring an additional 9,044 shares during the period. Canada Pension Plan Investment Board boosted its holdings in European Wax Center by 15.5% in the second quarter. Canada Pension Plan Investment Board now owns 84,200 shares of the company’s stock valued at $836,000 after acquiring an additional 11,300 shares during the last quarter. Victory Capital Management Inc. increased its position in European Wax Center by 25.7% in the second quarter. Victory Capital Management Inc. now owns 57,000 shares of the company’s stock worth $566,000 after purchasing an additional 11,650 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in European Wax Center during the 2nd quarter worth about $127,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Stock Up 0.2 %

Shares of NASDAQ EWCZ opened at $6.36 on Friday. European Wax Center, Inc. has a 52-week low of $4.80 and a 52-week high of $15.95. 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 stock has a market cap of $362.16 million, a P/E ratio of 27.65, a P/E/G ratio of 2.17 and a beta of 0.95. The firm has a 50 day moving average price of $6.19 and a 200 day moving average price of $7.06.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EWCZ shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $5.00 target price on shares of European Wax Center in a research note on Friday, November 15th. Piper Sandler cut shares of European Wax Center from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $9.00 to $7.00 in a research note on Monday, January 6th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 target price on shares of European Wax Center in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.64.

Insider Activity

In other news, Director Nital P. Scott sold 4,344 shares of European Wax Center stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $5.85, for a total transaction of $25,412.40. Following the transaction, the director now owns 29,262 shares in the company, valued at $171,182.70. The trade was a 12.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.14% of the stock is owned by company insiders.

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.