Landscape Capital Management L.L.C. Makes New Investment in European Wax Center, Inc. (NASDAQ:EWCZ)

Landscape Capital Management L.L.C. acquired a new stake in European Wax Center, Inc. (NASDAQ:EWCZ) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 181,047 shares of the company’s stock, valued at approximately $1,231,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bamco Inc. NY boosted its holdings in European Wax Center by 8.8% in the first quarter. Bamco Inc. NY now owns 3,265,000 shares of the company’s stock valued at $42,380,000 after purchasing an additional 265,000 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of European Wax Center by 44.0% in the 2nd quarter. Millennium Management LLC now owns 538,972 shares of the company’s stock valued at $5,352,000 after buying an additional 164,688 shares during the period. Algert Global LLC purchased a new stake in shares of European Wax Center in the second quarter worth about $135,000. Vanguard Group Inc. grew its holdings in European Wax Center by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,889,324 shares of the company’s stock worth $24,523,000 after acquiring an additional 29,918 shares during the period. Finally, Marshall Wace LLP purchased a new position in European Wax Center during the second quarter valued at approximately $3,274,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

Analysts Set New Price Targets

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

European Wax Center Price Performance

EWCZ opened at $5.89 on Friday. The company has a market cap of $353.28 million, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.44 and a beta of 1.11. European Wax Center, Inc. has a twelve month low of $4.80 and a twelve month high of $16.07. The company has a 50-day moving average price of $6.99 and a 200 day moving average price of $8.44. The company has a quick ratio of 2.72, a current ratio of 3.17 and a debt-to-equity ratio of 3.81.

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.