Dynamic Technology Lab Private Ltd Has $519,000 Stock Holdings in European Wax Center, Inc. (NASDAQ:EWCZ)

Dynamic Technology Lab Private Ltd decreased its holdings in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 45.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,264 shares of the company’s stock after selling 64,393 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.13% of European Wax Center worth $519,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EWCZ. SG Americas Securities LLC acquired a new stake in shares of European Wax Center during the third quarter worth $93,000. Royce & Associates LP acquired a new stake in shares of European Wax Center during the third quarter worth $108,000. Aigen Investment Management LP acquired a new stake in shares of European Wax Center during the third quarter worth $114,000. Dark Forest Capital Management LP acquired a new stake in shares of European Wax Center during the second quarter worth $127,000. Finally, Algert Global LLC acquired a new stake in shares of European Wax Center during the second quarter worth $135,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Stock Performance

European Wax Center stock opened at $6.01 on Friday. European Wax Center, Inc. has a 12-month low of $4.80 and a 12-month high of $16.07. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81. The business’s 50-day moving average price is $6.89 and its two-hundred day moving average price is $8.30. The stock has a market cap of $342.21 million, a PE ratio of 26.13, a P/E/G ratio of 2.27 and a beta of 1.11.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird dropped their target price on European Wax Center from $13.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Telsey Advisory Group restated an “outperform” rating and issued a $8.00 price target on shares of European Wax Center in a research report on Thursday, November 14th. Citigroup cut European Wax Center from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $16.00 to $5.50 in a research report on Thursday, August 15th. Bank of America decreased their price target on European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Finally, Morgan Stanley restated an “underweight” rating and issued a $5.00 price target on shares of European Wax Center in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.64.

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.