Nital P. Scott Sells 4,344 Shares of European Wax Center, Inc. (NASDAQ:EWCZ) Stock

European Wax Center, Inc. (NASDAQ:EWCZ) Director Nital P. Scott sold 4,344 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were 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. This represents a 12.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

European Wax Center Stock Down 3.4 %

EWCZ stock opened at $5.06 on Friday. The stock has a market capitalization of $288.13 million, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. The company has a 50-day moving average of $6.59 and a two-hundred day moving average of $7.74. European Wax Center, Inc. has a 52-week low of $4.80 and a 52-week high of $16.07. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42.

Institutional Trading of European Wax Center

Several hedge funds have recently added to or reduced their stakes in EWCZ. Barclays PLC increased its position in European Wax Center by 365.7% in the 3rd quarter. Barclays PLC now owns 56,510 shares of the company’s stock worth $385,000 after buying an additional 44,376 shares during the period. Geode Capital Management LLC increased its position in European Wax Center by 3.9% during the third quarter. Geode Capital Management LLC now owns 820,728 shares of the company’s stock worth $5,582,000 after acquiring an additional 30,804 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in European Wax Center during the 3rd quarter valued at $451,000. XTX Topco Ltd bought a new stake in European Wax Center in the 3rd quarter valued at $162,000. Finally, Atom Investors LP grew its position in European Wax Center by 57.4% in the 3rd quarter. Atom Investors LP now owns 184,784 shares of the company’s stock worth $1,257,000 after purchasing an additional 67,371 shares during the last quarter. Institutional investors own 82.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EWCZ. Morgan Stanley restated an “underweight” rating and set a $5.00 target price on shares of European Wax Center in a report on Friday, November 15th. Telsey Advisory Group lowered European Wax Center from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $8.00 to $6.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.36.

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.