Woodson Capital Management LP Has $2.72 Million Stock Position in European Wax Center, Inc. (NASDAQ:EWCZ)

Woodson Capital Management LP cut its holdings in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 11.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 400,000 shares of the company’s stock after selling 50,609 shares during the period. Woodson Capital Management LP’s holdings in European Wax Center were worth $2,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Dark Forest Capital Management LP acquired a new position in shares of European Wax Center in the 2nd quarter valued at $127,000. Algert Global LLC bought a new position in European Wax Center during the second quarter worth about $135,000. SG Americas Securities LLC acquired a new position in European Wax Center in the third quarter valued at about $93,000. Royce & Associates LP acquired a new stake in shares of European Wax Center during the third quarter worth about $108,000. Finally, Aigen Investment Management LP bought a new position in shares of European Wax Center during the 3rd quarter valued at about $114,000. Institutional investors own 82.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on EWCZ shares. Telsey Advisory Group restated an “outperform” rating and set a $8.00 target price on shares of European Wax Center in a report on Thursday, November 14th. Truist Financial decreased their price target on shares of European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Citigroup cut shares of European Wax Center from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $16.00 to $5.50 in a report on Thursday, August 15th. Morgan Stanley reissued an “underweight” rating and set a $5.00 price target on shares of European Wax Center in a research report on Friday, November 15th. Finally, Robert W. Baird reduced their price target on European Wax Center from $13.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, European Wax Center presently has an average rating of “Hold” and a consensus target price of $7.64.

European Wax Center Price Performance

NASDAQ:EWCZ opened at $5.93 on Friday. The firm’s fifty day moving average price is $6.92 and its two-hundred day moving average price is $8.31. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. The company has a market cap of $337.65 million, a P/E ratio of 25.78, a P/E/G ratio of 2.27 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.

European Wax Center Company Profile

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.