Kazazian Asset Management LLC Has $1.34 Million Stock Holdings in European Wax Center, Inc. $EWCZ

Kazazian Asset Management LLC grew its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 107.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 335,000 shares of the company’s stock after acquiring an additional 173,707 shares during the quarter. European Wax Center comprises about 1.6% of Kazazian Asset Management LLC’s portfolio, making the stock its 14th biggest holding. Kazazian Asset Management LLC owned approximately 0.61% of European Wax Center worth $1,337,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Hillsdale Investment Management Inc. raised its stake in European Wax Center by 41.7% in the third quarter. Hillsdale Investment Management Inc. now owns 1,389,830 shares of the company’s stock valued at $5,545,000 after purchasing an additional 408,723 shares in the last quarter. Vanguard Group Inc. increased its holdings in European Wax Center by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,902,378 shares of the company’s stock valued at $7,590,000 after buying an additional 67,542 shares during the period. LSV Asset Management acquired a new position in shares of European Wax Center in the 3rd quarter valued at approximately $241,000. State of Wyoming lifted its holdings in shares of European Wax Center by 28.6% during the 3rd quarter. State of Wyoming now owns 151,987 shares of the company’s stock worth $606,000 after acquiring an additional 33,762 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of European Wax Center by 23.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,523 shares of the company’s stock worth $58,000 after acquiring an additional 2,794 shares in the last quarter. Institutional investors own 82.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial downgraded shares of European Wax Center from a “buy” rating to a “hold” rating and lowered their price objective for the company from $6.00 to $5.80 in a research report on Tuesday, February 10th. Morgan Stanley set a $5.80 price target on European Wax Center and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of European Wax Center in a research note on Thursday, January 29th. Finally, Zacks Research raised European Wax Center from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.37.

European Wax Center Stock Up 0.2%

Shares of NASDAQ:EWCZ opened at $5.72 on Friday. The business has a fifty day simple moving average of $4.19 and a 200 day simple moving average of $4.05. European Wax Center, Inc. has a 12-month low of $2.72 and a 12-month high of $7.02. The firm has a market cap of $310.94 million, a P/E ratio of 22.00, a P/E/G ratio of 0.53 and a beta of 1.46. The company has a quick ratio of 3.14, a current ratio of 3.67 and a debt-to-equity ratio of 3.57.

European Wax Center Company Profile

European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.

Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.