European Wax Center, Inc. (NASDAQ:EWCZ) Receives Average Rating of “Hold” from Analysts

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.94.

Several research analysts recently commented on the company. Telsey Advisory Group reissued a “market perform” rating and set a $6.00 target price on shares of European Wax Center in a research note on Tuesday, March 11th. Truist Financial reduced their target price on shares of European Wax Center from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley lowered their price target on shares of European Wax Center from $5.00 to $4.00 and set an “underweight” rating for the company in a report on Wednesday, March 12th. Robert W. Baird decreased their price objective on shares of European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Finally, Jefferies Financial Group set a $15.00 target price on shares of European Wax Center in a research note on Tuesday, March 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new stake in shares of European Wax Center in the fourth quarter valued at approximately $83,000. Price T Rowe Associates Inc. MD boosted its stake in European Wax Center by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock worth $84,000 after purchasing an additional 1,582 shares during the period. Oxford Asset Management LLP purchased a new position in European Wax Center during the 4th quarter worth $88,000. SG Americas Securities LLC increased its stake in European Wax Center by 12.3% in the fourth quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock valued at $103,000 after purchasing an additional 1,690 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of European Wax Center in the fourth quarter valued at about $106,000. Hedge funds and other institutional investors own 82.14% of the company’s stock.

European Wax Center Stock Performance

Shares of EWCZ stock opened at $3.65 on Friday. European Wax Center has a 52 week low of $2.72 and a 52 week high of $12.14. The firm has a 50 day moving average of $5.26 and a two-hundred day moving average of $6.11. 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 stock has a market capitalization of $202.01 million, a PE ratio of 15.87, a P/E/G ratio of 1.72 and a beta of 1.15.

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.