European Wax Center, Inc. (NASDAQ:EWCZ) Given Consensus Rating of “Hold” by Brokerages

European Wax Center, Inc. (NASDAQ:EWCZ) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $6.9286.

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of European Wax Center from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Telsey Advisory Group reissued a “market perform” rating and set a $5.00 price objective on shares of European Wax Center in a research report on Wednesday, August 13th. Finally, Robert W. Baird set a $5.50 price objective on shares of European Wax Center in a research report on Thursday, August 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. purchased a new stake in shares of European Wax Center in the second quarter valued at about $5,524,000. MIG Capital LLC boosted its holdings in shares of European Wax Center by 65.8% in the second quarter. MIG Capital LLC now owns 2,057,186 shares of the company’s stock valued at $11,582,000 after acquiring an additional 816,657 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of European Wax Center by 355.3% in the second quarter. Marshall Wace LLP now owns 724,149 shares of the company’s stock valued at $4,077,000 after acquiring an additional 565,099 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of European Wax Center in the first quarter valued at about $1,543,000. Finally, Crown Advisors Management Inc. acquired a new stake in shares of European Wax Center in the second quarter valued at about $1,126,000. 82.14% of the stock is owned by hedge funds and other institutional investors.

European Wax Center Trading Down 2.1%

NASDAQ EWCZ opened at $3.76 on Thursday. The company has a debt-to-equity ratio of 3.53, a current ratio of 3.38 and a quick ratio of 2.76. The firm’s fifty day moving average price is $3.96 and its 200 day moving average price is $4.48. The company has a market capitalization of $207.63 million, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 0.35 and a beta of 1.45. European Wax Center has a 12 month low of $2.72 and a 12 month high of $8.91.

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.