European Wax Center, Inc. (NASDAQ:EWCZ) Receives $6.93 Average PT from Analysts

European Wax Center, Inc. (NASDAQ:EWCZ) has earned an average recommendation of “Reduce” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $6.9286.

A number of analysts have commented on EWCZ shares. Weiss Ratings initiated coverage on shares of European Wax Center in a report on Saturday, November 1st. They issued a “sell (d+)” rating for the company. Telsey Advisory Group restated a “market perform” rating and issued a $5.00 price target on shares of European Wax Center in a research report on Wednesday, November 12th. Finally, Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EWCZ. PharVision Advisers LLC acquired a new stake in European Wax Center during the third quarter worth about $122,000. Sherbrooke Park Advisers LLC boosted its holdings in European Wax Center by 179.2% in the 3rd quarter. Sherbrooke Park Advisers LLC now owns 29,484 shares of the company’s stock valued at $118,000 after purchasing an additional 18,923 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of European Wax Center by 38.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 188,558 shares of the company’s stock valued at $752,000 after buying an additional 52,808 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of European Wax Center during the 3rd quarter worth approximately $56,000. Finally, Ararat Capital Management LP raised its position in shares of European Wax Center by 26.3% during the 3rd quarter. Ararat Capital Management LP now owns 3,114,767 shares of the company’s stock valued at $12,428,000 after buying an additional 647,770 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Price Performance

Shares of NASDAQ EWCZ opened at $4.06 on Friday. The firm has a 50-day simple moving average of $3.75 and a 200-day simple moving average of $4.45. The company has a quick ratio of 3.14, a current ratio of 3.67 and a debt-to-equity ratio of 3.57. The stock has a market capitalization of $220.70 million, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 0.42 and a beta of 1.45. European Wax Center has a 52 week low of $2.72 and a 52 week high of $7.60.

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.