European Wax Center, Inc. (NASDAQ:EWCZ) Receives $6.92 Average Price Target from Brokerages

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have earned an average rating of “Reduce” from the six research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $6.9167.

A number of research analysts recently weighed in on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $5.00 price objective on shares of European Wax Center in a research note on Wednesday, November 12th. Weiss Ratings started coverage on European Wax Center in a report on Saturday, November 1st. They set a “sell (d+)” rating on the stock. Finally, Wall Street Zen upgraded shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Virtus Advisers LLC acquired a new stake in shares of European Wax Center in the second quarter valued at about $30,000. Ritholtz Wealth Management bought a new stake in European Wax Center during the 3rd quarter valued at approximately $41,000. Vanguard Personalized Indexing Management LLC acquired a new stake in European Wax Center in the 2nd quarter valued at approximately $60,000. Wealth Enhancement Advisory Services LLC bought a new position in European Wax Center in the 2nd quarter worth approximately $68,000. Finally, R Squared Ltd bought a new position in European Wax Center in the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Price Performance

NASDAQ EWCZ opened at $3.97 on Tuesday. European Wax Center has a fifty-two week low of $2.72 and a fifty-two week high of $7.60. The stock’s 50-day moving average is $3.80 and its two-hundred day moving average is $4.21. The firm has a market cap of $215.81 million, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. The company has a debt-to-equity ratio of 3.57, a current ratio of 3.67 and a quick ratio of 3.14.

About European Wax Center

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.