Analysts Set European Wax Center, Inc. (NASDAQ:EWCZ) Price Target at $5.84
by Jessica Moore · The Cerbat GemEuropean Wax Center, Inc. (NASDAQ:EWCZ – Get Free Report) has been assigned a consensus recommendation of “Reduce” from the six research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $5.84.
EWCZ has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of European Wax Center in a report on Thursday, January 29th. Morgan Stanley set a $5.80 price target on shares of European Wax Center and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $5.80 price target on shares of European Wax Center in a report on Thursday, March 5th. Robert W. Baird set a $5.80 price target on shares of European Wax Center in a report on Wednesday, February 11th. Finally, Zacks Research cut shares of European Wax Center from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th.
View Our Latest Stock Report on EWCZ
European Wax Center Trading Up 0.2%
NASDAQ:EWCZ opened at $5.83 on Thursday. The company’s 50 day moving average price is $5.73 and its 200-day moving average price is $4.47. European Wax Center has a 52 week low of $2.95 and a 52 week high of $6.51. The company has a quick ratio of 2.29, a current ratio of 2.70 and a debt-to-equity ratio of 3.57. The stock has a market cap of $317.97 million, a price-to-earnings ratio of 27.76, a PEG ratio of 0.67 and a beta of 1.32.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mariner LLC lifted its position in European Wax Center by 12.9% during the fourth quarter. Mariner LLC now owns 19,996 shares of the company’s stock valued at $72,000 after purchasing an additional 2,283 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in European Wax Center by 23.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,523 shares of the company’s stock valued at $58,000 after purchasing an additional 2,794 shares during the period. CWM LLC lifted its position in European Wax Center by 22.0% during the fourth quarter. CWM LLC now owns 27,402 shares of the company’s stock valued at $99,000 after purchasing an additional 4,944 shares during the period. JPMorgan Chase & Co. lifted its position in European Wax Center by 39.4% during the second quarter. JPMorgan Chase & Co. now owns 20,542 shares of the company’s stock valued at $116,000 after purchasing an additional 5,803 shares during the period. Finally, Barclays PLC lifted its position in European Wax Center by 13.1% during the fourth quarter. Barclays PLC now owns 53,398 shares of the company’s stock valued at $192,000 after purchasing an additional 6,185 shares during the period. Institutional investors own 82.14% of the company’s stock.
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.