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

by · The Cerbat Gem

Shares of European Wax Center, Inc. (NASDAQ:EWCZ – Get Free Report) have received an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.00.

Several research firms have issued reports on EWCZ. Truist Financial upped their target price on shares of European Wax Center from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 price objective on shares of European Wax Center in a research note on Thursday, May 15th. Robert W. Baird decreased their target price on shares of European Wax Center from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Jefferies Financial Group set a $15.00 price objective on shares of European Wax Center in a research report on Tuesday, March 11th. Finally, Morgan Stanley cut their target price 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.

Read Our Latest Report on EWCZ

European Wax Center Stock Performance

NASDAQ:EWCZ opened at $5.58 on Friday. European Wax Center has a twelve month low of $2.72 and a twelve month high of $10.88. The stock has a market cap of $308.04 million, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 0.64 and a beta of 1.47. The company has a quick ratio of 2.18, a current ratio of 2.71 and a debt-to-equity ratio of 3.79. The firm’s fifty day simple moving average is $4.67 and its 200 day simple moving average is $5.30.

European Wax Center (NASDAQ:EWCZ – Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.12. The firm had revenue of $51.43 million during the quarter, compared to analyst estimates of $49.70 million. European Wax Center had a return on equity of 23.65% and a net margin of 4.38%. As a group, research analysts predict that European Wax Center will post 0.26 EPS for the current year.

Institutional Trading of European Wax Center

Several institutional investors and hedge funds have recently made changes to their positions in EWCZ. D. E. Shaw & Co. Inc. raised its holdings in shares of European Wax Center by 102.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,321,817 shares of the company’s stock valued at $8,817,000 after acquiring an additional 667,723 shares in the last quarter. CenterBook Partners LP raised its holdings in European Wax Center by 42.2% in the fourth quarter. CenterBook Partners LP now owns 1,717,249 shares of the company’s stock worth $11,454,000 after purchasing an additional 509,991 shares in the last quarter. Highland Peak Capital LLC bought a new position in European Wax Center in the fourth quarter worth about $2,745,000. Federated Hermes Inc. bought a new position in European Wax Center in the first quarter worth about $1,543,000. Finally, Woodline Partners LP raised its holdings in European Wax Center by 92.7% in the fourth quarter. Woodline Partners LP now owns 643,755 shares of the company’s stock worth $4,294,000 after purchasing an additional 309,673 shares in the last quarter. 82.14% of the stock is currently owned by institutional investors.

About European Wax Center

(Get Free Report

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.

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