European Wax Center, Inc. (NASDAQ:EWCZ) Receives Average Rating of "Hold" from Analysts

European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) has received an average rating of "Hold" from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.00.

EWCZ has been the subject of a number of analyst reports. Truist Financial boosted their price objective on European Wax Center from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded European Wax Center from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reiterated a "market perform" rating and issued a $5.00 target price on shares of European Wax Center in a research note on Thursday, May 15th. Morgan Stanley cut their target price on European Wax Center from $5.00 to $4.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group set a $15.00 target price on European Wax Center in a research note on Tuesday, March 11th.

Institutional Investors Weigh In On European Wax Center

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Securities LLC bought a new stake in shares of European Wax Center during the fourth quarter valued at about $83,000. Price T Rowe Associates Inc. MD increased its position in shares of European Wax Center by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock worth $84,000 after acquiring an additional 1,582 shares in the last quarter. Oxford Asset Management LLP purchased a new position in European Wax Center during the 4th quarter valued at about $88,000. Royce & Associates LP grew its stake in European Wax Center by 59.3% during the 1st quarter. Royce & Associates LP now owns 23,411 shares of the company's stock valued at $92,000 after acquiring an additional 8,713 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in European Wax Center by 12.3% during the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company's stock valued at $103,000 after acquiring an additional 1,690 shares in the last quarter. 82.14% of the stock is currently owned by institutional investors.

European Wax Center Stock Performance

Shares of European Wax Center stock traded up $0.29 during trading hours on Monday, reaching $5.44. The company's stock had a trading volume of 755,386 shares, compared to its average volume of 802,677. European Wax Center has a one year low of $2.72 and a one year high of $12.04. The company's 50 day simple moving average is $3.87 and its 200 day simple moving average is $5.40. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17. The stock has a market cap of $300.32 million, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.12. The company had revenue of $51.43 million during the quarter, compared to the consensus estimate of $49.70 million. European Wax Center had a return on equity of 16.51% and a net margin of 4.96%. As a group, analysts expect that European Wax Center will post 0.26 EPS for the current fiscal year.

European Wax Center Company Profile

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.