Analysts Set European Wax Center, Inc. (NASDAQ:EWCZ) Target Price at $7.00

European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) has been assigned a consensus rating of "Hold" from the seven ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $7.00.

A number of research analysts recently commented on EWCZ shares. Truist Financial boosted their price target on European Wax Center from $5.00 to $6.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen raised European Wax Center from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Jefferies Financial Group set a $15.00 price target on European Wax Center in a report on Tuesday, March 11th. Citigroup boosted their price target on European Wax Center from $4.50 to $6.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Finally, Morgan Stanley lowered their price target on European Wax Center from $5.00 to $4.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th.

Institutional Investors Weigh In On European Wax Center

Large investors have recently bought and sold shares of the business. Highland Peak Capital LLC bought a new stake in European Wax Center in the fourth quarter worth $2,745,000. Interval Partners LP bought a new stake in European Wax Center in the fourth quarter worth $1,234,000. CenterBook Partners LP increased its position 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 during the last quarter. Balyasny Asset Management L.P. increased its position in European Wax Center by 31.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 399,228 shares of the company's stock worth $2,663,000 after purchasing an additional 96,626 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in 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 worth $8,817,000 after purchasing an additional 667,723 shares during the last quarter. Institutional investors own 82.14% of the company's stock.

European Wax Center Stock Performance

Shares of EWCZ stock traded down $0.18 during trading hours on Monday, reaching $5.26. 539,251 shares of the company traded hands, compared to its average volume of 801,627. European Wax Center has a 12-month low of $2.72 and a 12-month high of $12.04. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. The company has a market cap of $290.38 million, a P/E ratio of 22.87, a P/E/G ratio of 1.72 and a beta of 1.17. The firm has a 50-day moving average price of $3.90 and a 200 day moving average price of $5.40.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.12. European Wax Center had a return on equity of 16.51% and a net margin of 4.96%. The firm had revenue of $51.43 million for the quarter, compared to analysts' expectations of $49.70 million. As a group, sell-side analysts predict that European Wax Center will post 0.26 earnings per share 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.