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

Shares of European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) have been assigned a consensus rating of "Hold" from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $7.00.

A number of analysts recently commented on EWCZ shares. Citigroup lifted their price objective on European Wax Center from $4.50 to $6.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Telsey Advisory Group reiterated a "market perform" rating and issued a $5.00 price objective on shares of European Wax Center in a research report on Thursday, May 15th. Truist Financial boosted their target price on European Wax Center from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded European Wax Center from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

Hedge Funds Weigh In On European Wax Center

Several institutional investors have recently modified their holdings of EWCZ. Janney Montgomery Scott LLC bought a new stake in European Wax Center in the 1st quarter valued at approximately $333,000. Bank of America Corp DE lifted its stake in European Wax Center by 53.9% in the 4th quarter. Bank of America Corp DE now owns 591,788 shares of the company's stock valued at $3,947,000 after acquiring an additional 207,377 shares in the last quarter. Two Sigma Investments LP lifted its stake in European Wax Center by 32.9% in the 4th quarter. Two Sigma Investments LP now owns 416,361 shares of the company's stock valued at $2,777,000 after acquiring an additional 103,042 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in European Wax Center in the 4th quarter valued at approximately $376,000. Finally, Two Sigma Advisers LP lifted its stake in European Wax Center by 61.7% in the 4th quarter. Two Sigma Advisers LP now owns 135,200 shares of the company's stock valued at $902,000 after acquiring an additional 51,600 shares in the last quarter. Institutional investors own 82.14% of the company's stock.

European Wax Center Stock Performance

Shares of NASDAQ:EWCZ opened at $5.22 on Tuesday. European Wax Center has a twelve month low of $2.72 and a twelve month high of $10.28. The firm has a market cap of $288.17 million, a PE ratio of 26.10, a price-to-earnings-growth ratio of 0.59 and a beta of 1.50. The company has a debt-to-equity ratio of 3.79, a quick ratio of 2.18 and a current ratio of 2.71. The business has a fifty day moving average of $5.33 and a 200-day moving average of $5.28.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates 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%. On average, equities research analysts predict 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.

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