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

Key Points

• European Wax Center has a consensus broker rating of "Reduce", with six analysts covering the stock: one sell and five hold ratings. The average 12-month price target is $5.84.
• Recent analyst updates have been mostly cautious, including target prices around $5.80 from Robert W. Baird, Morgan Stanley, and Telsey Advisory Group, while Zacks Research downgraded the stock from strong-buy to hold.
• The stock opened at $5.82 and has a market cap of about $317.4 million; hedge funds and other institutional investors hold a large majority of shares, at 82.14%.

Shares of European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) have received an average recommendation of "Reduce" from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $5.84.

A number of brokerages have recently weighed in on EWCZ. Robert W. Baird set a $5.80 price target on European Wax Center in a research report on Wednesday, February 11th. Weiss Ratings restated a "sell (d+)" rating on shares of European Wax Center in a research report on Thursday, January 29th. Morgan Stanley set a $5.80 price target on European Wax Center and gave the company an "equal weight" rating in a research report on Wednesday, February 11th. Zacks Research cut European Wax Center from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 13th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $5.80 price target on shares of European Wax Center in a report on Thursday, March 5th.

Institutional Trading of European Wax Center

Several institutional investors and hedge funds have recently modified their holdings of EWCZ. Ararat Capital Management LP raised its stake in European Wax Center by 26.3% in the 3rd quarter. Ararat Capital Management LP now owns 3,114,767 shares of the company's stock valued at $12,428,000 after purchasing an additional 647,770 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of European Wax Center by 41.7% during the third quarter. Hillsdale Investment Management Inc. now owns 1,389,830 shares of the company's stock worth $5,545,000 after buying an additional 408,723 shares in the last quarter. Kazazian Asset Management LLC grew its holdings in shares of European Wax Center by 107.7% during the third quarter. Kazazian Asset Management LLC now owns 335,000 shares of the company's stock worth $1,337,000 after buying an additional 173,707 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of European Wax Center in the third quarter valued at approximately $433,000. Finally, M&T Bank Corp purchased a new position in shares of European Wax Center during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 82.14% of the company's stock.

European Wax Center Price Performance

EWCZ stock opened at $5.82 on Monday. The firm has a 50 day moving average of $5.79 and a 200-day moving average of $4.67. European Wax Center has a 12-month low of $3.24 and a 12-month high of $6.51. The company has a current ratio of 2.70, a quick ratio of 2.29 and a debt-to-equity ratio of 3.57. The company has a market cap of $317.41 million, a price-to-earnings ratio of 27.71, a PEG ratio of 0.67 and a beta of 1.23.

About European Wax Center

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.

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