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

Key Points

• European Wax Center, Inc. has received a consensus recommendation of "Hold" from six research firms, with one analyst rating it as a sell, four as hold, and one as buy.
• The average target price for the company's stock is $6.93, with recent changes from various analysts affecting the price targets significantly.
• Currently, approximately 82.14% of European Wax Center's stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.

European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) has been assigned an average recommendation of "Hold" from the six research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $6.9286.

EWCZ has been the subject of a number of recent research reports. Robert W. Baird set a $5.50 target price on shares of European Wax Center in a research report on Thursday, August 14th. Wall Street Zen lowered shares of European Wax Center from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Telsey Advisory Group restated a "market perform" rating and issued a $5.00 price target on shares of European Wax Center in a research report on Wednesday, August 13th. Truist Financial increased their price target on European Wax Center from $5.00 to $6.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Citigroup upped their target price on European Wax Center from $4.50 to $6.00 and gave the company a "neutral" rating in a report on Monday, May 19th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in European Wax Center by 46.6% in the fourth quarter. Wells Fargo & Company MN now owns 15,836 shares of the company's stock valued at $106,000 after buying an additional 5,033 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of European Wax Center during the fourth quarter worth $290,000. Barclays PLC boosted its position in shares of European Wax Center by 2.7% during the fourth quarter. Barclays PLC now owns 58,064 shares of the company's stock worth $388,000 after buying an additional 1,554 shares during the period. Hsbc Holdings PLC grew its stake in shares of European Wax Center by 20.4% in the fourth quarter. Hsbc Holdings PLC now owns 37,402 shares of the company's stock valued at $247,000 after buying an additional 6,348 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in European Wax Center by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock valued at $84,000 after acquiring an additional 1,582 shares in the last quarter. 82.14% of the stock is currently owned by institutional investors and hedge funds.

European Wax Center Price Performance

Shares of European Wax Center stock traded down $0.04 during mid-day trading on Wednesday, reaching $4.25. 336,595 shares of the stock traded hands, compared to its average volume of 638,797. The stock has a market capitalization of $234.69 million, a PE ratio of 21.25, a PEG ratio of 0.39 and a beta of 1.48. The business has a 50-day moving average of $4.86 and a 200 day moving average of $4.78. European Wax Center has a fifty-two week low of $2.72 and a fifty-two week high of $8.91. The company has a quick ratio of 2.76, a current ratio of 3.38 and a debt-to-equity ratio of 3.53.

About European Wax Center

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.