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

Key Points

• European Wax Center, Inc. (NASDAQ:EWCZ) has received an average recommendation of "Hold" from six brokerages, with one sell rating, four holds, and one buy.
• Recent reports indicate a consensus 12-month price target of $6.93 for the stock, with varying estimates from different analysts.
• Institutional investors hold a significant 82.14% of the company's stock, reflecting strong interest and investment in European Wax Center.

Shares of European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) have been given a consensus rating of "Hold" by the six research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $6.9286.

EWCZ has been the topic of several research reports. Robert W. Baird set a $5.50 price objective on shares of European Wax Center in a research note on Thursday, August 14th. Telsey Advisory Group reiterated a "market perform" rating and set a $5.00 price target on shares of European Wax Center in a research report on Wednesday, August 13th. Finally, Wall Street Zen downgraded European Wax Center from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd.

Institutional Trading of European Wax Center

Large investors have recently modified their holdings of the company. State of Wyoming lifted its position in European Wax Center by 133.0% in the 2nd quarter. State of Wyoming now owns 118,225 shares of the company's stock valued at $666,000 after purchasing an additional 67,483 shares during the last quarter. Monimus Capital Management LP acquired a new stake in shares of European Wax Center in the second quarter valued at approximately $809,000. Man Group plc bought a new stake in shares of European Wax Center during the second quarter valued at approximately $568,000. Engineers Gate Manager LP boosted its position in shares of European Wax Center by 144.1% during the second quarter. Engineers Gate Manager LP now owns 43,714 shares of the company's stock worth $246,000 after buying an additional 25,808 shares during the period. Finally, Jane Street Group LLC grew its holdings in European Wax Center by 41.3% in the 2nd quarter. Jane Street Group LLC now owns 40,226 shares of the company's stock worth $226,000 after buying an additional 11,759 shares in the last quarter. Institutional investors and hedge funds own 82.14% of the company's stock.

European Wax Center Trading Up 0.8%

NASDAQ EWCZ opened at $3.96 on Friday. The company has a market capitalization of $218.67 million, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 0.36 and a beta of 1.48. European Wax Center has a 12 month low of $2.72 and a 12 month high of $8.91. The company's fifty day moving average price is $4.38 and its two-hundred day moving average price is $4.52. The company has a debt-to-equity ratio of 3.53, a current ratio of 3.38 and a quick ratio of 2.76.

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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