European Wax Center, Inc. (NASDAQ:EWCZ) Receives $6.94 Consensus PT from Analysts

European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) has been given a consensus rating of "Hold" by the seven analysts that are covering the company, MarketBeat.com reports. One 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 1-year price target among brokers that have issued a report on the stock in the last year is $6.94.

EWCZ has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $15.00 target price on shares of European Wax Center in a research note on Tuesday, March 11th. Telsey Advisory Group reissued a "market perform" rating and set a $6.00 target price on shares of European Wax Center in a research note on Tuesday, March 11th. Truist Financial dropped their price target on shares of European Wax Center from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird reduced their price target on shares of European Wax Center from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Finally, Morgan Stanley reduced their target price 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.

Hedge Funds Weigh In On European Wax Center

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. increased its position in European Wax Center by 102.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,321,817 shares of the company's stock worth $8,817,000 after buying an additional 667,723 shares during the period. CenterBook Partners LP lifted its position in European Wax Center by 42.2% in the 4th quarter. CenterBook Partners LP now owns 1,717,249 shares of the company's stock valued at $11,454,000 after acquiring an additional 509,991 shares in the last quarter. Highland Peak Capital LLC bought a new position in European Wax Center during the 4th quarter valued at $2,745,000. Woodline Partners LP lifted its position in shares of European Wax Center by 92.7% during the fourth quarter. Woodline Partners LP now owns 643,755 shares of the company's stock valued at $4,294,000 after purchasing an additional 309,673 shares in the last quarter. Finally, Marathon Partners Equity Management LLC bought a new position in shares of European Wax Center during the 4th quarter worth approximately $1,834,000. 82.14% of the stock is owned by institutional investors.

European Wax Center Stock Up 8.4 %

European Wax Center stock traded up $0.26 during trading on Thursday, reaching $3.36. 806,098 shares of the company's stock were exchanged, compared to its average volume of 780,315. European Wax Center has a 52-week low of $2.72 and a 52-week high of $12.11. The firm has a market cap of $185.96 million, a price-to-earnings ratio of 14.61, a PEG ratio of 1.72 and a beta of 1.15. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17. The company's 50-day moving average is $4.10 and its two-hundred day moving average is $5.73.

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.