Analysts Set European Wax Center, Inc. (NASDAQ:EWCZ) Target Price at $6.94

Shares of European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) have been assigned an average recommendation of "Hold" from the seven analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $6.94.

Several equities research analysts have weighed in on EWCZ shares. Robert W. Baird decreased 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 research note on Wednesday, March 12th. Piper Sandler downgraded shares of European Wax Center from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $9.00 to $7.00 in a research report on Monday, January 6th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 price target on shares of European Wax Center in a research report on Tuesday, March 11th. Jefferies Financial Group set a $15.00 price objective on European Wax Center in a report on Tuesday, March 11th. Finally, Truist Financial dropped their target price on European Wax Center from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th.

European Wax Center Trading Up 1.7 %

EWCZ traded up $0.06 during trading on Thursday, hitting $3.24. The company's stock had a trading volume of 1,275,660 shares, compared to its average volume of 790,101. The firm has a market capitalization of $179.04 million, a P/E ratio of 14.07, a PEG ratio of 1.72 and a beta of 1.17. European Wax Center has a twelve month low of $2.72 and a twelve month high of $12.05. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81. The stock's fifty day moving average price is $3.97 and its 200-day moving average price is $5.66.

Institutional Investors Weigh In On European Wax Center

Institutional investors have recently made changes to their positions in the stock. Two Sigma Securities LLC purchased a new position in shares of European Wax Center during the 4th quarter valued at $83,000. Price T Rowe Associates Inc. MD grew its position in European Wax Center by 14.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock worth $84,000 after buying an additional 1,582 shares in the last quarter. Oxford Asset Management LLP bought a new position in European Wax Center in the 4th quarter worth about $88,000. Royce & Associates LP raised its holdings in shares of European Wax Center by 59.3% in the 1st quarter. Royce & Associates LP now owns 23,411 shares of the company's stock valued at $92,000 after acquiring an additional 8,713 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of European Wax Center by 12.3% during the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company's stock valued at $103,000 after acquiring an additional 1,690 shares during the last quarter. Hedge funds and other institutional investors own 82.14% of the company's stock.

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.