European Wax Center, Inc. (NASDAQ:EWCZ) Receives $7.00 Average Target Price from Analysts

Key Points

• European Wax Center, Inc. has received a consensus rating of "Hold" from analysts, with an average 12-month price target of $7.00.
• Recent quarterly earnings showed the company reporting $0.17 earnings per share, surpassing expectations, with a revenue of $51.43 million.
• Institutional investors own approximately 82.14% of European Wax Center's stock, indicating robust interest from larger financial entities.

Shares of European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $7.00.

A number of research analysts recently issued reports on the company. Telsey Advisory Group reiterated a "market perform" rating and issued a $5.00 target price on shares of European Wax Center in a report on Wednesday, August 6th. 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 research report on Thursday, May 15th. Wall Street Zen cut European Wax Center from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Citigroup upped their target price on shares of European Wax Center from $4.50 to $6.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th.

European Wax Center Stock Up 11.8%

Shares of NASDAQ EWCZ traded up $0.52 during midday trading on Friday, hitting $4.93. The company's stock had a trading volume of 662,682 shares, compared to its average volume of 652,140. The business's fifty day simple moving average is $5.26 and its two-hundred day simple moving average is $5.03. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.71 and a quick ratio of 2.18. European Wax Center has a 1 year low of $2.72 and a 1 year high of $8.91. The firm has a market capitalization of $272.24 million, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 0.41 and a beta of 1.48.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.12. European Wax Center had a net margin of 4.38% and a return on equity of 23.65%. On average, equities analysts predict that European Wax Center will post 0.26 EPS for the current year.

Institutional Investors Weigh In On European Wax Center

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ararat Capital Management LP boosted its holdings in European Wax Center by 8.1% in the fourth quarter. Ararat Capital Management LP now owns 2,418,693 shares of the company's stock valued at $16,133,000 after purchasing an additional 181,449 shares in the last quarter. MIG Capital LLC lifted its position in shares of European Wax Center by 65.8% during the 2nd quarter. MIG Capital LLC now owns 2,057,186 shares of the company's stock worth $11,582,000 after buying an additional 816,657 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of 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 last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of European Wax Center in the 2nd quarter valued at $5,524,000. Finally, CenterBook Partners LP grew its position in shares of European Wax Center by 14.1% in the 2nd quarter. CenterBook Partners LP now owns 814,171 shares of the company's stock valued at $4,584,000 after buying an additional 100,455 shares during the last quarter. Institutional investors and hedge funds own 82.14% of the company's stock.

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.