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

Key Points

• Analysts assign EWCZ a consensus "Reduce" rating from six analysts (one sell, five hold) with an average 12‑month target of $5.84, and several brokerages recently set targets around $5.80 while downgrading to hold.
• The stock trades near $5.84 with a market capitalization of $318.5M, a P/E of 27.8 and PEG of 0.55, sits between its 50‑day ($5.65) and 200‑day ($4.45) moving averages, and has a 52‑week range of $2.95–$6.51.
• European Wax Center shows high leverage (debt‑to‑equity of 3.57) but solid liquidity (current ratio 2.70, quick ratio 2.29), and approximately 82.14% of shares are held by institutional investors.

European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) has received an average recommendation of "Reduce" from the six analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $5.84.

Several brokerages recently weighed in on EWCZ. Robert W. Baird set a $5.80 price target on European Wax Center in a research report on Wednesday, February 11th. Zacks Research cut shares of European Wax Center from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 13th. Truist Financial cut shares of European Wax Center from a "buy" rating to a "hold" rating and decreased their target price for the company from $6.00 to $5.80 in a research note on Tuesday, February 10th. Morgan Stanley set a $5.80 price target on shares of European Wax Center and gave the company an "equal weight" rating in a research report on Wednesday, February 11th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $5.80 price objective on shares of European Wax Center in a report on Thursday, March 5th.

European Wax Center Stock Performance

NASDAQ EWCZ opened at $5.84 on Thursday. The firm has a market capitalization of $318.51 million, a P/E ratio of 27.81, a PEG ratio of 0.55 and a beta of 1.32. The stock has a 50-day simple moving average of $5.65 and a two-hundred day simple moving average of $4.45. The company has a debt-to-equity ratio of 3.57, a quick ratio of 2.29 and a current ratio of 2.70. European Wax Center has a fifty-two week low of $2.95 and a fifty-two week high of $6.51.

Institutional Trading of European Wax Center

Several institutional investors have recently bought and sold shares of EWCZ. M&T Bank Corp acquired a new stake in European Wax Center in the 4th quarter valued at about $40,000. Ritholtz Wealth Management acquired a new position in shares of European Wax Center during the 3rd quarter worth approximately $41,000. R Squared Ltd purchased a new stake in shares of European Wax Center in the third quarter valued at approximately $47,000. Brooklyn Investment Group acquired a new stake in shares of European Wax Center in the third quarter valued at approximately $47,000. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of European Wax Center in the third quarter valued at approximately $48,000. 82.14% of the stock is owned by institutional investors and hedge funds.

About European Wax Center

European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.

Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.