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

Shares of European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) have received a consensus rating of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $7.00.

A number of equities analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on European Wax Center from $5.00 to $4.00 and set an "underweight" rating for the company in a research note on Wednesday, March 12th. Jefferies Financial Group set a $15.00 price target on European Wax Center in a research note on Tuesday, March 11th. Wall Street Zen lowered European Wax Center from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 14th. 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 note on Thursday, May 15th. Finally, Robert W. Baird dropped their price target on 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.

Institutional Investors Weigh In On European Wax Center

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ararat Capital Management LP raised its position in European Wax Center by 8.1% during 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 during the period. CenterBook Partners LP raised its holdings in shares of European Wax Center by 42.2% in the fourth quarter. CenterBook Partners LP now owns 1,717,249 shares of the company's stock worth $11,454,000 after buying an additional 509,991 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of European Wax Center by 102.1% in the fourth 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. Woodline Partners LP raised its holdings in shares of European Wax Center by 92.7% in the fourth quarter. Woodline Partners LP now owns 643,755 shares of the company's stock worth $4,294,000 after buying an additional 309,673 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of European Wax Center by 53.9% in the fourth quarter. Bank of America Corp DE now owns 591,788 shares of the company's stock worth $3,947,000 after buying an additional 207,377 shares during the period. 82.14% of the stock is currently owned by hedge funds and other institutional investors.

European Wax Center Price Performance

Shares of NASDAQ EWCZ traded up $0.11 during mid-day trading on Friday, reaching $5.78. The company's stock had a trading volume of 593,097 shares, compared to its average volume of 814,418. The firm has a market capitalization of $319.11 million, a PE ratio of 28.90, a P/E/G ratio of 0.62 and a beta of 1.47. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.71 and a quick ratio of 2.18. The stock has a fifty day moving average of $4.63 and a two-hundred day moving average of $5.30. European Wax Center has a 52 week low of $2.72 and a 52 week high of $11.00.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.12. The firm had revenue of $51.43 million during the quarter, compared to analyst estimates of $49.70 million. European Wax Center had a return on equity of 23.65% and a net margin of 4.38%. As a group, sell-side analysts anticipate that European Wax Center will post 0.26 EPS for the current fiscal year.

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.