European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) has been given a consensus rating of "Hold" by the seven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.00.
Several equities analysts have recently weighed in on the company. Truist Financial lifted 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. Robert W. Baird cut their target price 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. Wall Street Zen lowered European Wax Center from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Telsey Advisory Group reissued a "market perform" rating and issued a $5.00 price target on shares of European Wax Center in a report on Thursday, May 15th. Finally, Citigroup raised their price objective on shares of European Wax Center from $4.50 to $6.00 and gave the company a "neutral" rating in a research report on Monday, May 19th.
Read Our Latest Report on EWCZ
European Wax Center Price Performance
NASDAQ EWCZ opened at $5.53 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.71 and a debt-to-equity ratio of 3.79. The company has a market cap of $305.28 million, a PE ratio of 27.65, a price-to-earnings-growth ratio of 0.61 and a beta of 1.48. European Wax Center has a 52 week low of $2.72 and a 52 week high of $11.03. The firm's 50-day simple moving average is $4.53 and its two-hundred day simple moving average is $5.32.
European Wax Center (NASDAQ:EWCZ - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.12. European Wax Center had a net margin of 4.38% and a return on equity of 23.65%. The company had revenue of $51.43 million for the quarter, compared to analysts' expectations of $49.70 million. Research analysts predict that European Wax Center will post 0.26 earnings per share for the current year.
Institutional Trading of European Wax Center
A number of large investors have recently modified their holdings of EWCZ. Voya Investment Management LLC increased its position in shares of European Wax Center by 43.4% in the first quarter. Voya Investment Management LLC now owns 57,538 shares of the company's stock worth $227,000 after purchasing an additional 17,417 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in European Wax Center by 50.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 505,183 shares of the company's stock worth $1,995,000 after buying an additional 168,900 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in European Wax Center in the 1st quarter worth approximately $458,000. Interval Partners LP increased its holdings in shares of European Wax Center by 25.9% in the 1st quarter. Interval Partners LP now owns 232,850 shares of the company's stock worth $920,000 after buying an additional 47,850 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of European Wax Center by 294.3% during the 1st quarter. AQR Capital Management LLC now owns 223,120 shares of the company's stock valued at $881,000 after buying an additional 166,532 shares in the last quarter. Institutional investors own 82.14% of the company's stock.
About European Wax Center
(
Get Free ReportEuropean 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider European Wax Center, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and European Wax Center wasn't on the list.
While European Wax Center currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
