European Wax Center (NASDAQ:EWCZ) Earns Market Perform Rating from Telsey Advisory Group

Key Points

• Telsey Advisory Group reissued a Market Perform rating on European Wax Center (NASDAQ:EWCZ) with a $5.80 price target, implying only about a 1.2% upside; MarketBeat shows the consensus rating is Hold with an average target of $7.37.
• European Wax Center missed quarterly EPS (‑$0.01 vs. $0.04 expected); the company has a $311.5M market cap, a P/E of 22.04 and a one‑year trading range of $2.72–$6.51.
• Institutional ownership is high at 82.14%, with recent stake increases from AQR and Invesco and a new large position by Veradace Capital Management.

European Wax Center (NASDAQ:EWCZ - Get Free Report)'s stock had its "market perform" rating reissued by equities research analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $5.80 price target on the stock. Telsey Advisory Group's price target would suggest a potential upside of 1.22% from the stock's previous close.

A number of other research analysts also recently issued reports on the stock. Wall Street Zen raised shares of European Wax Center from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a "sell (d+)" rating on shares of European Wax Center in a research report on Thursday, January 29th. Zacks Research upgraded shares of European Wax Center from a "hold" rating to a "strong-buy" rating in a report on Monday, January 26th. Morgan Stanley set a $5.80 price objective on European Wax Center and gave the company an "equal weight" rating in a research report on Wednesday, February 11th. Finally, Truist Financial lowered European Wax Center from a "buy" rating to a "hold" rating and decreased their target price for the stock from $6.00 to $5.80 in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.37.

European Wax Center Stock Down 0.2%

Shares of NASDAQ:EWCZ opened at $5.73 on Thursday. The stock's 50-day moving average is $4.51 and its 200 day moving average is $4.12. The company has a market cap of $311.48 million, a PE ratio of 22.04, a P/E/G ratio of 0.54 and a beta of 1.38. The company has a debt-to-equity ratio of 3.57, a current ratio of 3.67 and a quick ratio of 3.14. European Wax Center has a 1 year low of $2.72 and a 1 year high of $6.51.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last released its quarterly earnings data on Tuesday, March 10th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). European Wax Center had a return on equity of 33.41% and a net margin of 5.32%. Sell-side analysts anticipate that European Wax Center will post 0.26 EPS for the current year.

Hedge Funds Weigh In On European Wax Center

Several large investors have recently modified their holdings of EWCZ. Invesco Ltd. boosted its stake in European Wax Center by 15.6% in the 4th quarter. Invesco Ltd. now owns 128,971 shares of the company's stock worth $464,000 after purchasing an additional 17,439 shares in the last quarter. Veradace Capital Management LLC purchased a new position in European Wax Center in the fourth quarter worth about $6,522,000. Man Group plc lifted its stake in shares of European Wax Center by 4.6% in the fourth quarter. Man Group plc now owns 207,204 shares of the company's stock worth $746,000 after buying an additional 9,031 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of European Wax Center by 16.6% during the fourth quarter. AQR Capital Management LLC now owns 806,639 shares of the company's stock valued at $2,904,000 after buying an additional 115,076 shares during the last quarter. Finally, Jain Global LLC purchased a new stake in shares of European Wax Center during the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 82.14% of the company's stock.

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.

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