European Wax Center (NASDAQ:EWCZ) Stock Rating Upgraded by Wall Street Zen

European Wax Center (NASDAQ:EWCZ - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

Several other brokerages have also weighed in on EWCZ. Telsey Advisory Group reiterated a "market perform" rating and issued a $5.00 price objective on shares of European Wax Center in a research report on Thursday, May 15th. Citigroup raised their price target on European Wax Center from $4.50 to $6.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Finally, Truist Financial raised their price target on European Wax Center from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $7.00.

European Wax Center Price Performance

Shares of NASDAQ:EWCZ traded down $0.16 during midday trading on Friday, hitting $5.35. The company had a trading volume of 229,860 shares, compared to its average volume of 808,850. European Wax Center has a twelve month low of $2.72 and a twelve month high of $10.39. 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 market cap of $295.37 million, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 0.61 and a beta of 1.50. The business's 50-day simple moving average is $5.29 and its 200-day simple moving average is $5.30.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.05 by $0.12. European Wax Center had a return on equity of 23.65% and a net margin of 4.38%. The firm had revenue of $51.43 million during the quarter, compared to analysts' expectations of $49.70 million. On average, research analysts predict that European Wax Center will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC purchased a new position in European Wax Center in the second quarter valued at $68,000. Two Sigma Securities LLC purchased a new position in European Wax Center in the fourth quarter valued at $83,000. Price T Rowe Associates Inc. MD raised its stake in European Wax Center by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock valued at $84,000 after buying an additional 1,582 shares in the last quarter. Oxford Asset Management LLP acquired a new stake in European Wax Center in the fourth quarter valued at $88,000. Finally, Wells Fargo & Company MN raised its stake in European Wax Center by 46.6% in the fourth quarter. Wells Fargo & Company MN now owns 15,836 shares of the company's stock valued at $106,000 after buying an additional 5,033 shares in the last quarter. 82.14% of the stock is currently owned by hedge funds and other institutional investors.

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.