European Wax Center (NASDAQ:EWCZ) Sets New 1-Year Low at $11.85

European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $11.85 and last traded at $12.00, with a volume of 15262 shares. The stock had previously closed at $12.49.

Wall Street Analysts Forecast Growth

EWCZ has been the topic of a number of recent research reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $18.00 price objective on shares of European Wax Center in a report on Wednesday, March 6th. Piper Sandler upped their target price on European Wax Center from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Thursday, January 11th.

European Wax Center Price Performance

The firm has a market capitalization of $720.12 million, a price-to-earnings ratio of 69.29, a P/E/G ratio of 2.04 and a beta of 1.25. The company's 50 day moving average is $13.85 and its 200 day moving average is $14.37. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 3.19.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. European Wax Center had a net margin of 4.04% and a return on equity of 6.69%. The firm had revenue of $56.33 million during the quarter, compared to the consensus estimate of $53.98 million. On average, equities research analysts anticipate that European Wax Center, Inc. will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On European Wax Center

A number of hedge funds have recently added to or reduced their stakes in the stock. Bamco Inc. NY increased its holdings in European Wax Center by 18.5% in the 3rd quarter. Bamco Inc. NY now owns 4,126,159 shares of the company's stock valued at $66,844,000 after buying an additional 642,726 shares during the period. Alliancebernstein L.P. increased its stake in European Wax Center by 17.0% in the third quarter. Alliancebernstein L.P. now owns 2,737,555 shares of the company's stock valued at $50,508,000 after acquiring an additional 398,115 shares during the last quarter. BlackRock Inc. raised its position in European Wax Center by 37.1% during the second quarter. BlackRock Inc. now owns 2,363,538 shares of the company's stock valued at $44,033,000 after purchasing an additional 639,928 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of European Wax Center by 3.5% in the 4th quarter. Wellington Management Group LLP now owns 2,279,389 shares of the company's stock valued at $30,977,000 after purchasing an additional 77,334 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of European Wax Center by 2.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,203,893 shares of the company's stock valued at $35,703,000 after purchasing an additional 52,893 shares during the last quarter. Institutional investors own 82.14% of the company's stock.

European Wax Center Company Profile

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.