European Wax Center (NASDAQ:EWCZ) Sets New 1-Year Low at $11.13

European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $11.13 and last traded at $11.33, with a volume of 15443 shares. The stock had previously closed at $11.43.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EWCZ. Piper Sandler raised their price target on shares of European Wax Center from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Thursday, January 11th. Telsey Advisory Group restated an "outperform" rating and set a $18.00 price target on shares of European Wax Center in a report on Wednesday, March 6th.

European Wax Center Price Performance

The company has a current ratio of 2.52, a quick ratio of 1.98 and a debt-to-equity ratio of 3.19. The company's fifty day moving average is $13.51 and its two-hundred day moving average is $14.20. The stock has a market cap of $679.41 million, a price-to-earnings ratio of 65.76, a P/E/G ratio of 1.92 and a beta of 1.25.

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

Institutional Investors Weigh In On European Wax Center

Several institutional investors have recently modified their holdings of EWCZ. Royal Bank of Canada lifted its position in European Wax Center by 29.4% in the second quarter. Royal Bank of Canada now owns 3,710 shares of the company's stock valued at $69,000 after acquiring an additional 842 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in European Wax Center by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,220 shares of the company's stock valued at $812,000 after acquiring an additional 847 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in European Wax Center by 43.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,926 shares of the company's stock valued at $54,000 after acquiring an additional 889 shares during the last quarter. Diversified Trust Co lifted its position in European Wax Center by 4.5% in the fourth quarter. Diversified Trust Co now owns 22,365 shares of the company's stock valued at $304,000 after acquiring an additional 970 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in European Wax Center by 3.5% in the third quarter. California State Teachers Retirement System now owns 31,684 shares of the company's stock valued at $585,000 after acquiring an additional 1,082 shares during the last quarter. 82.14% of the stock is owned by hedge funds and other institutional investors.

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.