European Wax Center (NASDAQ:EWCZ) Stock Rating Reaffirmed by Telsey Advisory Group

European Wax Center (NASDAQ:EWCZ - Get Free Report)'s stock had its "outperform" rating reissued by Telsey Advisory Group in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $18.00 price target on the stock. Telsey Advisory Group's price target would suggest a potential upside of 57.48% from the company's current price.

European Wax Center Trading Up 4.9 %

NASDAQ:EWCZ traded up $0.53 during trading hours on Wednesday, hitting $11.43. 2,220,108 shares of the company were exchanged, compared to its average volume of 530,163. The stock has a market capitalization of $694.60 million, a price-to-earnings ratio of 64.94, a price-to-earnings-growth ratio of 1.86 and a beta of 1.26. European Wax Center has a one year low of $10.72 and a one year high of $20.00. The company has a fifty day simple moving average of $12.25 and a 200 day simple moving average of $13.65. The company has a current ratio of 2.52, a quick ratio of 1.98 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 for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $56.33 million during the quarter, compared to analysts' expectations of $53.98 million. European Wax Center had a net margin of 4.04% and a return on equity of 6.69%. Sell-side analysts expect that European Wax Center will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bamco Inc. NY raised its position in shares of European Wax Center by 18.5% during the third quarter. Bamco Inc. NY now owns 4,126,159 shares of the company's stock worth $66,844,000 after purchasing an additional 642,726 shares during the period. Champlain Investment Partners LLC raised its holdings in European Wax Center by 13.1% during the first quarter. Champlain Investment Partners LLC now owns 3,745,511 shares of the company's stock worth $48,617,000 after buying an additional 435,270 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of European Wax Center by 3.5% in the fourth quarter. Wellington Management Group LLP now owns 2,279,389 shares of the company's stock valued at $30,977,000 after buying an additional 77,334 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of European Wax Center by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,203,893 shares of the company's stock valued at $35,703,000 after buying an additional 52,893 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of European Wax Center by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,889,324 shares of the company's stock valued at $24,523,000 after buying an additional 29,918 shares during the last quarter. 82.14% of the stock is owned by institutional investors and hedge funds.

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.