European Wax Center (NASDAQ:EWCZ) Given Market Perform Rating at Telsey Advisory Group

Key Points

• Telsey Advisory Group has reaffirmed a "Market Perform" rating for European Wax Center (EWCZ), with a price target of $5.00, indicating a potential upside of 19.62% from its last closing price.
• European Wax Center recently reported an EPS of $0.17 for the last quarter, significantly exceeding the consensus estimate of $0.05, along with revenues of $51.43 million.
• The average rating for European Wax Center among analysts is currently "Hold", with a consensus target price of $7.00.

European Wax Center (NASDAQ:EWCZ - Get Free Report)'s stock had its "market perform" rating reaffirmed by investment analysts at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $5.00 target price on the stock. Telsey Advisory Group's price target suggests a potential upside of 19.90% from the stock's current price.

A number of other analysts have also recently weighed in on the stock. Wall Street Zen cut shares of European Wax Center from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Citigroup lifted their price objective on shares of European Wax Center from $4.50 to $6.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Finally, Truist Financial lifted their price target on European Wax Center from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.00.

European Wax Center Price Performance

EWCZ stock traded down $0.05 on Wednesday, reaching $4.17. 403,201 shares of the company's stock were exchanged, compared to its average volume of 384,260. The company has a quick ratio of 2.18, a current ratio of 2.71 and a debt-to-equity ratio of 3.79. The stock has a fifty day moving average of $5.31 and a 200-day moving average of $5.06. European Wax Center has a twelve month low of $2.72 and a twelve month high of $8.91. The firm has a market cap of $230.23 million, a PE ratio of 20.85, a P/E/G ratio of 0.40 and a beta of 1.48.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last released its 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 analyst estimates of $49.70 million. As a group, equities analysts predict that European Wax Center will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EWCZ. Vanguard Personalized Indexing Management LLC bought a new position in European Wax Center in the 2nd quarter worth approximately $60,000. Wealth Enhancement Advisory Services LLC acquired a new position in European Wax Center during the 2nd quarter worth approximately $68,000. Two Sigma Securities LLC acquired a new position in shares of European Wax Center during the 4th quarter worth about $83,000. Price T Rowe Associates Inc. MD increased its position in shares of European Wax Center by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock worth $84,000 after purchasing an additional 1,582 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new position in shares of European Wax Center in the 4th quarter valued at about $88,000. 82.14% of the stock is currently 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.