European Wax Center (EWCZ) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for European Wax Center in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EWCZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EWCZ, but not buy additional shares or sell existing shares.
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5 brokers have issued 12-month target prices for European Wax Center's stock. Their EWCZ share price forecasts range from $16.00 to $27.00. On average, they expect the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price.
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European Wax Center's stock was trading at $12.45 at the beginning of the year. Since then, EWCZ stock has increased by 38.6% and is now trading at $17.25.
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European Wax Center saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,490,000 shares, an increase of 5.2% from the April 30th total of 4,270,000 shares. Based on an average daily volume of 371,800 shares, the days-to-cover ratio is currently 12.1 days. Currently, 13.5% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our EWCZ earnings forecast.

European Wax Center, Inc. (NASDAQ:EWCZ) issued its quarterly earnings data on Thursday, March, 9th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.05 by $1.13. The business earned $53.52 million during the quarter, compared to analysts' expectations of $51.32 million. European Wax Center had a trailing twelve-month return on equity of 42.57% and a net margin of 2.31%.

European Wax Center issued an update on its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $222.00 million-$229.00 million, compared to the consensus revenue estimate of $227.25 million.

(EWCZ) raised $175 million in an initial public offering (IPO) on Thursday, August 5th 2021. The company issued 10,600,000 shares at a price of $15.00-$18.00 per share.

European Wax Center trades on the NASDAQ under the ticker symbol "EWCZ."

European Wax Center's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Champlain Investment Partners LLC (3.92%), FMR LLC (2.99%), BlackRock Inc. (2.75%), TimesSquare Capital Management LLC (2.39%), Federated Hermes Inc. (1.95%) and American Century Companies Inc. (1.68%). Insiders that own company stock include Atlantic Genpar (Ew) General, David L Willis, David P Berg, Dorvin D Lively, Ewc Holdings, Inc and Jyoti A Lynch.
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Shares of EWCZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EWCZ stock can currently be purchased for approximately $17.25.

European Wax Center (NASDAQ:EWCZ) has a market capitalization of $1.08 billion and generates $211.82 million in revenue each year. The company earns $7.28 million in net income (profit) each year or $0.11 on an earnings per share basis.

The company employs 111 workers across the globe.

The official website for the company is www.waxcenter.com. The company can be reached via phone at 469-264-8123 or via email at ir@myewc.com.