Robert W. Baird Lowers European Wax Center (NASDAQ:EWCZ) Price Target to $35.00

European Wax Center (NASDAQ:EWCZ – Get Rating) had its target price decreased by stock analysts at Robert W. Baird from $38.00 to $35.00 in a report issued on Friday, The Fly reports. Robert W. Baird’s target price indicates a potential upside of 25.09% from the stock’s previous close.

Separately, Zacks Investment Research downgraded shares of European Wax Center from a “hold” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, European Wax Center presently has an average rating of “Buy” and a consensus target price of $31.13.

NASDAQ EWCZ opened at $27.98 on Friday. The company has a fifty day simple moving average of $27.69 and a 200 day simple moving average of $27.28. European Wax Center has a 12-month low of $18.55 and a 12-month high of $34.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.36 and a quick ratio of 1.75.

European Wax Center (NASDAQ:EWCZ – Get Rating) last posted its quarterly earnings results on Tuesday, March 15th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.09. The business had revenue of $45.11 million during the quarter, compared to analyst estimates of $44.80 million. On average, equities analysts expect that European Wax Center will post 0.19 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. bought a new stake in shares of European Wax Center during the 3rd quarter worth $40,000. Royal Bank of Canada bought a new stake in shares of European Wax Center during the 3rd quarter worth $77,000. Metropolitan Life Insurance Co NY bought a new stake in shares of European Wax Center during the 3rd quarter worth $93,000. New York State Common Retirement Fund bought a new stake in shares of European Wax Center during the 3rd quarter worth $101,000. Finally, SG Americas Securities LLC bought a new stake in shares of European Wax Center during the 3rd quarter worth $138,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

About European Wax Center (Get Rating)

European Wax Center, Inc operates as a holding company for EWC Ventures, LLC that franchises and operates out-of-home waxing services in the United States. The company sells facial and body waxing products to franchisees. It offers Brazilian, body, brow, facial hair, and fast waxing services, as well as services related to men; and laser hair removal, sugaring, and threading services, as well as in-home solutions, such as shaving, chemical-based creams, epilators, at-home laser hair removal, and at-home waxing.

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