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

European Wax Center, Inc. (NASDAQ:EWCZ)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $11.13 and last traded at $11.33, with a volume of 15443 shares changing hands. The stock had previously closed at $11.43.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Piper Sandler upped their price objective on shares of European Wax Center from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, January 11th. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 target price on shares of European Wax Center in a research note on Wednesday, March 6th.

European Wax Center Trading Down 2.9 %

The firm has a market cap of $659.98 million, a price-to-earnings ratio of 63.88, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. The business’s 50 day moving average price is $13.43 and its 200-day moving average price is $14.18. The company has a debt-to-equity ratio of 3.19, a quick ratio of 1.98 and a current ratio of 2.52.

European Wax Center (NASDAQ:EWCZ) last issued its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $56.33 million for the quarter, compared to analyst estimates of $53.98 million. European Wax Center had a net margin of 4.04% and a return on equity of 6.69%. Equities analysts expect that European Wax Center, Inc. will post 0.31 EPS for the current year.

Institutional Investors Weigh In On European Wax Center

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in European Wax Center by 29.4% during the second quarter. Royal Bank of Canada now owns 3,710 shares of the company’s stock worth $69,000 after acquiring an additional 842 shares during the period. Charles Schwab Investment Management Inc. raised its stake in European Wax Center by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,220 shares of the company’s stock worth $812,000 after acquiring an additional 847 shares during the period. Tower Research Capital LLC TRC raised its stake in European Wax Center by 43.6% during the third quarter. Tower Research Capital LLC TRC now owns 2,926 shares of the company’s stock worth $54,000 after acquiring an additional 889 shares during the period. Diversified Trust Co raised its stake in European Wax Center by 4.5% during the fourth quarter. Diversified Trust Co now owns 22,365 shares of the company’s stock worth $304,000 after acquiring an additional 970 shares during the period. Finally, California State Teachers Retirement System raised its stake in European Wax Center by 3.5% during the third quarter. California State Teachers Retirement System now owns 31,684 shares of the company’s stock worth $585,000 after acquiring an additional 1,082 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

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.