European Wax Center, Inc. (NASDAQ:EWCZ) Receives Consensus Recommendation of “Moderate Buy” from Analysts

European Wax Center, Inc. (NASDAQ:EWCZGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.33.

EWCZ has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of European Wax Center from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Bank of America lowered their price target on European Wax Center from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Telsey Advisory Group reissued an “outperform” rating and issued a $16.00 price target on shares of European Wax Center in a research note on Thursday, May 30th. Finally, Truist Financial cut their price target on shares of European Wax Center from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, May 16th.

View Our Latest Report on European Wax Center

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EWCZ. Teachers Retirement System of The State of Kentucky increased its holdings in shares of European Wax Center by 16.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 95,514 shares of the company’s stock valued at $1,240,000 after purchasing an additional 13,497 shares during the last quarter. Bamco Inc. NY boosted its position in shares of European Wax Center by 8.8% during the 1st quarter. Bamco Inc. NY now owns 3,265,000 shares of the company’s stock valued at $42,380,000 after acquiring an additional 265,000 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of European Wax Center by 14.2% during the 1st quarter. Bessemer Group Inc. now owns 49,570 shares of the company’s stock valued at $643,000 after acquiring an additional 6,170 shares during the last quarter. Champlain Investment Partners LLC grew its holdings in shares of European Wax Center by 13.1% in the first quarter. Champlain Investment Partners LLC now owns 3,745,511 shares of the company’s stock valued at $48,617,000 after purchasing an additional 435,270 shares during the period. Finally, Vanguard Group Inc. increased its position in European Wax Center by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,889,324 shares of the company’s stock worth $24,523,000 after purchasing an additional 29,918 shares during the last quarter. 82.14% of the stock is currently owned by institutional investors and hedge funds.

European Wax Center Stock Down 0.4 %

European Wax Center stock opened at $9.97 on Friday. The business’s 50-day moving average price is $11.03 and its 200 day moving average price is $12.84. The company has a quick ratio of 2.31, a current ratio of 2.95 and a debt-to-equity ratio of 3.10. The firm has a market cap of $606.48 million, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 1.99 and a beta of 1.18. European Wax Center has a 52 week low of $9.44 and a 52 week high of $20.00.

European Wax Center (NASDAQ:EWCZGet Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. European Wax Center had a net margin of 5.50% and a return on equity of 11.01%. The business had revenue of $51.87 million for the quarter, compared to analysts’ expectations of $51.88 million. As a group, sell-side analysts anticipate that European Wax Center will post 0.3 earnings per share for the current year.

European Wax Center Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for European Wax Center (NASDAQ:EWCZ)

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