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

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.31.

Several research analysts recently weighed in on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price target on shares of European Wax Center in a research report on Tuesday, March 11th. Morgan Stanley decreased their target price on shares of European Wax Center from $5.00 to $4.00 and set an “underweight” rating for the company in a research note on Wednesday, March 12th. Jefferies Financial Group set a $15.00 price target on shares of European Wax Center in a research report on Tuesday, March 11th. Piper Sandler lowered shares of European Wax Center from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $9.00 to $7.00 in a research note on Monday, January 6th. Finally, Robert W. Baird dropped their target price on European Wax Center from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th.

European Wax Center Trading Up 2.6 %

NASDAQ:EWCZ opened at $3.56 on Friday. The company has a current ratio of 3.17, a quick ratio of 2.42 and a debt-to-equity ratio of 3.81. The firm has a fifty day simple moving average of $5.66 and a 200-day simple moving average of $6.26. The company has a market capitalization of $197.03 million, a P/E ratio of 15.48, a PEG ratio of 1.72 and a beta of 1.15. European Wax Center has a 12 month low of $2.72 and a 12 month high of $12.89.

Institutional Trading of European Wax Center

Hedge funds have recently bought and sold shares of the business. Highland Peak Capital LLC purchased a new position in European Wax Center in the fourth quarter worth approximately $2,745,000. Barclays PLC boosted its holdings in European Wax Center by 365.7% during the 3rd quarter. Barclays PLC now owns 56,510 shares of the company’s stock valued at $385,000 after acquiring an additional 44,376 shares during the period. FMR LLC grew its position in European Wax Center by 18.9% in the 3rd quarter. FMR LLC now owns 2,697,742 shares of the company’s stock valued at $18,345,000 after acquiring an additional 428,280 shares in the last quarter. Kanen Wealth Management LLC acquired a new stake in shares of European Wax Center during the fourth quarter worth about $637,000. Finally, Geode Capital Management LLC boosted its stake in shares of European Wax Center by 3.9% in the third quarter. Geode Capital Management LLC now owns 820,728 shares of the company’s stock valued at $5,582,000 after purchasing an additional 30,804 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

About European Wax Center

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.