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

European Wax Center, Inc. (NASDAQ:EWCZ) has been given a consensus rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.00.

Several equities analysts have recently weighed in on the company. Truist Financial lifted their price target on European Wax Center from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Robert W. Baird cut their target price on European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Wall Street Zen lowered European Wax Center from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $5.00 price target on shares of European Wax Center in a report on Thursday, May 15th. Finally, Citigroup raised their price objective on shares of European Wax Center from $4.50 to $6.00 and gave the company a “neutral” rating in a research report on Monday, May 19th.

European Wax Center Price Performance

NASDAQ EWCZ opened at $5.53 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.71 and a debt-to-equity ratio of 3.79. The company has a market cap of $305.28 million, a PE ratio of 27.65, a price-to-earnings-growth ratio of 0.61 and a beta of 1.48. European Wax Center has a 52 week low of $2.72 and a 52 week high of $11.03. The firm’s 50-day simple moving average is $4.53 and its two-hundred day simple moving average is $5.32.

European Wax Center (NASDAQ:EWCZ) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.12. European Wax Center had a net margin of 4.38% and a return on equity of 23.65%. The company had revenue of $51.43 million for the quarter, compared to analysts’ expectations of $49.70 million. Research analysts predict that European Wax Center will post 0.26 earnings per share for the current year.

Institutional Trading of European Wax Center

A number of large investors have recently modified their holdings of EWCZ. Voya Investment Management LLC increased its position in shares of European Wax Center by 43.4% in the first quarter. Voya Investment Management LLC now owns 57,538 shares of the company’s stock worth $227,000 after purchasing an additional 17,417 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in European Wax Center by 50.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 505,183 shares of the company’s stock worth $1,995,000 after buying an additional 168,900 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in European Wax Center in the 1st quarter worth approximately $458,000. Interval Partners LP increased its holdings in shares of European Wax Center by 25.9% in the 1st quarter. Interval Partners LP now owns 232,850 shares of the company’s stock worth $920,000 after buying an additional 47,850 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of European Wax Center by 294.3% during the 1st quarter. AQR Capital Management LLC now owns 223,120 shares of the company’s stock valued at $881,000 after buying an additional 166,532 shares in the last quarter. Institutional investors 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.