European Wax Center, Inc. (NASDAQ:EWCZ) Given Consensus Recommendation of “Hold” by Brokerages

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have been assigned an average recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $6.9286.

Several analysts have issued reports on EWCZ shares. Wall Street Zen downgraded shares of European Wax Center from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Telsey Advisory Group reissued a “market perform” rating and set a $5.00 target price on shares of European Wax Center in a research note on Wednesday, August 13th. Citigroup boosted their target price on shares of European Wax Center from $4.50 to $6.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. Truist Financial boosted their target price on shares of European Wax Center from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Robert W. Baird set a $5.50 target price on shares of European Wax Center in a research note on Thursday, August 14th.

Institutional Trading of European Wax Center

Several large investors have recently added to or reduced their stakes in EWCZ. Barclays PLC increased its stake in shares of European Wax Center by 2.7% in the fourth quarter. Barclays PLC now owns 58,064 shares of the company’s stock worth $388,000 after acquiring an additional 1,554 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of European Wax Center by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock worth $84,000 after acquiring an additional 1,582 shares during the last quarter. Algert Global LLC increased its stake in shares of European Wax Center by 10.4% in the first quarter. Algert Global LLC now owns 51,470 shares of the company’s stock worth $203,000 after acquiring an additional 4,850 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of European Wax Center by 46.6% in the fourth quarter. Wells Fargo & Company MN now owns 15,836 shares of the company’s stock worth $106,000 after acquiring an additional 5,033 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of European Wax Center in the second quarter worth $30,000. 82.14% of the stock is owned by institutional investors and hedge funds.

European Wax Center Price Performance

Shares of NASDAQ:EWCZ opened at $4.26 on Wednesday. European Wax Center has a one year low of $2.72 and a one year high of $8.91. The stock has a fifty day moving average of $4.88 and a 200-day moving average of $4.78. The company has a market capitalization of $235.24 million, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.39 and a beta of 1.48. The company has a debt-to-equity ratio of 3.53, a quick ratio of 2.76 and a current ratio of 3.38.

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.