Brokerages Set European Wax Center, Inc. (NASDAQ:EWCZ) Target Price at $6.93

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have been given an average recommendation of “Hold” by the six research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.9286.

EWCZ has been the topic of a number of recent research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 target price on shares of European Wax Center in a research note on Wednesday, August 13th. Robert W. Baird set a $5.50 price target on shares of European Wax Center in a research report on Thursday, August 14th. Finally, Wall Street Zen downgraded European Wax Center from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd.

Institutional Investors Weigh In On European Wax Center

A number of institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new position in shares of European Wax Center during the first quarter valued at $333,000. Massachusetts Financial Services Co. MA raised its position in shares of European Wax Center by 378.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 228,066 shares of the company’s stock valued at $901,000 after acquiring an additional 180,389 shares during the period. Nuveen LLC bought a new stake in European Wax Center during the 1st quarter worth approximately $361,000. Federated Hermes Inc. bought a new stake in European Wax Center during the 1st quarter worth approximately $1,543,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in European Wax Center during the 1st quarter worth approximately $458,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Trading Up 2.7%

EWCZ opened at $3.84 on Thursday. European Wax Center has a 52-week low of $2.72 and a 52-week high of $8.91. The company has a quick ratio of 2.76, a current ratio of 3.38 and a debt-to-equity ratio of 3.53. The firm has a market capitalization of $212.04 million, a P/E ratio of 19.20, a P/E/G ratio of 0.35 and a beta of 1.45. The firm’s 50 day moving average is $3.98 and its 200-day moving average is $4.47.

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.