European Wax Center (NASDAQ:EWCZ) Research Coverage Started at Weiss Ratings

Weiss Ratings assumed coverage on shares of European Wax Center (NASDAQ:EWCZ) in a research note released on Saturday,Weiss Ratings reports. The firm issued a sell (d+) rating on the stock.

Other analysts also recently issued research reports about the company. Wall Street Zen downgraded European Wax Center from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $5.00 price target on shares of European Wax Center in a research note on Wednesday, August 13th. Finally, Robert W. Baird set a $5.50 price target on European Wax Center in a research note on Thursday, August 14th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $6.93.

European Wax Center Stock Down 2.6%

Shares of NASDAQ:EWCZ opened at $3.80 on Friday. European Wax Center has a 1 year low of $2.72 and a 1 year high of $8.91. The company has a market cap of $209.84 million, a PE ratio of 19.00, a P/E/G ratio of 0.35 and a beta of 1.45. The company has a debt-to-equity ratio of 3.53, a current ratio of 3.38 and a quick ratio of 2.76. The stock’s 50-day moving average is $3.88 and its 200 day moving average is $4.50.

Institutional Investors Weigh In On European Wax Center

Several institutional investors and hedge funds have recently made changes to their positions in EWCZ. Virtus Advisers LLC acquired a new stake in shares of European Wax Center during the second quarter worth $30,000. Ritholtz Wealth Management acquired a new position in shares of European Wax Center in the 3rd quarter valued at $41,000. Wealth Enhancement Advisory Services LLC grew its position in European Wax Center by 23.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,523 shares of the company’s stock valued at $58,000 after buying an additional 2,794 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in shares of European Wax Center in the second quarter worth about $60,000. Finally, CWM LLC increased its stake in shares of European Wax Center by 1,275.9% in the 2nd quarter. CWM LLC now owns 14,337 shares of the company’s stock valued at $81,000 after purchasing an additional 13,295 shares in the last quarter. 82.14% of the stock is currently owned by institutional investors and hedge funds.

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.