European Wax Center (NASDAQ:EWCZ) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of European Wax Center (NASDAQ:EWCZ) in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a $5.00 target price on the stock.

Other equities analysts have also issued reports about the stock. Wall Street Zen raised shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Weiss Ratings started coverage on shares of European Wax Center in a research note on Saturday, November 1st. They issued a “sell (d+)” rating on the stock. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, European Wax Center has a consensus rating of “Reduce” and an average target price of $6.92.

European Wax Center Stock Down 2.9%

Shares of NASDAQ EWCZ opened at $3.95 on Tuesday. The stock has a market capitalization of $214.72 million, a P/E ratio of 15.19, a PEG ratio of 0.43 and a beta of 1.45. The stock’s fifty day moving average is $3.82 and its 200 day moving average is $4.15. European Wax Center has a 52 week low of $2.72 and a 52 week high of $7.60. The company has a debt-to-equity ratio of 3.57, a quick ratio of 3.14 and a current ratio of 3.67.

Hedge Funds Weigh In On European Wax Center

Several institutional investors and hedge funds have recently added to or reduced their stakes in EWCZ. Virtus Advisers LLC bought a new stake in shares of European Wax Center during the second quarter worth $30,000. Ritholtz Wealth Management bought a new stake in European Wax Center during the 3rd quarter worth $41,000. R Squared Ltd acquired a new position in European Wax Center in the 3rd quarter worth about $47,000. Brooklyn Investment Group bought a new position in European Wax Center in the third quarter valued at about $47,000. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of European Wax Center during the third quarter valued at about $48,000. Institutional investors own 82.14% of the company’s stock.

About European Wax Center

European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.

Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.