European Wax Center (NASDAQ:EWCZ) Upgraded at Zacks Research

Zacks Research upgraded shares of European Wax Center (NASDAQ:EWCZ) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Morgan Stanley reaffirmed an “underweight” rating and issued a $3.75 price target on shares of European Wax Center in a report on Thursday, January 15th. Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Telsey Advisory Group restated a “market perform” rating and set a $5.00 price target on shares of European Wax Center in a report on Tuesday, January 13th. Finally, Weiss Ratings began coverage on European Wax Center in a research report on Saturday, November 1st. They issued a “sell (d+)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.88.

European Wax Center Price Performance

European Wax Center stock opened at $3.85 on Monday. European Wax Center has a 52-week low of $2.72 and a 52-week high of $7.60. The company has a quick ratio of 3.14, a current ratio of 3.67 and a debt-to-equity ratio of 3.57. The firm’s fifty day moving average is $3.86 and its 200 day moving average is $4.04. The company has a market cap of $209.29 million, a price-to-earnings ratio of 14.81, a PEG ratio of 0.37 and a beta of 1.45.

Institutional Trading of European Wax Center

Several institutional investors and hedge funds have recently made changes to their positions in EWCZ. Hillsdale Investment Management Inc. bought a new position in shares of European Wax Center in the second quarter worth about $5,524,000. MIG Capital LLC grew its stake in European Wax Center by 65.8% in the 2nd quarter. MIG Capital LLC now owns 2,057,186 shares of the company’s stock worth $11,582,000 after acquiring an additional 816,657 shares in the last quarter. Ararat Capital Management LP increased its position in shares of European Wax Center by 26.3% during the third quarter. Ararat Capital Management LP now owns 3,114,767 shares of the company’s stock worth $12,428,000 after acquiring an additional 647,770 shares during the period. Marshall Wace LLP raised its stake in shares of European Wax Center by 355.3% during the second quarter. Marshall Wace LLP now owns 724,149 shares of the company’s stock valued at $4,077,000 after acquiring an additional 565,099 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of European Wax Center by 75.7% in the second quarter. Federated Hermes Inc. now owns 686,203 shares of the company’s stock valued at $3,863,000 after purchasing an additional 295,634 shares during the period. 82.14% of the stock is currently owned by institutional investors.

European Wax Center Company Profile

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.