European Wax Center (NASDAQ:EWCZ) Downgraded to Hold Rating by Truist Financial

Truist Financial downgraded shares of European Wax Center (NASDAQ:EWCZ) from a buy rating to a hold rating in a research report report published on Tuesday, Marketbeat reports. They currently have $5.80 price objective on the stock.

Several other research firms also recently commented on EWCZ. Zacks Research raised European Wax Center from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Weiss Ratings restated a “sell (d+)” rating on shares of European Wax Center in a research note on Thursday, January 29th. Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Telsey Advisory Group reissued a “market perform” rating and set a $5.00 target price on shares of European Wax Center in a report on Tuesday, January 13th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $3.75 target price on shares of European Wax Center in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong 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, European Wax Center presently has a consensus rating of “Hold” and a consensus target price of $7.18.

European Wax Center Price Performance

Shares of EWCZ opened at $5.72 on Tuesday. The firm has a market capitalization of $310.94 million, a PE ratio of 22.00, a PEG ratio of 0.37 and a beta of 1.46. The company has a debt-to-equity ratio of 3.57, a current ratio of 3.67 and a quick ratio of 3.14. European Wax Center has a fifty-two week low of $2.72 and a fifty-two week high of $7.60. The company’s 50-day moving average is $3.93 and its 200-day moving average is $3.97.

Institutional Investors Weigh In On European Wax Center

Several institutional investors and hedge funds have recently bought and sold shares of the company. Virtus Advisers LLC acquired a new position in European Wax Center during the 2nd quarter worth approximately $30,000. M&T Bank Corp bought a new stake in shares of European Wax Center during the fourth quarter worth $40,000. Ritholtz Wealth Management acquired a new position in shares of European Wax Center during the third quarter worth $41,000. R Squared Ltd acquired a new position in shares of European Wax Center during the third quarter worth $47,000. Finally, Brooklyn Investment Group bought a new position in shares of European Wax Center in the 3rd quarter valued at $47,000. Institutional investors own 82.14% of the company’s stock.

Key Stories Impacting European Wax Center

Here are the key news stories impacting European Wax Center this week:

• Positive Sentiment: General Atlantic agreed to take European Wax Center private in a $330M all-cash deal at $5.80 per share, a direct catalyst for the stock’s upward move. European Wax Center to Be Taken Private by General Atlantic in All-Cash Transaction
• Neutral Sentiment: Trading in EWCZ was temporarily halted shortly before the take-private announcement for “news pending,” which is typical around M&A and helped concentrate volume on the news release.
• Neutral Sentiment: Short-interest data reported an anomalous reading (0 shares) for early February; given the oddness of the figure and the pending buyout, the metric is not providing clear signal right now.
• Neutral Sentiment: Analysts and investors are still parsing the company’s underlying fundamentals — some coverage highlights European Wax Center’s history of earnings surprises, which matters if alternative bids or negotiations emerge. Will European Wax Center (EWCZ) Beat Estimates Again in Its Next Earnings Report?
• Negative Sentiment: Julie & Holleman LLP announced an investigation into the proposed $5.80 deal, alleging conflicts of interest and arguing the price may be too low — this legal scrutiny could delay closing or push for a higher bid. European Wax Shareholders Unhappy With Merger Should Contact Julie & Holleman LLP Regarding Potential Legal Claims
• Negative Sentiment: Truist downgraded EWCZ from Buy to Hold with a $5.80 target (in line with the deal price), which reduces the likelihood of meaningful analyst-driven upside beyond the announced transaction. EWCZ European Wax Center just downgraded at Truist

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.