European Wax Center’s (EWCZ) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of European Wax Center (NASDAQ:EWCZ) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $5.80 price target on the stock.

EWCZ has been the topic of several other research reports. Zacks Research upgraded European Wax Center from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Truist Financial lowered shares of European Wax Center from a “buy” rating to a “hold” rating and cut their price target for the company from $6.00 to $5.80 in a report on Tuesday, February 10th. Morgan Stanley set a $5.80 price objective on shares of European Wax Center and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of European Wax Center in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, European Wax Center presently has a consensus rating of “Hold” and an average price target of $7.37.

European Wax Center Stock Performance

Shares of NASDAQ EWCZ opened at $5.73 on Thursday. The stock’s fifty day simple moving average is $4.35 and its 200 day simple moving average is $4.09. The stock has a market capitalization of $311.48 million, a price-to-earnings ratio of 22.04, a PEG ratio of 0.53 and a beta of 1.46. The company has a quick ratio of 3.14, a current ratio of 3.67 and a debt-to-equity ratio of 3.57. European Wax Center has a 52-week low of $2.72 and a 52-week high of $6.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EWCZ. Mariner LLC raised its stake in shares of European Wax Center by 12.9% during the 4th quarter. Mariner LLC now owns 19,996 shares of the company’s stock worth $72,000 after purchasing an additional 2,283 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in European Wax Center by 23.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,523 shares of the company’s stock worth $58,000 after buying an additional 2,794 shares during the last quarter. CWM LLC raised its position in European Wax Center by 22.0% during the fourth quarter. CWM LLC now owns 27,402 shares of the company’s stock valued at $99,000 after acquiring an additional 4,944 shares in the last quarter. Virtus Advisers LLC acquired a new stake in European Wax Center in the second quarter valued at approximately $30,000. Finally, JPMorgan Chase & Co. grew its position in European Wax Center by 39.4% in the second quarter. JPMorgan Chase & Co. now owns 20,542 shares of the company’s stock worth $116,000 after acquiring an additional 5,803 shares in the last quarter. Hedge funds and other institutional investors own 82.14% of the company’s stock.

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.