European Wax Center, Inc. (NASDAQ:EWCZ) Receives Consensus Recommendation of “Reduce” from Analysts

European Wax Center, Inc. (NASDAQ:EWCZ) has earned an average recommendation of “Reduce” from the six ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $5.84.

Several brokerages recently weighed in on EWCZ. Zacks Research lowered European Wax Center from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. Robert W. Baird set a $5.80 price target on European Wax Center in a research report on Wednesday, February 11th. Morgan Stanley set a $5.80 price objective on shares of European Wax Center and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. Telsey Advisory Group reissued a “market perform” rating and set a $5.80 target price on shares of European Wax Center in a report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of European Wax Center in a report on Thursday, January 29th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its stake in European Wax Center by 21.7% in the fourth quarter. Hsbc Holdings PLC now owns 66,282 shares of the company’s stock valued at $237,000 after buying an additional 11,833 shares during the last quarter. Invesco Ltd. lifted its position in European Wax Center by 15.6% in the 4th quarter. Invesco Ltd. now owns 128,971 shares of the company’s stock valued at $464,000 after purchasing an additional 17,439 shares during the last quarter. Veradace Capital Management LLC acquired a new position in European Wax Center during the 4th quarter valued at about $6,522,000. Man Group plc grew its position in European Wax Center by 4.6% in the 4th quarter. Man Group plc now owns 207,204 shares of the company’s stock worth $746,000 after purchasing an additional 9,031 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of European Wax Center by 16.6% in the fourth quarter. AQR Capital Management LLC now owns 806,639 shares of the company’s stock valued at $2,904,000 after purchasing an additional 115,076 shares during the period. 82.14% of the stock is currently owned by institutional investors.

European Wax Center Trading Down 0.1%

NASDAQ EWCZ opened at $5.77 on Friday. The company has a market capitalization of $314.41 million, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 0.54 and a beta of 1.38. The company has a debt-to-equity ratio of 3.57, a current ratio of 2.70 and a quick ratio of 2.29. European Wax Center has a 12 month low of $2.95 and a 12 month high of $6.51. The company’s fifty day moving average price is $5.00 and its two-hundred day moving average price is $4.22.

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.