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

European Wax Center, Inc. (NASDAQ:EWCZ) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $6.8750.

A number of equities analysts have recently issued reports on the stock. Morgan Stanley reiterated an “underweight” rating and set a $3.75 target price on shares of European Wax Center in a research report on Thursday, January 15th. Weiss Ratings began coverage on European Wax Center in a report on Saturday, November 1st. They set a “sell (d+)” rating on the stock. Zacks Research raised European Wax Center from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $5.00 price target on shares of European Wax Center in a research note on Tuesday, January 13th. Finally, Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th.

Institutional Investors Weigh In On European Wax Center

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its stake in European Wax Center by 23.8% during the 3rd 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 period. CWM LLC raised its position in shares of European Wax Center by 22.0% during the fourth quarter. CWM LLC now owns 27,402 shares of the company’s stock worth $99,000 after purchasing an additional 4,944 shares during the period. Virtus Advisers LLC bought a new position in shares of European Wax Center during the 2nd quarter valued at about $30,000. JPMorgan Chase & Co. grew its position in shares of European Wax Center by 39.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,542 shares of the company’s stock valued at $116,000 after purchasing an additional 5,803 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in European Wax Center by 8.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 91,284 shares of the company’s stock worth $514,000 after purchasing an additional 6,887 shares in the last quarter. 82.14% of the stock is owned by institutional investors.

European Wax Center Stock Performance

European Wax Center stock opened at $3.93 on Friday. The stock has a 50-day simple moving average of $3.88 and a 200 day simple moving average of $4.03. The stock has a market capitalization of $213.63 million, a price-to-earnings ratio of 15.12, a P/E/G ratio of 0.37 and a beta of 1.45. 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 12-month low of $2.72 and a 12-month high of $7.60.

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.