European Wax Center (NASDAQ:EWCZ) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

European Wax Center (NASDAQ:EWCZ) had its price objective hoisted by stock analysts at Telsey Advisory Group from $5.00 to $5.80 in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 1.58% from the stock’s current price.

A number of other brokerages have also recently issued reports on EWCZ. 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. Truist Financial downgraded European Wax Center from a “buy” rating to a “hold” rating and decreased their price target for the stock from $6.00 to $5.80 in a research note on Tuesday. Zacks Research raised European Wax Center from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of European Wax Center in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.37.

European Wax Center Stock Performance

EWCZ stock opened at $5.71 on Wednesday. The firm has a 50 day moving average of $4.00 and a two-hundred day moving average of $4.00. European Wax Center has a 12 month low of $2.72 and a 12 month high of $7.60. The company has a market capitalization of $310.40 million, a price-to-earnings ratio of 21.96, a P/E/G 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.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its position in European Wax Center by 23.8% during 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 in the last quarter. CWM LLC lifted its position in shares of European Wax Center by 22.0% in the 4th quarter. CWM LLC now owns 27,402 shares of the company’s stock worth $99,000 after acquiring an additional 4,944 shares during the period. Virtus Advisers LLC acquired a new stake in shares of European Wax Center during the 2nd quarter worth approximately $30,000. JPMorgan Chase & Co. increased its position in shares of European Wax Center by 39.4% during the second 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 position in shares of European Wax Center by 8.2% during the second quarter. Janney Montgomery Scott LLC now owns 91,284 shares of the company’s stock valued at $514,000 after purchasing an additional 6,887 shares during the period. Institutional investors and hedge funds 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.