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

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.3667.

Several equities analysts recently weighed in on EWCZ shares. Morgan Stanley set a $5.80 price target on shares of European Wax Center and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. Wall Street Zen raised shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Zacks Research raised shares of European Wax Center from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Truist Financial downgraded shares of European Wax Center from a “buy” rating to a “hold” rating and decreased their target price for the company from $6.00 to $5.80 in a research report on Tuesday, February 10th. Finally, Telsey Advisory Group increased their price target on European Wax Center from $5.00 to $5.80 and gave the stock a “market perform” rating in a research report on Wednesday, February 11th.

European Wax Center Stock Performance

Shares of EWCZ opened at $5.72 on Wednesday. The company has a debt-to-equity ratio of 3.57, a quick ratio of 3.14 and a current ratio of 3.67. The stock has a 50-day moving average of $4.27 and a two-hundred day moving average of $4.07. The stock has a market cap of $310.94 million, a P/E ratio of 22.00, a P/E/G ratio of 0.53 and a beta of 1.46. European Wax Center has a one year low of $2.72 and a one year high of $6.70.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Mariner LLC raised its position in European Wax Center by 12.9% during the fourth quarter. Mariner LLC now owns 19,996 shares of the company’s stock worth $72,000 after acquiring an additional 2,283 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of 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 purchasing an additional 2,794 shares during the last quarter. CWM LLC raised its position in shares of European Wax Center by 22.0% during the 4th 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 last quarter. Virtus Advisers LLC purchased a new position in European Wax Center in the 2nd quarter valued at about $30,000. Finally, JPMorgan Chase & Co. increased its stake in European Wax Center by 39.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,542 shares of the company’s stock worth $116,000 after buying an additional 5,803 shares in the last quarter. 82.14% of the stock is currently owned by hedge funds and other institutional investors.

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.