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

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

A number of other research firms have also weighed in on EWCZ. Robert W. Baird set a $5.80 price objective on European Wax Center in a research note on Wednesday, February 11th. Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of European Wax Center in a research note on Thursday, January 29th. Truist Financial lowered European Wax Center from a “buy” rating to a “hold” rating and decreased their price target for the company from $6.00 to $5.80 in a research note on Tuesday, February 10th. Finally, Morgan Stanley set a $5.80 price objective on shares of European Wax Center and gave the company an “equal weight” rating in a report on Wednesday, February 11th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.37.

European Wax Center Stock Performance

Shares of EWCZ stock opened at $5.74 on Thursday. European Wax Center has a 52-week low of $2.72 and a 52-week high of $6.51. The stock has a market cap of $312.03 million, a PE ratio of 27.33, a price-to-earnings-growth ratio of 0.54 and a beta of 1.38. The business has a 50-day simple moving average of $4.60 and a 200-day simple moving average of $4.13. The company has a quick ratio of 3.14, a current ratio of 2.70 and a debt-to-equity ratio of 3.57.

Hedge Funds Weigh In On European Wax Center

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EWCZ. Veradace Capital Management LLC purchased a new stake in shares of European Wax Center during the fourth quarter worth $6,522,000. Hillsdale Investment Management Inc. acquired a new position in European Wax Center during the 2nd quarter worth $5,524,000. MIG Capital LLC increased its holdings in European Wax Center by 65.8% during the 2nd quarter. MIG Capital LLC now owns 2,057,186 shares of the company’s stock worth $11,582,000 after purchasing an additional 816,657 shares during the period. Ararat Capital Management LP increased its holdings in European Wax Center by 26.3% during the 3rd quarter. Ararat Capital Management LP now owns 3,114,767 shares of the company’s stock worth $12,428,000 after purchasing an additional 647,770 shares during the period. Finally, Marshall Wace LLP raised its position in European Wax Center by 355.3% in the 2nd quarter. Marshall Wace LLP now owns 724,149 shares of the company’s stock valued at $4,077,000 after purchasing an additional 565,099 shares in the last quarter. Hedge funds and other institutional investors own 82.14% of the company’s stock.

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.