Telsey Advisory Group Reiterates Outperform Rating for European Wax Center (NASDAQ:EWCZ)

European Wax Center (NASDAQ:EWCZ)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $8.00 target price on the stock. Telsey Advisory Group’s target price indicates a potential upside of 29.87% from the company’s current price. Telsey Advisory Group also issued estimates for European Wax Center’s FY2025 earnings at $0.32 EPS.

Several other research analysts have also issued reports on EWCZ. Robert W. Baird dropped their price objective on European Wax Center from $13.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Truist Financial cut their price objective on European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Morgan Stanley reduced their price objective on shares of European Wax Center from $14.00 to $5.00 and set an “equal weight” rating for the company in a research note on Thursday, August 15th. Bank of America reduced their target price on shares of European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Finally, Citigroup downgraded shares of European Wax Center from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $16.00 to $5.50 in a research note on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.64.

European Wax Center Stock Performance

EWCZ stock traded down $1.85 during trading on Thursday, hitting $6.16. 3,175,802 shares of the company’s stock traded hands, compared to its average volume of 676,665. European Wax Center has a 52 week low of $4.80 and a 52 week high of $16.07. The company has a quick ratio of 2.72, a current ratio of 3.49 and a debt-to-equity ratio of 3.18. The stock has a market capitalization of $369.48 million, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 2.80 and a beta of 1.11. The stock has a fifty day moving average price of $7.13 and a two-hundred day moving average price of $8.70.

European Wax Center (NASDAQ:EWCZ) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. European Wax Center had a return on equity of 13.84% and a net margin of 5.61%. The firm had revenue of $59.87 million during the quarter, compared to analyst estimates of $61.27 million. As a group, equities analysts anticipate that European Wax Center will post 0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On European Wax Center

A number of institutional investors and hedge funds have recently bought and sold shares of EWCZ. Champlain Investment Partners LLC raised its holdings in shares of European Wax Center by 13.1% during the first quarter. Champlain Investment Partners LLC now owns 3,745,511 shares of the company’s stock valued at $48,617,000 after acquiring an additional 435,270 shares during the last quarter. FMR LLC boosted its stake in shares of European Wax Center by 18.9% during the third quarter. FMR LLC now owns 2,697,742 shares of the company’s stock worth $18,345,000 after buying an additional 428,280 shares during the period. Marshall Wace LLP acquired a new position in shares of European Wax Center in the second quarter valued at approximately $3,274,000. Bamco Inc. NY raised its holdings in European Wax Center by 8.8% during the first quarter. Bamco Inc. NY now owns 3,265,000 shares of the company’s stock worth $42,380,000 after purchasing an additional 265,000 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of European Wax Center in the third quarter valued at $1,231,000. 82.14% of the stock is owned by institutional investors.

European Wax Center Company Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.