European Wax Center, Inc. (NASDAQ:EWCZ) Given Average Recommendation of “Moderate Buy” by Analysts

European Wax Center, Inc. (NASDAQ:EWCZ) has received an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $16.67.

A number of equities research analysts recently weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 price target on shares of European Wax Center in a report on Wednesday, May 15th. Truist Financial lowered their target price on European Wax Center from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Bank of America reduced their price target on shares of European Wax Center from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Finally, Citigroup lowered their price objective on shares of European Wax Center from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, May 16th.

European Wax Center Stock Down 1.2 %

Shares of NASDAQ EWCZ opened at $10.39 on Thursday. European Wax Center has a 52-week low of $10.23 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 3.10, a quick ratio of 2.31 and a current ratio of 2.95. The business has a fifty day moving average of $11.84 and a two-hundred day moving average of $13.48. The stock has a market cap of $631.40 million, a PE ratio of 41.56, a PEG ratio of 2.07 and a beta of 1.26.

European Wax Center (NASDAQ:EWCZ) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $56.33 million for the quarter, compared to analyst estimates of $53.98 million. European Wax Center had a net margin of 5.50% and a return on equity of 11.01%. As a group, equities research analysts expect that European Wax Center will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of European Wax Center

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EWCZ. Quantbot Technologies LP bought a new stake in shares of European Wax Center during the 3rd quarter valued at $31,000. SG Americas Securities LLC bought a new stake in European Wax Center in the fourth quarter valued at about $129,000. Arizona State Retirement System acquired a new position in European Wax Center in the third quarter valued at about $163,000. Quest Partners LLC bought a new position in European Wax Center during the fourth quarter worth about $166,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of European Wax Center by 38.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,368 shares of the company’s stock worth $281,000 after buying an additional 4,804 shares during the period. 82.14% of the stock is currently owned by institutional investors and hedge funds.

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.