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

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $16.33.

A number of analysts have commented on the stock. Telsey Advisory Group restated an “outperform” rating and set a $16.00 price target on shares of European Wax Center in a research report on Thursday, May 30th. Citigroup dropped 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. Bank of America dropped 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, Truist Financial dropped their price target on shares of European Wax Center from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th.

European Wax Center Trading Down 2.7 %

Shares of NASDAQ:EWCZ opened at $11.23 on Monday. The company has a market cap of $683.12 million, a PE ratio of 44.92, a P/E/G ratio of 2.23 and a beta of 1.22. The company’s 50-day moving average price is $11.40 and its 200 day moving average price is $13.20. European Wax Center has a fifty-two week low of $10.23 and a fifty-two week high of $20.00. The company has a quick ratio of 2.31, a current ratio of 2.95 and a debt-to-equity ratio of 3.10.

European Wax Center (NASDAQ:EWCZ) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.06. European Wax Center had a net margin of 5.50% and a return on equity of 11.01%. The firm had revenue of $51.87 million for the quarter, compared to the consensus estimate of $51.88 million. Sell-side analysts anticipate that European Wax Center will post 0.3 earnings per share for the current year.

Institutional Trading of European Wax Center

A number of hedge funds and other institutional investors have recently made changes to their positions in EWCZ. Arizona State Retirement System purchased a new position in shares of European Wax Center in the third quarter worth approximately $163,000. Quantbot Technologies LP purchased a new position in shares of European Wax Center in the third quarter worth approximately $31,000. Swiss National Bank increased its position in shares of European Wax Center by 2.4% in the third quarter. Swiss National Bank now owns 77,600 shares of the company’s stock worth $1,257,000 after acquiring an additional 1,800 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of European Wax Center by 186.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 268,417 shares of the company’s stock worth $4,348,000 after acquiring an additional 174,812 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of European Wax Center by 14.0% in the third quarter. Lord Abbett & CO. LLC now owns 344,077 shares of the company’s stock worth $5,574,000 after acquiring an additional 42,307 shares in the last quarter. 82.14% of the stock is currently 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.