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

European Wax Center, Inc. (NASDAQ:EWCZ) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.00.

Several research firms have recently issued reports on EWCZ. Telsey Advisory Group reiterated an “outperform” rating and set a $16.00 price objective on shares of European Wax Center in a research report on Thursday, May 30th. Bank of America lowered their target price on shares of European Wax Center from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Citigroup lowered their target price on shares of European Wax Center from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, May 16th. Piper Sandler decreased their price objective on European Wax Center from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Finally, Truist Financial decreased their price objective on European Wax Center from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, May 16th.

Hedge Funds Weigh In On European Wax Center

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of European Wax Center during the fourth quarter valued at about $129,000. Quest Partners LLC acquired a new position in European Wax Center in the 4th quarter worth approximately $166,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in European Wax Center by 508.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,118 shares of the company’s stock worth $369,000 after buying an additional 31,022 shares during the period. Diversified Trust Co increased its holdings in European Wax Center by 41.0% in the 1st quarter. Diversified Trust Co now owns 31,540 shares of the company’s stock worth $409,000 after buying an additional 9,175 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in European Wax Center in the 4th quarter worth approximately $565,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Price Performance

Shares of NASDAQ:EWCZ opened at $7.93 on Tuesday. The firm’s 50 day moving average price is $10.18 and its 200-day moving average price is $12.03. European Wax Center has a twelve month low of $7.45 and a twelve month 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. The stock has a market capitalization of $482.38 million, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17.

European Wax Center (NASDAQ:EWCZ) last released its earnings results on Wednesday, May 15th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $51.87 million for the quarter, compared to analysts’ expectations of $51.88 million. Equities research analysts expect that European Wax Center will post 0.3 EPS for the current year.

About European Wax Center

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.