European Wax Center, Inc. (NASDAQ:EWCZ) Given Average Rating of “Hold” by Analysts

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $7.31.

Several equities analysts have weighed in on the stock. Jefferies Financial Group set a $15.00 target price on shares of European Wax Center in a report on Tuesday, March 11th. Robert W. Baird dropped their price objective on shares of European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Piper Sandler cut shares of European Wax Center from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $9.00 to $7.00 in a research note on Monday, January 6th. Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price objective on shares of European Wax Center in a research note on Tuesday, March 11th. Finally, Morgan Stanley dropped their price target on European Wax Center from $5.00 to $4.00 and set an “underweight” rating for the company in a research report on Wednesday, March 12th.

European Wax Center Trading Down 0.2 %

Shares of EWCZ stock opened at $4.21 on Wednesday. European Wax Center has a fifty-two week low of $2.72 and a fifty-two week high of $13.31. The stock has a market cap of $239.73 million, a P/E ratio of 18.30, a P/E/G ratio of 1.72 and a beta of 0.95. The business has a fifty day simple moving average of $6.30 and a 200-day simple moving average of $6.52. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81.

Institutional Trading of European Wax Center

Several hedge funds and other institutional investors have recently bought and sold shares of EWCZ. Barclays PLC grew its position in shares of European Wax Center by 2.7% in the fourth quarter. Barclays PLC now owns 58,064 shares of the company’s stock valued at $388,000 after purchasing an additional 1,554 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of European Wax Center by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock valued at $84,000 after purchasing an additional 1,582 shares during the period. SG Americas Securities LLC grew its holdings in European Wax Center by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock valued at $103,000 after buying an additional 1,690 shares during the period. ExodusPoint Capital Management LP grew its holdings in European Wax Center by 7.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 34,871 shares of the company’s stock valued at $233,000 after buying an additional 2,429 shares during the period. Finally, American Century Companies Inc. grew its holdings in European Wax Center by 7.6% in the 4th quarter. American Century Companies Inc. now owns 50,616 shares of the company’s stock valued at $338,000 after buying an additional 3,584 shares during the period. 82.14% of the stock is owned by hedge funds and other 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.