European Wax Center, Inc. (NASDAQ:EWCZ) Receives Average Rating of “Hold” from Brokerages

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have been given an average recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $6.9286.

Several research analysts have recently weighed in on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 price target on shares of European Wax Center in a report on Wednesday, August 13th. Robert W. Baird set a $5.50 price target on shares of European Wax Center in a report on Thursday, August 14th. Finally, Wall Street Zen cut shares of European Wax Center from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 2nd.

European Wax Center Stock Up 2.9%

Shares of NASDAQ EWCZ opened at $3.92 on Friday. The stock has a market cap of $216.46 million, a P/E ratio of 19.60, a P/E/G ratio of 0.36 and a beta of 1.45. European Wax Center has a 52-week low of $2.72 and a 52-week high of $8.91. The company has a debt-to-equity ratio of 3.53, a quick ratio of 2.76 and a current ratio of 3.38. The firm has a 50 day moving average price of $4.26 and a 200 day moving average price of $4.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming lifted its position in shares of European Wax Center by 133.0% in the second quarter. State of Wyoming now owns 118,225 shares of the company’s stock worth $666,000 after purchasing an additional 67,483 shares in the last quarter. Monimus Capital Management LP bought a new stake in shares of European Wax Center in the second quarter worth $809,000. Man Group plc bought a new stake in shares of European Wax Center in the second quarter worth $568,000. Engineers Gate Manager LP lifted its position in shares of European Wax Center by 144.1% in the second quarter. Engineers Gate Manager LP now owns 43,714 shares of the company’s stock worth $246,000 after purchasing an additional 25,808 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of European Wax Center by 41.3% in the second quarter. Jane Street Group LLC now owns 40,226 shares of the company’s stock worth $226,000 after purchasing an additional 11,759 shares in the last quarter. Institutional investors and hedge funds own 82.14% of the company’s stock.

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.