European Wax Center (NASDAQ:EWCZ) Stock Rating Upgraded by Zacks Research

European Wax Center (NASDAQ:EWCZ) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other brokerages have also recently weighed in on EWCZ. Morgan Stanley reaffirmed an “underweight” rating and issued a $3.75 price target on shares of European Wax Center in a research report on Thursday, January 15th. Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $5.00 target price on shares of European Wax Center in a research report on Tuesday, January 13th. Finally, Weiss Ratings assumed coverage on European Wax Center in a research report on Saturday, November 1st. They issued a “sell (d+)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.88.

European Wax Center Stock Down 1.4%

European Wax Center stock traded down $0.06 during midday trading on Monday, reaching $3.94. The stock had a trading volume of 284,587 shares, compared to its average volume of 443,038. The company has a fifty day moving average price of $3.86 and a two-hundred day moving average price of $4.04. The company has a market capitalization of $213.91 million, a P/E ratio of 15.14, a PEG ratio of 0.37 and a beta of 1.45. The company has a current ratio of 3.67, a quick ratio of 3.14 and a debt-to-equity ratio of 3.57. European Wax Center has a 12 month low of $2.72 and a 12 month high of $7.60.

Hedge Funds Weigh In On European Wax Center

A number of hedge funds and other institutional investors have recently made changes to their positions in EWCZ. Hillsdale Investment Management Inc. purchased a new position in shares of European Wax Center during the 2nd quarter valued at $5,524,000. MIG Capital LLC grew its stake in European Wax Center by 65.8% in the 2nd quarter. MIG Capital LLC now owns 2,057,186 shares of the company’s stock worth $11,582,000 after buying an additional 816,657 shares in the last quarter. Ararat Capital Management LP increased its stake in European Wax Center by 26.3% in the third quarter. Ararat Capital Management LP now owns 3,114,767 shares of the company’s stock valued at $12,428,000 after acquiring an additional 647,770 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of European Wax Center by 355.3% during the 2nd quarter. Marshall Wace LLP now owns 724,149 shares of the company’s stock valued at $4,077,000 after buying an additional 565,099 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of European Wax Center by 75.7% in the 2nd quarter. Federated Hermes Inc. now owns 686,203 shares of the company’s stock worth $3,863,000 after acquiring an additional 295,634 shares during the last quarter. 82.14% of the stock is owned by hedge funds and other institutional investors.

European Wax Center Company Profile

European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.

Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.