European Wax Center, Inc. (NASDAQ:EWCZ) Given Average Recommendation of “Reduce” by Brokerages

European Wax Center, Inc. (NASDAQ:EWCZ) has been assigned a consensus rating of “Reduce” from the six research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $5.84.

EWCZ has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of European Wax Center in a research report on Thursday, January 29th. Truist Financial downgraded European Wax Center from a “buy” rating to a “hold” rating and decreased their target price for the stock from $6.00 to $5.80 in a research report on Tuesday, February 10th. Robert W. Baird set a $5.80 target price on European Wax Center in a research report on Wednesday, February 11th. Telsey Advisory Group reissued a “market perform” rating and set a $5.80 target price on shares of European Wax Center in a research report on Thursday, March 5th. Finally, Morgan Stanley set a $5.80 target price on European Wax Center and gave the stock an “equal weight” rating in a research report on Wednesday, February 11th.

European Wax Center Price Performance

EWCZ stock opened at $5.82 on Thursday. European Wax Center has a twelve month low of $2.95 and a twelve month high of $6.51. The company has a market cap of $317.42 million, a PE ratio of 27.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.32. The business’s 50-day simple moving average is $5.77 and its 200 day simple moving average is $4.51. The company has a quick ratio of 2.29, a current ratio of 2.70 and a debt-to-equity ratio of 3.57.

Institutional Investors Weigh In On European Wax Center

A number of institutional investors have recently added to or reduced their stakes in the stock. Mariner LLC raised its holdings in shares of European Wax Center by 12.9% in the 4th quarter. Mariner LLC now owns 19,996 shares of the company’s stock worth $72,000 after buying an additional 2,283 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of European Wax Center by 23.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,523 shares of the company’s stock worth $58,000 after buying an additional 2,794 shares during the period. CWM LLC lifted its position in shares of European Wax Center by 22.0% during the 4th quarter. CWM LLC now owns 27,402 shares of the company’s stock worth $99,000 after buying an additional 4,944 shares during the period. JPMorgan Chase & Co. lifted its position in shares of European Wax Center by 39.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,542 shares of the company’s stock worth $116,000 after buying an additional 5,803 shares during the period. Finally, Barclays PLC lifted its position in shares of European Wax Center by 13.1% during the 4th quarter. Barclays PLC now owns 53,398 shares of the company’s stock worth $192,000 after buying an additional 6,185 shares during the period. 82.14% of the stock is owned by institutional investors and hedge funds.

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.