European Wax Center (NASDAQ:EWCZ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of European Wax Center (NASDAQ:EWCZ) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

EWCZ has been the subject of several other research reports. Robert W. Baird set a $5.50 price objective on European Wax Center in a research note on Thursday, August 14th. Weiss Ratings began coverage on shares of European Wax Center in a report on Saturday, November 1st. They issued a “sell (d+)” rating on the stock. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $5.00 price target on shares of European Wax Center in a research note on Wednesday, November 12th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $6.93.

European Wax Center Trading Down 3.7%

NASDAQ:EWCZ opened at $3.66 on Friday. European Wax Center has a 12-month low of $2.72 and a 12-month high of $7.60. The firm has a market cap of $202.11 million, a PE ratio of 14.08, a price-to-earnings-growth ratio of 0.34 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. The stock has a fifty day moving average price of $3.77 and a 200 day moving average price of $4.54.

Hedge Funds Weigh In On European Wax Center

Hedge funds have recently added to or reduced their stakes in the stock. PharVision Advisers LLC purchased a new stake in shares of European Wax Center during the 3rd quarter worth approximately $122,000. Sherbrooke Park Advisers LLC raised its stake in European Wax Center by 179.2% during the 3rd quarter. Sherbrooke Park Advisers LLC now owns 29,484 shares of the company’s stock worth $118,000 after acquiring an additional 18,923 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in European Wax Center by 38.9% in the third quarter. Qube Research & Technologies Ltd now owns 188,558 shares of the company’s stock valued at $752,000 after acquiring an additional 52,808 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in European Wax Center in the third quarter valued at $56,000. Finally, Ararat Capital Management LP boosted 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 in the last quarter. 82.14% of the stock is currently 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.