Shares of European Wax Center, Inc. (NASDAQ:EWCZ – Get Free Report) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $15.00.
Several equities research analysts have weighed in on EWCZ shares. Telsey Advisory Group reissued an “outperform” rating and set a $16.00 price objective on shares of European Wax Center in a research note on Thursday, May 30th. Bank of America reduced their price objective on European Wax Center from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Truist Financial reduced their price objective on European Wax Center from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Piper Sandler reduced their price objective on European Wax Center from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Finally, Citigroup dropped their target price on European Wax Center from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, May 16th.
Read Our Latest Analysis on EWCZ
European Wax Center Trading Down 2.3 %
European Wax Center (NASDAQ:EWCZ – Get Free Report) last issued its earnings results on Wednesday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.06. European Wax Center had a return on equity of 11.01% and a net margin of 5.50%. The firm had revenue of $51.87 million for the quarter, compared to analysts’ expectations of $51.88 million. Equities research analysts predict that European Wax Center will post 0.3 EPS for the current fiscal year.
Institutional Trading of European Wax Center
A number of large investors have recently modified their holdings of EWCZ. SG Americas Securities LLC purchased a new stake in European Wax Center during the fourth quarter worth $129,000. Quest Partners LLC purchased a new stake in European Wax Center during the fourth quarter worth $166,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in European Wax Center by 508.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,118 shares of the company’s stock worth $369,000 after buying an additional 31,022 shares during the period. Diversified Trust Co increased its position in shares of European Wax Center by 41.0% during the first quarter. Diversified Trust Co now owns 31,540 shares of the company’s stock worth $409,000 after purchasing an additional 9,175 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of European Wax Center during the fourth quarter worth $565,000. Hedge funds and other institutional investors 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.
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