European Wax Center, Inc. (NASDAQ:EWCZ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) 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.

European Wax Center Trading Down 2.3 %

Shares of EWCZ stock opened at $7.93 on Tuesday. European Wax Center has a 12-month low of $7.45 and a 12-month high of $20.00. The company has a current ratio of 2.95, a quick ratio of 2.31 and a debt-to-equity ratio of 3.10. The stock’s 50-day moving average price is $10.18 and its 200-day moving average price is $12.03. The stock has a market capitalization of $482.38 million, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17.

European Wax Center (NASDAQ:EWCZ) 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.