Shares of European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) have been given an average recommendation of "Hold" by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $6.64.
Several equities analysts have recently weighed in on the company. Telsey Advisory Group reissued a "market perform" rating and set a $6.00 target price on shares of European Wax Center in a research report on Tuesday. Morgan Stanley reissued an "underweight" rating and set a $5.00 target price on shares of European Wax Center in a research report on Friday, November 15th. Finally, Piper Sandler downgraded European Wax Center from an "overweight" rating to a "neutral" rating and cut their target price for the company from $9.00 to $7.00 in a research report on Monday, January 6th.
Check Out Our Latest Analysis on European Wax Center
European Wax Center Stock Performance
NASDAQ EWCZ opened at $4.45 on Wednesday. The company has a market cap of $253.40 million, a P/E ratio of 19.35, a P/E/G ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17. The business's 50 day moving average price is $6.52 and its 200-day moving average price is $6.61. European Wax Center has a fifty-two week low of $2.72 and a fifty-two week high of $14.64.
Insider Activity at European Wax Center
In other European Wax Center news, Director Nital P. Scott sold 4,344 shares of the company's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $5.85, for a total value of $25,412.40. Following the completion of the sale, the director now directly owns 29,262 shares in the company, valued at approximately $171,182.70. This represents a 12.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.14% of the stock is owned by company insiders.
Institutional Investors Weigh In On European Wax Center
Hedge funds have recently made changes to their positions in the company. Two Sigma Securities LLC purchased a new stake in shares of European Wax Center in the 4th quarter worth $83,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of European Wax Center by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock worth $84,000 after buying an additional 1,582 shares during the period. Oxford Asset Management LLP purchased a new stake in shares of European Wax Center in the 4th quarter worth $88,000. SG Americas Securities LLC lifted its holdings in shares of European Wax Center by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company's stock worth $103,000 after buying an additional 1,690 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of European Wax Center during the 4th quarter worth $106,000. 82.14% of the stock is currently owned by hedge funds and other institutional investors.
About European Wax Center
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Get Free ReportEuropean 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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