European Wax Center, Inc. (NASDAQ:EWCZ) Given Consensus Rating of "Hold" by Analysts

European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) has been given a consensus rating of "Hold" by the seven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $7.64.

Several brokerages have recently issued reports on EWCZ. Truist Financial reduced their price objective on European Wax Center from $16.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Morgan Stanley restated an "underweight" rating and issued a $5.00 target price on shares of European Wax Center in a report on Friday, November 15th. Citigroup downgraded European Wax Center from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $16.00 to $5.50 in a report on Thursday, August 15th. Bank of America reduced their target price on European Wax Center from $16.00 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, August 21st. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $8.00 target price on shares of European Wax Center in a report on Thursday, November 14th.

European Wax Center Price Performance

NASDAQ EWCZ traded down $0.20 during trading hours on Monday, reaching $5.81. The company's stock had a trading volume of 682,863 shares, compared to its average volume of 711,748. The company's 50-day moving average is $6.87 and its two-hundred day moving average is $8.22. The stock has a market cap of $330.84 million, a PE ratio of 25.52, a PEG ratio of 2.30 and a beta of 1.11. European Wax Center has a fifty-two week low of $4.80 and a fifty-two week high of $16.07. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17.

Institutional Trading of European Wax Center

Several institutional investors and hedge funds have recently bought and sold shares of EWCZ. SG Americas Securities LLC acquired a new stake in European Wax Center in the third quarter valued at approximately $93,000. Royce & Associates LP bought a new stake in European Wax Center in the third quarter worth $108,000. Aigen Investment Management LP acquired a new position in European Wax Center during the third quarter worth $114,000. Dark Forest Capital Management LP bought a new position in European Wax Center during the second quarter valued at about $127,000. Finally, Algert Global LLC acquired a new stake in shares of European Wax Center in the second quarter worth about $135,000. Institutional investors and hedge funds 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.