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

European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) has been assigned an average rating of "Hold" from the seven analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.36.

Several research firms have recently issued reports on EWCZ. Telsey Advisory Group lowered shares of European Wax Center from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $8.00 to $6.00 in a research report on Thursday, December 19th. Morgan Stanley reissued an "underweight" rating and issued a $5.00 price objective on shares of European Wax Center in a research report on Friday, November 15th.

Insider Transactions at European Wax Center

In other European Wax Center news, Director Nital P. Scott sold 4,344 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $5.85, for a total transaction of $25,412.40. Following the completion of the transaction, the director now directly owns 29,262 shares of the company's stock, valued at $171,182.70. This trade represents a 12.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.14% of the company's stock.

Hedge Funds Weigh In On European Wax Center

A number of hedge funds have recently bought and sold shares of EWCZ. SG Americas Securities LLC acquired a new position in shares of European Wax Center in the 3rd quarter valued at about $93,000. Royce & Associates LP bought a new position in European Wax Center in the 3rd quarter worth about $108,000. Aigen Investment Management LP acquired a new stake in shares of European Wax Center in the third quarter valued at approximately $114,000. Dark Forest Capital Management LP bought a new stake in shares of European Wax Center during the second quarter valued at approximately $127,000. Finally, Algert Global LLC bought a new position in European Wax Center in the 2nd quarter worth approximately $135,000. 82.14% of the stock is currently owned by institutional investors and hedge funds.

European Wax Center Trading Up 1.3 %

Shares of NASDAQ:EWCZ traded up $0.08 during trading on Friday, reaching $6.24. 1,119,075 shares of the stock were exchanged, compared to its average volume of 723,216. The firm's 50-day moving average price is $6.47 and its 200 day moving average price is $7.53. The firm has a market cap of $355.32 million, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. European Wax Center has a 12-month low of $4.80 and a 12-month 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.

About European Wax Center

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.