European Wax Center, Inc. (NASDAQ:EWCZ) Given Average Rating of "Moderate Buy" by Brokerages

European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $7.64.

A number of analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $8.00 target price on shares of European Wax Center in a research report on Friday, September 20th. Robert W. Baird decreased their price target on European Wax Center from $13.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, August 15th. Citigroup downgraded European Wax Center from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $16.00 to $5.50 in a research note on Thursday, August 15th. Morgan Stanley decreased their price target on European Wax Center from $14.00 to $5.00 and set an "equal weight" rating for the company in a research note on Thursday, August 15th. Finally, Truist Financial decreased their price target on European Wax Center from $16.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, August 15th.

European Wax Center Stock Up 1.8 %

Shares of NASDAQ EWCZ traded up $0.14 during midday trading on Thursday, reaching $7.99. 207,929 shares of the company's stock were exchanged, compared to its average volume of 660,705. European Wax Center has a 52-week low of $4.80 and a 52-week high of $16.07. The stock has a market capitalization of $479.24 million, a PE ratio of 30.19, a price-to-earnings-growth ratio of 2.58 and a beta of 1.11. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.72 and a current ratio of 3.49. The business's fifty day moving average price is $7.00 and its two-hundred day moving average price is $8.83.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. European Wax Center had a return on equity of 13.84% and a net margin of 5.61%. The business had revenue of $59.87 million for the quarter, compared to analyst estimates of $61.27 million. Analysts forecast that European Wax Center will post 0.24 EPS for the current year.

Hedge Funds Weigh In On European Wax Center

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

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.