European Wax Center, Inc. (NASDAQ:EWCZ) Receives $7.31 Consensus PT from Brokerages

Shares of European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report) have earned an average recommendation of "Hold" from the seven research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $6.94.

EWCZ has been the topic of several analyst reports. Robert W. Baird reduced their target price on European Wax Center from $7.00 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Truist Financial reduced their price objective on shares of European Wax Center from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Tuesday. Telsey Advisory Group reiterated a "market perform" rating and set a $6.00 price objective on shares of European Wax Center in a research report on Tuesday, March 11th. Piper Sandler lowered shares of European Wax Center from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $9.00 to $7.00 in a report on Monday, January 6th. Finally, Morgan Stanley decreased their price target on European Wax Center from $5.00 to $4.00 and set an "underweight" rating for the company in a report on Wednesday, March 12th.

Institutional Trading of European Wax Center

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in European Wax Center by 18.9% in the third quarter. FMR LLC now owns 2,697,742 shares of the company's stock valued at $18,345,000 after acquiring an additional 428,280 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of European Wax Center by 37.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,204 shares of the company's stock worth $348,000 after purchasing an additional 14,086 shares in the last quarter. Walleye Capital LLC acquired a new stake in European Wax Center in the 3rd quarter valued at $754,000. XTX Topco Ltd acquired a new stake in European Wax Center in the 3rd quarter valued at $162,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in European Wax Center during the 3rd quarter valued at $451,000. 82.14% of the stock is owned by institutional investors.

European Wax Center Trading Down 4.9 %

Shares of NASDAQ EWCZ traded down $0.19 during trading on Friday, reaching $3.65. The company had a trading volume of 598,264 shares, compared to its average volume of 756,680. European Wax Center has a 12 month low of $2.72 and a 12 month high of $12.14. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81. The stock has a market cap of $202.01 million, a P/E ratio of 15.87, a PEG ratio of 1.72 and a beta of 1.15. The company's fifty day moving average price is $5.26 and its 200-day moving average price is $6.11.

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.