European Wax Center (NASDAQ:EWCZ - Get Free Report)'s stock had its "market perform" rating reaffirmed by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $6.00 price objective on the stock. Telsey Advisory Group's target price points to a potential upside of 17.42% from the stock's previous close.
EWCZ has been the subject of several other research reports. Morgan Stanley reiterated an "underweight" rating and issued a $5.00 price objective on shares of European Wax Center in a research note on Friday, November 15th. Piper Sandler downgraded shares of European Wax Center from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $9.00 to $7.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.64.
Read Our Latest Stock Analysis on European Wax Center
European Wax Center Stock Performance
EWCZ stock opened at $5.11 on Tuesday. The firm has a market cap of $290.98 million, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95. The company has a current ratio of 3.17, a quick ratio of 2.42 and a debt-to-equity ratio of 3.81. The stock has a 50-day moving average price of $6.56 and a 200-day moving average price of $6.62. European Wax Center has a 1-year low of $4.80 and a 1-year high of $14.89.
Insider Buying and Selling at European Wax Center
In other news, Director Nital P. Scott sold 4,344 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $171,182.70. This represents a 12.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.14% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On European Wax Center
Several institutional investors have recently bought and sold shares of the stock. Barclays PLC lifted its stake in European Wax Center by 2.7% during the 4th quarter. Barclays PLC now owns 58,064 shares of the company's stock valued at $388,000 after acquiring an additional 1,554 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of European Wax Center by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company's stock valued at $84,000 after purchasing an additional 1,582 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of European Wax Center by 12.3% during the fourth quarter. SG Americas Securities LLC now owns 15,416 shares of the company's stock valued at $103,000 after purchasing an additional 1,690 shares in the last quarter. ExodusPoint Capital Management LP boosted its holdings in European Wax Center by 7.5% during the fourth quarter. ExodusPoint Capital Management LP now owns 34,871 shares of the company's stock worth $233,000 after purchasing an additional 2,429 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in European Wax Center by 7.6% during the fourth quarter. American Century Companies Inc. now owns 50,616 shares of the company's stock worth $338,000 after purchasing an additional 3,584 shares during the last quarter. Institutional investors own 82.14% of the company's stock.
European Wax Center Company Profile
(
Get Free Report)
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.
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