EWCZ FY2025 EPS Forecast Decreased by Telsey Advisory Group

European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) - Analysts at Telsey Advisory Group reduced their FY2025 earnings per share estimates for European Wax Center in a report released on Wednesday, March 12th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will post earnings of $0.19 per share for the year, down from their prior estimate of $0.31. Telsey Advisory Group has a "Market Perform" rating and a $6.00 price objective on the stock. The consensus estimate for European Wax Center's current full-year earnings is $0.26 per share.

Other analysts also recently issued research reports about the stock. Robert W. Baird dropped their target price on shares of European Wax Center from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Piper Sandler downgraded European Wax Center from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $9.00 to $7.00 in a report on Monday, January 6th. Jefferies Financial Group set a $15.00 target price on European Wax Center in a report on Tuesday, March 11th. Finally, Morgan Stanley cut their price target on shares of European Wax Center from $5.00 to $4.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, European Wax Center currently has an average rating of "Hold" and a consensus price target of $7.31.

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European Wax Center Trading Down 7.5 %

EWCZ stock traded down $0.32 during mid-day trading on Monday, hitting $3.96. 507,217 shares of the company were exchanged, compared to its average volume of 724,911. The business has a fifty day simple moving average of $6.26 and a 200-day simple moving average of $6.50. The firm has a market capitalization of $225.49 million, a P/E ratio of 17.28, a PEG ratio of 1.72 and a beta of 0.95. European Wax Center has a 12-month low of $2.72 and a 12-month high of $13.31. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81.

Hedge Funds Weigh In On European Wax Center

A number of institutional investors and hedge funds have recently modified their holdings of EWCZ. PharVision Advisers LLC acquired a new position in shares of European Wax Center during the 4th quarter worth about $403,000. Woodline Partners LP raised its stake in European Wax Center by 92.7% during the 4th quarter. Woodline Partners LP now owns 643,755 shares of the company's stock worth $4,294,000 after acquiring an additional 309,673 shares in the last quarter. Two Sigma Advisers LP boosted its stake in European Wax Center by 61.7% in the fourth quarter. Two Sigma Advisers LP now owns 135,200 shares of the company's stock valued at $902,000 after acquiring an additional 51,600 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of European Wax Center by 32.9% during the fourth quarter. Two Sigma Investments LP now owns 416,361 shares of the company's stock worth $2,777,000 after purchasing an additional 103,042 shares during the last quarter. Finally, State of Wyoming lifted its holdings in shares of European Wax Center by 135.9% in the 4th quarter. State of Wyoming now owns 52,700 shares of the company's stock valued at $352,000 after purchasing an additional 30,361 shares during the last quarter. 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.