European Wax Center's (EWCZ) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of European Wax Center (NASDAQ:EWCZ - Free Report) in a research report released on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $6.00 price target on the stock.

EWCZ has been the subject of a number of other reports. Morgan Stanley restated an "underweight" rating and set a $5.00 price objective on shares of European Wax Center in a research note on Friday, November 15th. Piper Sandler lowered shares of European Wax Center from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $9.00 to $7.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $6.64.

European Wax Center Stock Down 0.3 %

Shares of NASDAQ EWCZ traded down $0.02 during trading on Tuesday, reaching $6.29. The company had a trading volume of 1,239,076 shares, compared to its average volume of 850,422. European Wax Center has a 12-month low of $4.80 and a 12-month high of $15.95. 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 business's 50-day moving average is $6.28 and its 200 day moving average is $7.11. The stock has a market cap of $358.17 million, a PE ratio of 27.35, a P/E/G ratio of 2.31 and a beta of 0.95.

Insider Activity 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 dated Tuesday, December 17th. The stock was sold at an average price of $5.85, for a total value of $25,412.40. Following the transaction, the director now directly owns 29,262 shares of the company's stock, valued at approximately $171,182.70. This trade represents a 12.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.14% of the stock is owned by insiders.

Hedge Funds Weigh In On European Wax Center

Several institutional investors have recently made changes to their positions in the business. Barclays PLC increased its holdings in European Wax Center by 365.7% during the third quarter. Barclays PLC now owns 56,510 shares of the company's stock valued at $385,000 after buying an additional 44,376 shares during the last quarter. Geode Capital Management LLC raised its holdings in European Wax Center by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 820,728 shares of the company's stock worth $5,582,000 after purchasing an additional 30,804 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in European Wax Center during the third quarter valued at $451,000. XTX Topco Ltd purchased a new position in European Wax Center during the third quarter valued at $162,000. Finally, Atom Investors LP grew its holdings in European Wax Center by 57.4% during the third quarter. Atom Investors LP now owns 184,784 shares of the company's stock valued at $1,257,000 after purchasing an additional 67,371 shares during the period. Institutional investors 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.