European Wax Center, Inc. (NASDAQ:EWCZ) Given Average Recommendation of “Hold” by Brokerages

European Wax Center, Inc. (NASDAQ:EWCZ) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $7.64.

EWCZ has been the subject of several research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $8.00 target price on shares of European Wax Center in a research note on Thursday, November 14th. Bank of America reduced their price objective on European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Truist Financial dropped their target price on shares of European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Robert W. Baird reduced their price target on shares of European Wax Center from $13.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Finally, Citigroup cut shares of European Wax Center from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $16.00 to $5.50 in a research report on Thursday, August 15th.

Institutional Investors Weigh In On European Wax Center

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of European Wax Center by 365.7% in the third quarter. Barclays PLC now owns 56,510 shares of the company’s stock worth $385,000 after buying an additional 44,376 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 in the last quarter. Y Intercept Hong Kong Ltd bought a new position in European Wax Center in the 3rd quarter valued at $451,000. XTX Topco Ltd purchased a new position in shares of European Wax Center during the 3rd quarter valued at $162,000. Finally, Atom Investors LP increased its holdings in shares of European Wax Center by 57.4% in the third quarter. Atom Investors LP now owns 184,784 shares of the company’s stock worth $1,257,000 after purchasing an additional 67,371 shares during the period. 82.14% of the stock is owned by hedge funds and other institutional investors.

European Wax Center Trading Up 1.3 %

Shares of European Wax Center stock opened at $6.01 on Monday. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. The business has a fifty day simple moving average of $6.87 and a two-hundred day simple moving average of $8.24. European Wax Center has a 1 year low of $4.80 and a 1 year high of $16.07. The company has a market capitalization of $342.21 million, a price-to-earnings ratio of 26.13, a P/E/G ratio of 2.30 and a beta of 1.11.

About European Wax Center

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.