Shares of European Wax Center, Inc. (NASDAQ:EWCZ – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $8.79.
Several equities research analysts have recently commented on EWCZ shares. Telsey Advisory Group restated an “outperform” rating and issued a $16.00 price objective on shares of European Wax Center in a research note on Wednesday, August 14th. Truist Financial lowered their price objective on European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Piper Sandler reduced their target price on shares of European Wax Center from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Bank of America decreased their target price on shares of 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. Finally, Morgan Stanley dropped their price target on shares of European Wax Center from $14.00 to $5.00 and set an “equal weight” rating for the company in a research report on Thursday, August 15th.
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Institutional Investors Weigh In On European Wax Center
European Wax Center Trading Up 2.9 %
Shares of NASDAQ:EWCZ opened at $7.33 on Wednesday. The stock’s 50-day simple moving average is $7.62 and its two-hundred day simple moving average is $10.23. The stock has a market capitalization of $445.88 million, a price-to-earnings ratio of 29.32, a PEG ratio of 2.29 and a beta of 1.13. European Wax Center has a 52-week low of $4.80 and a 52-week high of $18.14. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.72 and a current ratio of 3.49.
European Wax Center (NASDAQ:EWCZ – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $59.87 million for the quarter, compared to the consensus estimate of $61.27 million. European Wax Center had a net margin of 5.61% and a return on equity of 13.84%. Analysts expect that European Wax Center will post 0.24 EPS for the current year.
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.
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