European Wax Center, Inc. (NASDAQ:EWCZ) Receives Average Rating of “Moderate Buy” from Analysts

European Wax Center, Inc. (NASDAQ:EWCZ) has received an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.64.

A number of equities research analysts have issued reports on the company. Robert W. Baird decreased their target price on European Wax Center from $13.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Piper Sandler reduced their price objective on European Wax Center from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Bank of America reduced their price objective on European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Truist Financial reduced their price objective on European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $8.00 price objective on shares of European Wax Center in a research report on Friday, September 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in European Wax Center during the third quarter worth $93,000. Royce & Associates LP acquired a new position in European Wax Center during the third quarter worth $108,000. Aigen Investment Management LP acquired a new position in European Wax Center during the third quarter worth $114,000. Dark Forest Capital Management LP acquired a new position in European Wax Center during the second quarter worth $127,000. Finally, Algert Global LLC acquired a new position in European Wax Center during the second quarter worth $135,000. 82.14% of the stock is owned by institutional investors.

European Wax Center Trading Up 1.6 %

NASDAQ:EWCZ opened at $7.85 on Thursday. The stock’s 50 day moving average price is $6.98 and its 200 day moving average price is $8.83. European Wax Center has a 52 week low of $4.80 and a 52 week high of $16.07. The company has a market capitalization of $470.84 million, a P/E ratio of 30.19, a P/E/G ratio of 2.51 and a beta of 1.11. 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) last announced its earnings results 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 firm had revenue of $59.87 million during the quarter, compared to analysts’ expectations of $61.27 million. European Wax Center had a return on equity of 13.84% and a net margin of 5.61%. On average, research analysts forecast that European Wax Center will post 0.24 EPS for the current fiscal year.

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.