European Wax Center, Inc. (NASDAQ:EWCZ) Receives Average Recommendation of “Hold” from Analysts

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.64.

EWCZ has been the topic of a number of recent analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price target on shares of European Wax Center in a research report on Tuesday, January 14th. Morgan Stanley reiterated an “underweight” rating and issued a $5.00 price objective on shares of European Wax Center in a research report on Friday, November 15th. Finally, Piper Sandler cut European Wax Center from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $9.00 to $7.00 in a report on Monday, January 6th.

European Wax Center Stock Performance

European Wax Center stock opened at $6.36 on Tuesday. European Wax Center has a 52-week low of $4.80 and a 52-week high of $15.95. 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 stock has a fifty day moving average price of $6.14 and a two-hundred day moving average price of $7.01. The firm has a market capitalization of $362.14 million, a P/E ratio of 27.65, a P/E/G ratio of 2.17 and a beta of 0.95.

Insider Buying and Selling

In other European Wax Center news, Director Nital P. Scott sold 4,344 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $5.85, for a total value of $25,412.40. Following the completion of the sale, the director now owns 29,262 shares of the company’s stock, valued at approximately $171,182.70. This represents a 12.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.14% of the stock is currently owned by insiders.

Institutional Trading of European Wax Center

A number of large investors have recently made changes to their positions in the company. Dark Forest Capital Management LP acquired a new stake in shares of European Wax Center during the second quarter worth $127,000. Algert Global LLC acquired a new stake in European Wax Center in the 2nd quarter valued at approximately $135,000. SG Americas Securities LLC bought a new stake in European Wax Center in the 3rd quarter valued at approximately $93,000. Royce & Associates LP bought a new position in shares of European Wax Center during the 3rd quarter worth approximately $108,000. Finally, Aigen Investment Management LP bought a new stake in shares of European Wax Center in the third quarter worth $114,000. 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.