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

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have been given a consensus rating of “Hold” by the seven research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $6.64.

Several equities research analysts recently commented on EWCZ shares. Morgan Stanley reissued an “underweight” rating and issued a $5.00 price target 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 dropped their price target for the stock from $9.00 to $7.00 in a research note on Monday, January 6th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $6.00 price target on shares of European Wax Center in a report on Tuesday, January 14th.

Insider Buying and Selling

In other news, Director Nital P. Scott sold 4,344 shares of European Wax Center 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 in the company, valued at approximately $171,182.70. The trade was a 12.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.14% of the stock is owned by insiders.

Institutional Trading of European Wax Center

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in shares of European Wax Center by 2.7% in the fourth quarter. Barclays PLC now owns 58,064 shares of the company’s stock valued at $388,000 after acquiring an additional 1,554 shares during the period. Price T Rowe Associates Inc. MD raised its stake in European Wax Center by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock valued at $84,000 after purchasing an additional 1,582 shares during the last quarter. SG Americas Securities LLC boosted its holdings in European Wax Center by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock valued at $103,000 after purchasing an additional 1,690 shares during the period. ExodusPoint Capital Management LP grew its position in European Wax Center by 7.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 34,871 shares of the company’s stock worth $233,000 after purchasing an additional 2,429 shares during the last quarter. Finally, American Century Companies Inc. grew its position in European Wax Center by 7.6% in the 4th quarter. American Century Companies Inc. now owns 50,616 shares of the company’s stock worth $338,000 after purchasing an additional 3,584 shares during the last quarter. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Stock Performance

Shares of NASDAQ EWCZ opened at $7.35 on Friday. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. European Wax Center has a one year low of $4.80 and a one year high of $15.83. The business’s 50-day moving average price is $6.38 and its two-hundred day moving average price is $6.71. The company has a market capitalization of $418.51 million, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95.

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.