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

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have earned a consensus rating of “Reduce” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $6.9286.

Several equities analysts recently commented on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $5.00 price target on shares of European Wax Center in a research note on Wednesday, November 12th. Weiss Ratings initiated coverage on shares of European Wax Center in a report on Saturday, November 1st. They issued a “sell (d+)” rating for the company. Finally, Wall Street Zen raised shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th.

Institutional Trading of European Wax Center

A number of institutional investors have recently modified their holdings of the stock. Nuveen LLC bought a new position in European Wax Center in the 1st quarter valued at about $361,000. Hillsdale Investment Management Inc. acquired a new stake in shares of European Wax Center during the 2nd quarter worth approximately $5,524,000. Dynamic Technology Lab Private Ltd bought a new position in European Wax Center in the first quarter valued at approximately $458,000. CenterBook Partners LP increased its stake in European Wax Center by 14.1% in the second quarter. CenterBook Partners LP now owns 814,171 shares of the company’s stock valued at $4,584,000 after acquiring an additional 100,455 shares during the last quarter. Finally, MIG Capital LLC raised its position in European Wax Center by 65.8% during the second quarter. MIG Capital LLC now owns 2,057,186 shares of the company’s stock valued at $11,582,000 after purchasing an additional 816,657 shares in the last quarter. 82.14% of the stock is currently owned by institutional investors.

European Wax Center Stock Performance

EWCZ opened at $3.77 on Friday. The company has a debt-to-equity ratio of 3.57, a current ratio of 3.67 and a quick ratio of 3.14. The business has a fifty day simple moving average of $3.77 and a 200 day simple moving average of $4.42. European Wax Center has a 1 year low of $2.72 and a 1 year high of $7.60. The company has a market capitalization of $204.94 million, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.39 and a beta of 1.45.

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.