European Wax Center, Inc. (NASDAQ:EWCZ) Receives Consensus Rating of “Reduce” from Brokerages

European Wax Center, Inc. (NASDAQ:EWCZ) has been given a consensus recommendation of “Reduce” by the six research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $6.9167.

Several research firms have commented on EWCZ. Weiss Ratings started coverage on shares of European Wax Center in a report on Saturday, November 1st. They issued a “sell (d+)” rating on the stock. Telsey Advisory Group reiterated 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. 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.

Hedge Funds Weigh In On European Wax Center

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in European Wax Center in the 4th quarter valued at $86,000. PharVision Advisers LLC acquired a new stake in shares of European Wax Center during the third quarter worth $122,000. Sherbrooke Park Advisers LLC lifted its holdings in shares of European Wax Center by 179.2% during the third quarter. Sherbrooke Park Advisers LLC now owns 29,484 shares of the company’s stock worth $118,000 after buying an additional 18,923 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of European Wax Center by 38.9% in the third quarter. Qube Research & Technologies Ltd now owns 188,558 shares of the company’s stock valued at $752,000 after acquiring an additional 52,808 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of European Wax Center in the third quarter valued at about $56,000. Institutional investors own 82.14% of the company’s stock.

European Wax Center Stock Down 0.2%

EWCZ stock opened at $4.07 on Tuesday. European Wax Center has a 1-year low of $2.72 and a 1-year high of $7.60. The business’s 50 day simple moving average is $3.81 and its 200 day simple moving average is $4.16. The company has a current ratio of 3.67, a quick ratio of 3.14 and a debt-to-equity ratio of 3.57. The firm has a market capitalization of $221.25 million, a PE ratio of 15.65, a PEG ratio of 0.43 and a beta of 1.45.

About European Wax Center

European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.

Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.