European Wax Center’s (EWCZ) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of European Wax Center (NASDAQ:EWCZ) in a report published on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $5.00 target price on the stock.

EWCZ has been the subject of several other reports. Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Weiss Ratings initiated coverage on shares of European Wax Center in a research note on Saturday, November 1st. They set a “sell (d+)” rating on the stock. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $6.88.

European Wax Center Price Performance

NASDAQ:EWCZ opened at $4.34 on Tuesday. The stock has a 50 day moving average of $3.83 and a two-hundred day moving average of $4.15. European Wax Center has a 12 month low of $2.72 and a 12 month high of $7.60. The firm has a market cap of $235.92 million, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 0.41 and a beta of 1.45. The company has a current ratio of 3.67, a quick ratio of 3.14 and a debt-to-equity ratio of 3.57.

Institutional Trading of European Wax Center

A number of hedge funds and other institutional investors have recently modified their holdings of EWCZ. Virtus Advisers LLC purchased a new position in shares of European Wax Center during the 2nd quarter worth $30,000. Ritholtz Wealth Management acquired a new stake in European Wax Center during the third quarter worth about $41,000. R Squared Ltd purchased a new position in European Wax Center during the third quarter worth about $47,000. Brooklyn Investment Group acquired a new position in European Wax Center in the 3rd quarter valued at about $47,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of European Wax Center in the 3rd quarter valued at approximately $48,000. 82.14% of the stock is owned by institutional investors and hedge funds.

European Wax Center Company Profile

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.