European Wax Center (NASDAQ:EWCZ) Hits New 1-Year Low at $11.13

Shares of European Wax Center, Inc. (NASDAQ:EWCZGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.13 and last traded at $11.33, with a volume of 15443 shares. The stock had previously closed at $11.43.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EWCZ. Piper Sandler raised their price objective on European Wax Center from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, January 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 price objective on shares of European Wax Center in a report on Wednesday, March 6th.

Check Out Our Latest Stock Analysis on EWCZ

European Wax Center Stock Performance

The firm has a fifty day simple moving average of $13.43 and a 200-day simple moving average of $14.18. The company has a market cap of $659.98 million, a PE ratio of 63.88, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 3.19.

European Wax Center (NASDAQ:EWCZGet Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. European Wax Center had a net margin of 4.04% and a return on equity of 6.69%. The business had revenue of $56.33 million during the quarter, compared to the consensus estimate of $53.98 million. On average, research analysts forecast that European Wax Center, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On European Wax Center

Several hedge funds have recently made changes to their positions in EWCZ. Quantbot Technologies LP acquired a new stake in shares of European Wax Center during the third quarter worth about $31,000. Point72 Middle East FZE acquired a new stake in shares of European Wax Center during the fourth quarter worth about $41,000. UBS Group AG boosted its stake in shares of European Wax Center by 184.8% during the third quarter. UBS Group AG now owns 2,842 shares of the company’s stock worth $52,000 after buying an additional 1,844 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of European Wax Center by 77.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,820 shares of the company’s stock worth $53,000 after buying an additional 1,234 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of European Wax Center by 78.3% during the third quarter. Royal Bank of Canada now owns 2,888 shares of the company’s stock worth $53,000 after buying an additional 1,268 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Company Profile

(Get Free Report)

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.

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