European Wax Center (NASDAQ:EWCZ) Price Target Cut to $16.00

European Wax Center (NASDAQ:EWCZFree Report) had its price target cut by Truist Financial from $17.00 to $16.00 in a report issued on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. Telsey Advisory Group reaffirmed an outperform rating and set a $18.00 price objective on shares of European Wax Center in a research report on Wednesday. Bank of America lowered their price target on European Wax Center from $19.00 to $16.00 and set a buy rating for the company in a research report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $16.67.

View Our Latest Stock Analysis on EWCZ

European Wax Center Stock Performance

European Wax Center stock opened at $10.67 on Thursday. European Wax Center has a fifty-two week low of $10.67 and a fifty-two week high of $20.00. The stock’s 50 day simple moving average is $12.03 and its two-hundred day simple moving average is $13.58. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.98 and a current ratio of 2.95. The stock has a market cap of $648.42 million, a price-to-earnings ratio of 42.68, a PEG ratio of 1.78 and a beta of 1.26.

European Wax Center (NASDAQ:EWCZGet Free Report) last issued its quarterly 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. The company had revenue of $56.33 million for the quarter, compared to analysts’ expectations of $53.98 million. European Wax Center had a return on equity of 11.01% and a net margin of 5.50%. As a group, analysts expect that European Wax Center will post 0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On European Wax Center

Hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of European Wax Center during the 3rd quarter valued at $31,000. SG Americas Securities LLC purchased a new stake in European Wax Center in the 4th quarter worth $129,000. Arizona State Retirement System purchased a new stake in European Wax Center in the 3rd quarter worth $163,000. Quest Partners LLC bought a new stake in European Wax Center during the fourth quarter valued at about $166,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of European Wax Center by 38.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,368 shares of the company’s stock valued at $281,000 after acquiring an additional 4,804 shares in the last quarter. 82.14% of the stock is currently owned by institutional investors.

About European Wax Center

(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.

Read More

Analyst Recommendations for European Wax Center (NASDAQ:EWCZ)

Receive News & Ratings for European Wax Center Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for European Wax Center and related companies with MarketBeat.com's FREE daily email newsletter.