European Wax Center, Inc. (NASDAQ:EWCZ) Receives $6.93 Average PT from Brokerages

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have been assigned an average recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.9286.

A number of equities analysts recently issued reports on the stock. Robert W. Baird set a $5.50 price target on shares of European Wax Center in a research note on Thursday, August 14th. 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, August 13th. Truist Financial upped their price target on shares of European Wax Center from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Wall Street Zen cut shares of European Wax Center from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Citigroup upped their target price on shares of European Wax Center from $4.50 to $6.00 and gave the company a “neutral” rating in a research note on Monday, May 19th.

European Wax Center Stock Performance

Shares of European Wax Center stock opened at $4.16 on Wednesday. The stock has a market cap of $229.72 million, a price-to-earnings ratio of 20.80, a PEG ratio of 0.39 and a beta of 1.48. The firm’s 50-day moving average is $4.80 and its 200 day moving average is $4.74. European Wax Center has a 1 year low of $2.72 and a 1 year high of $8.91. The company has a debt-to-equity ratio of 3.53, a current ratio of 3.38 and a quick ratio of 2.76.

Hedge Funds Weigh In On European Wax Center

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtus Advisers LLC bought a new position in European Wax Center during the 2nd quarter valued at about $30,000. Vanguard Personalized Indexing Management LLC bought a new position in European Wax Center during the 2nd quarter valued at about $60,000. Wealth Enhancement Advisory Services LLC bought a new position in European Wax Center during the 2nd quarter valued at about $68,000. Price T Rowe Associates Inc. MD lifted its stake in European Wax Center by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock valued at $84,000 after acquiring an additional 1,582 shares during the period. Finally, CWM LLC lifted its stake in European Wax Center by 1,275.9% during the 2nd quarter. CWM LLC now owns 14,337 shares of the company’s stock valued at $81,000 after acquiring an additional 13,295 shares during the period. Institutional investors own 82.14% of the company’s stock.

About European Wax Center

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.