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European Wax Center, Inc. (NASDAQ:EWCZ – Get Free Report) has received an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.00.
A number of research firms recently weighed in on EWCZ. Truist Financial increased their price target on European Wax Center from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Telsey Advisory Group restated a “market perform” rating and issued a $5.00 price target on shares of European Wax Center in a research note on Thursday, May 15th. Citigroup increased their price target on European Wax Center from $4.50 to $6.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. Finally, Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a research note on Saturday.
Get Our Latest Report on European Wax Center
European Wax Center Trading Down 2.4%
Shares of European Wax Center stock opened at $5.22 on Tuesday. European Wax Center has a 12-month low of $2.72 and a 12-month high of $10.28. The stock has a market cap of $288.17 million, a P/E ratio of 26.10, a P/E/G ratio of 0.59 and a beta of 1.50. The company has a quick ratio of 2.18, a current ratio of 2.71 and a debt-to-equity ratio of 3.79. The business’s 50 day moving average is $5.33 and its 200-day moving average is $5.28.
European Wax Center (NASDAQ:EWCZ – Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. European Wax Center had a return on equity of 23.65% and a net margin of 4.38%. The company had revenue of $51.43 million for the quarter, compared to analysts’ expectations of $49.70 million. Equities research analysts predict that European Wax Center will post 0.26 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew its holdings in shares of European Wax Center by 102.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,321,817 shares of the company’s stock worth $8,817,000 after purchasing an additional 667,723 shares in the last quarter. CenterBook Partners LP boosted its stake in European Wax Center by 42.2% in the fourth quarter. CenterBook Partners LP now owns 1,717,249 shares of the company’s stock valued at $11,454,000 after buying an additional 509,991 shares in the last quarter. Federated Hermes Inc. acquired a new stake in European Wax Center in the first quarter valued at about $1,543,000. Woodline Partners LP boosted its stake in European Wax Center by 92.7% in the fourth quarter. Woodline Partners LP now owns 643,755 shares of the company’s stock valued at $4,294,000 after buying an additional 309,673 shares in the last quarter. Finally, Marathon Partners Equity Management LLC acquired a new stake in European Wax Center in the fourth quarter valued at about $1,834,000. 82.14% of the stock is owned by institutional investors and hedge funds.
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.
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