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

Telsey Advisory Group reaffirmed their market perform rating on shares of European Wax Center (NASDAQ:EWCZ) in a research report released on Thursday morning,Benzinga reports. The firm currently has a $5.00 price objective on the stock.

Other research analysts also recently issued research reports about the stock. Robert W. Baird reduced their price target on shares of European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Morgan Stanley reduced their price target on shares of European Wax Center from $5.00 to $4.00 and set an “underweight” rating for the company in a research report on Wednesday, March 12th. 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 report on Thursday. Finally, Jefferies Financial Group set a $15.00 price target on shares of European Wax Center in a research report on Tuesday, March 11th. 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.94.

European Wax Center Trading Down 1.8%

Shares of European Wax Center stock opened at $5.40 on Thursday. The firm has a 50-day simple moving average of $3.75 and a two-hundred day simple moving average of $5.51. The company has a market cap of $298.87 million, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. European Wax Center has a fifty-two week low of $2.72 and a fifty-two week high of $12.04. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17.

European Wax Center (NASDAQ:EWCZ) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. European Wax Center had a net margin of 4.96% and a return on equity of 16.51%. The business had revenue of $51.43 million during the quarter, compared to the consensus estimate of $49.70 million. As a group, equities analysts predict that European Wax Center will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of European Wax Center

Several large investors have recently bought and sold shares of the business. Barclays PLC grew its stake in European Wax Center by 2.7% during the 4th quarter. Barclays PLC now owns 58,064 shares of the company’s stock valued at $388,000 after acquiring an additional 1,554 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of European Wax Center by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock valued at $84,000 after buying an additional 1,582 shares during the period. SG Americas Securities LLC grew its stake in shares of European Wax Center by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock valued at $103,000 after buying an additional 1,690 shares during the period. ExodusPoint Capital Management LP grew its stake in shares of European Wax Center by 7.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 34,871 shares of the company’s stock valued at $233,000 after buying an additional 2,429 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of European Wax Center by 7.6% in the 4th quarter. American Century Companies Inc. now owns 50,616 shares of the company’s stock valued at $338,000 after buying an additional 3,584 shares during the period. Hedge funds and other institutional investors own 82.14% of the company’s stock.

European Wax Center Company Profile

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.