European Wax Center, Inc. (NASDAQ:EWCZ – Get Free Report)’s share price shot up 4.6% during mid-day trading on Thursday . The company traded as high as $11.39 and last traded at $11.36. 165,293 shares were traded during mid-day trading, a decline of 69% from the average session volume of 535,801 shares. The stock had previously closed at $10.86.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 price objective on shares of European Wax Center in a research report on Wednesday, March 6th. Piper Sandler increased their target price on shares of European Wax Center from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, January 11th.
Get Our Latest Stock Analysis on European Wax Center
European Wax Center Stock Up 2.5 %
European Wax Center (NASDAQ:EWCZ – Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $56.33 million for the quarter, compared to analyst estimates of $53.98 million. European Wax Center had a net margin of 4.04% and a return on equity of 6.69%. Equities research analysts predict that European Wax Center, Inc. will post 0.31 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of EWCZ. Quantbot Technologies LP acquired a new stake in shares of European Wax Center during the third quarter worth about $31,000. Ameritas Investment Partners Inc. grew its stake in shares of European Wax Center by 77.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,820 shares of the company’s stock valued at $53,000 after purchasing an additional 1,234 shares during the last quarter. UBS Group AG grew its stake in shares of European Wax Center by 184.8% in the 3rd quarter. UBS Group AG now owns 2,842 shares of the company’s stock valued at $52,000 after purchasing an additional 1,844 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of European Wax Center by 78.3% in the third quarter. Royal Bank of Canada now owns 2,888 shares of the company’s stock valued at $53,000 after purchasing an additional 1,268 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of European Wax Center by 43.6% during the third quarter. Tower Research Capital LLC TRC now owns 2,926 shares of the company’s stock worth $54,000 after purchasing an additional 889 shares during the last quarter. 82.14% of the stock is currently 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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