European Wax Center (NASDAQ:EWCZ) Rating Reiterated by Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of European Wax Center (NASDAQ:EWCZFree Report) in a research report report published on Wednesday, Benzinga reports. Telsey Advisory Group currently has a $18.00 price target on the stock.

European Wax Center Stock Down 4.9 %

European Wax Center stock opened at $10.67 on Wednesday. European Wax Center has a fifty-two week low of $10.67 and a fifty-two week high of $20.00. The company has a market cap of $648.42 million, a PE ratio of 42.68, a PEG ratio of 1.88 and a beta of 1.26. 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 business’s 50-day simple moving average is $12.03 and its two-hundred day simple moving average is $13.59.

European Wax Center (NASDAQ:EWCZGet Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm 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 5.50% and a return on equity of 11.01%. Equities analysts anticipate that European Wax Center will post 0.3 EPS for the current year.

Institutional Investors Weigh In On European Wax Center

A number of institutional investors have recently modified their holdings of EWCZ. Quantbot Technologies LP purchased a new position in European Wax Center during the third quarter worth approximately $31,000. SG Americas Securities LLC acquired a new stake in European Wax Center in the 4th quarter valued at $129,000. Arizona State Retirement System acquired a new position in European Wax Center during the third quarter worth $163,000. Quest Partners LLC purchased a new position in European Wax Center during the fourth quarter valued at $166,000. Finally, Mirae Asset Global Investments Co. Ltd. grew 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 purchasing an additional 4,804 shares during the period. 82.14% of the stock is currently owned by institutional investors and hedge funds.

European Wax Center Company Profile

(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.

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Analyst Recommendations for European Wax Center (NASDAQ:EWCZ)

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