Telsey Advisory Group Issues Positive Forecast for European Wax Center (NASDAQ:EWCZ) Stock Price

European Wax Center (NASDAQ:EWCZ) had its price objective upped by Telsey Advisory Group from $5.00 to $5.80 in a report issued on Wednesday morning, MarketBeat reports. They currently have a market perform rating on the stock.

Several other research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of European Wax Center in a research report on Thursday, January 29th. Truist Financial lowered European Wax Center from a “buy” rating to a “hold” rating and cut their price target for the company from $6.00 to $5.80 in a report on Tuesday. Zacks Research raised European Wax Center from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Morgan Stanley set a $5.80 price objective on European Wax Center and gave the company an “equal weight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.37.

European Wax Center Price Performance

Shares of NASDAQ:EWCZ opened at $5.72 on Wednesday. The company has a quick ratio of 3.14, a current ratio of 3.67 and a debt-to-equity ratio of 3.57. The stock has a market capitalization of $310.94 million, a PE ratio of 22.00, a price-to-earnings-growth ratio of 0.53 and a beta of 1.46. The firm’s 50 day moving average price is $3.96 and its 200-day moving average price is $3.99. European Wax Center has a twelve month low of $2.72 and a twelve month high of $7.60.

Institutional Investors Weigh In On European Wax Center

Several institutional investors and hedge funds have recently modified their holdings of the stock. Virtus Advisers LLC bought a new stake in shares of European Wax Center in the 2nd quarter valued at approximately $30,000. Ritholtz Wealth Management bought a new position in shares of European Wax Center during the 3rd quarter valued at approximately $41,000. Vanguard Personalized Indexing Management LLC purchased a new stake in European Wax Center during the 2nd quarter valued at $60,000. M&T Bank Corp purchased a new stake in European Wax Center during the 4th quarter valued at $40,000. Finally, R Squared Ltd bought a new stake in European Wax Center in the third quarter worth $47,000. Institutional investors own 82.14% of the company’s stock.

About European Wax Center

European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.

Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.