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

Telsey Advisory Group reiterated their market perform rating on shares of European Wax Center (NASDAQ:EWCZ) in a report released on Thursday,Benzinga reports. Telsey Advisory Group currently has a $5.80 target price on the stock.

Other analysts have also recently issued reports about the stock. Wall Street Zen raised shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Zacks Research raised shares of European Wax Center from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Weiss Ratings restated a “sell (d+)” rating on shares of European Wax Center in a research note on Thursday, January 29th. Morgan Stanley set a $5.80 price target on shares of European Wax Center and gave the stock an “equal weight” rating in a research report on Wednesday, February 11th. Finally, Truist Financial downgraded European Wax Center from a “buy” rating to a “hold” rating and decreased their price target for the stock from $6.00 to $5.80 in a research note on Tuesday, February 10th. One investment 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, European Wax Center has an average rating of “Hold” and a consensus price target of $7.37.

European Wax Center Price Performance

EWCZ stock opened at $5.77 on Thursday. The stock’s 50 day moving average is $4.56 and its two-hundred day moving average is $4.13. European Wax Center has a 52-week low of $2.72 and a 52-week high of $6.51. The company has a market capitalization of $313.66 million, a PE ratio of 27.48, a P/E/G ratio of 0.53 and a beta of 1.38. The company has a quick ratio of 3.14, a current ratio of 3.67 and a debt-to-equity ratio of 3.57.

Institutional Investors Weigh In On European Wax Center

Several institutional investors and hedge funds have recently bought and sold shares of EWCZ. CenterBook Partners LP grew its holdings in shares of European Wax Center by 14.1% during the second quarter. CenterBook Partners LP now owns 814,171 shares of the company’s stock valued at $4,584,000 after purchasing an additional 100,455 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of European Wax Center in the 2nd quarter worth about $376,000. Hillsdale Investment Management Inc. bought a new stake in European Wax Center in the 2nd quarter valued at about $5,524,000. MIG Capital LLC lifted its position in European Wax Center by 65.8% in the 2nd quarter. MIG Capital LLC now owns 2,057,186 shares of the company’s stock valued at $11,582,000 after purchasing an additional 816,657 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in European Wax Center during the 2nd quarter valued at about $447,000. Institutional investors and hedge funds 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.