European Wax Center, Inc. (NASDAQ:EWCZ) Given Average Rating of “Hold” by Brokerages

European Wax Center, Inc. (NASDAQ:EWCZ) has received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $6.8750.

Several research analysts recently weighed in on the company. Zacks Research upgraded European Wax Center from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Wall Street Zen upgraded European Wax Center from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Morgan Stanley reaffirmed an “underweight” rating and issued a $3.75 price objective on shares of European Wax Center in a research report on Thursday, January 15th. Telsey Advisory Group reissued a “market perform” rating and set a $5.00 target price on shares of European Wax Center in a research report on Tuesday, January 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of European Wax Center in a research note on Thursday, January 29th.

Institutional Trading of European Wax Center

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EWCZ. Wealth Enhancement Advisory Services LLC increased its holdings in shares of European Wax Center by 23.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,523 shares of the company’s stock valued at $58,000 after purchasing an additional 2,794 shares during the period. CWM LLC increased its holdings in European Wax Center by 22.0% in the 4th quarter. CWM LLC now owns 27,402 shares of the company’s stock worth $99,000 after buying an additional 4,944 shares during the period. Virtus Advisers LLC purchased a new position in European Wax Center during the 2nd quarter worth approximately $30,000. JPMorgan Chase & Co. raised its position in European Wax Center by 39.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,542 shares of the company’s stock worth $116,000 after buying an additional 5,803 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in European Wax Center by 8.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 91,284 shares of the company’s stock valued at $514,000 after acquiring an additional 6,887 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Price Performance

Shares of EWCZ opened at $4.03 on Friday. The company has a 50 day moving average of $3.89 and a two-hundred day moving average of $3.99. The company has a quick ratio of 3.14, a current ratio of 3.67 and a debt-to-equity ratio of 3.57. European Wax Center has a twelve month low of $2.72 and a twelve month high of $7.60. The company has a market cap of $219.07 million, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 0.37 and a beta of 1.46.

European Wax Center Company Profile

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.