European Wax Center, Inc. (NASDAQ:EWCZ) Receives $7.37 Average Price Target from Brokerages

European Wax Center, Inc. (NASDAQ:EWCZ) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.3667.

Several equities analysts have commented on EWCZ shares. Wall Street Zen raised shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Robert W. Baird set a $5.80 price objective on European Wax Center in a report on Wednesday, February 11th. Morgan Stanley set a $5.80 target price on European Wax Center and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. Zacks Research upgraded European Wax Center from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of European Wax Center in a research report on Thursday, January 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mariner LLC boosted its holdings in European Wax Center by 12.9% during the fourth quarter. Mariner LLC now owns 19,996 shares of the company’s stock valued at $72,000 after acquiring an additional 2,283 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of European Wax Center by 23.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,523 shares of the company’s stock worth $58,000 after purchasing an additional 2,794 shares during the last quarter. CWM LLC boosted its stake in European Wax Center by 22.0% during the 4th quarter. CWM LLC now owns 27,402 shares of the company’s stock valued at $99,000 after purchasing an additional 4,944 shares during the period. Virtus Advisers LLC acquired a new stake in European Wax Center in the 2nd quarter valued at approximately $30,000. Finally, JPMorgan Chase & Co. increased its position in European Wax Center by 39.4% in 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 period. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Stock Performance

Shares of EWCZ opened at $5.72 on Wednesday. The firm has a market cap of $310.94 million, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 0.53 and a beta of 1.37. The company’s fifty day moving average is $4.39 and its 200-day moving average is $4.09. 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 12 month low of $2.72 and a 12 month high of $6.59.

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.