Robert W. Baird Has Lowered Expectations for European Wax Center (NASDAQ:EWCZ) Stock Price

European Wax Center (NASDAQ:EWCZ) had its price target decreased by Robert W. Baird from $7.00 to $5.00 in a research note released on Wednesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other analysts also recently weighed in on EWCZ. Morgan Stanley reiterated an “underweight” rating and issued a $5.00 price objective on shares of European Wax Center in a research report on Friday, November 15th. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 price objective on shares of European Wax Center in a research report on Tuesday. Finally, Piper Sandler downgraded shares of European Wax Center from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $9.00 to $7.00 in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.21.

European Wax Center Trading Down 0.7 %

European Wax Center stock opened at $4.42 on Wednesday. The firm’s 50-day moving average is $6.47 and its 200-day moving average is $6.59. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17. European Wax Center has a 1 year low of $2.72 and a 1 year high of $13.64. The company has a market cap of $251.69 million, a P/E ratio of 19.22, a PEG ratio of 1.72 and a beta of 0.95.

Insider Buying and Selling at European Wax Center

In other European Wax Center news, Director Nital P. Scott sold 4,344 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $5.85, for a total transaction of $25,412.40. Following the transaction, the director now owns 29,262 shares of the company’s stock, valued at approximately $171,182.70. This trade represents a 12.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On European Wax Center

Large investors have recently bought and sold shares of the stock. Two Sigma Securities LLC acquired a new position in European Wax Center during the 4th quarter valued at about $83,000. Price T Rowe Associates Inc. MD grew its stake in shares of European Wax Center by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock worth $84,000 after purchasing an additional 1,582 shares during the last quarter. Oxford Asset Management LLP acquired a new position in shares of European Wax Center in the 4th quarter worth approximately $88,000. SG Americas Securities LLC grew its stake in shares of European Wax Center by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock worth $103,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of European Wax Center in the 4th quarter worth approximately $106,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Company Profile

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.