European Wax Center (NASDAQ:EWCZ) Now Covered by Weiss Ratings

Weiss Ratings began coverage on shares of European Wax Center (NASDAQ:EWCZ) in a report published on Saturday morning,Weiss Ratings reports. The brokerage issued a sell (d+) rating on the stock.

A number of other equities analysts have also recently issued reports on EWCZ. Telsey Advisory Group restated a “market perform” rating and issued a $5.00 price objective on shares of European Wax Center in a research report on Wednesday, August 13th. Wall Street Zen lowered European Wax Center from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Robert W. Baird set a $5.50 price objective on European Wax Center in a research report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $6.93.

European Wax Center Trading Down 0.9%

Shares of NASDAQ:EWCZ traded down $0.04 during trading on Friday, reaching $3.87. 94,343 shares of the company traded hands, compared to its average volume of 589,932. The company has a current ratio of 3.38, a quick ratio of 2.76 and a debt-to-equity ratio of 3.53. European Wax Center has a 52-week low of $2.72 and a 52-week high of $8.91. The firm has a market capitalization of $213.43 million, a price-to-earnings ratio of 19.33, a P/E/G ratio of 0.35 and a beta of 1.45. The business’s fifty day moving average is $3.89 and its 200-day moving average is $4.50.

Hedge Funds Weigh In On European Wax Center

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtus Advisers LLC bought a new stake in shares of European Wax Center in the 2nd quarter worth approximately $30,000. Ritholtz Wealth Management bought a new stake in European Wax Center in the third quarter worth $41,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of European Wax Center in the second quarter worth $60,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of European Wax Center during the second quarter valued at $68,000. Finally, CWM LLC increased its holdings in shares of European Wax Center by 1,275.9% during the second quarter. CWM LLC now owns 14,337 shares of the company’s stock valued at $81,000 after acquiring an additional 13,295 shares in the last quarter. Institutional investors 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.