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

European Wax Center, Inc. (NASDAQ:EWCZ) has received an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $7.3667.

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised European Wax Center from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Robert W. Baird set a $5.80 price target on European Wax Center in a research report on Wednesday, February 11th. Zacks Research raised European Wax Center from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Morgan Stanley set a $5.80 price objective on shares of European Wax Center and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $5.80 target price on shares of European Wax Center in a report on Thursday, February 26th.

Institutional Trading of European Wax Center

A number of hedge funds have recently modified their holdings of the business. Virtus Advisers LLC acquired a new stake in shares of European Wax Center in the second quarter worth $30,000. M&T Bank Corp acquired a new stake in European Wax Center during the 4th quarter worth about $40,000. Ritholtz Wealth Management purchased a new position in European Wax Center during the 3rd quarter valued at about $41,000. R Squared Ltd acquired a new position in shares of European Wax Center in the 3rd quarter valued at about $47,000. Finally, Brooklyn Investment Group acquired a new position in shares of European Wax Center in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 82.14% of the company’s stock.

European Wax Center Trading Up 0.3%

Shares of NASDAQ:EWCZ opened at $5.74 on Wednesday. The company has a debt-to-equity ratio of 3.57, a quick ratio of 3.14 and a current ratio of 3.67. The stock has a market capitalization of $312.03 million, a price-to-earnings ratio of 22.08, a PEG ratio of 0.53 and a beta of 1.38. European Wax Center has a 1-year low of $2.72 and a 1-year high of $6.51. The company has a 50 day moving average price of $4.47 and a 200 day moving average price of $4.11.

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.