European Wax Center, Inc. (NASDAQ:EWCZ) Receives Average Recommendation of “Reduce” from Brokerages

European Wax Center, Inc. (NASDAQ:EWCZ) has been given an average rating of “Reduce” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.84.

Several analysts recently commented on EWCZ shares. Morgan Stanley set a $5.80 target price on European Wax Center and gave the company an “equal weight” rating in a research report on Wednesday, February 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $5.80 price target on shares of European Wax Center in a research report on Thursday, March 5th. Truist Financial lowered European Wax Center from a “buy” rating to a “hold” rating and lowered their price target for the company from $6.00 to $5.80 in a report on Tuesday, February 10th. Weiss Ratings restated a “sell (d+)” rating on shares of European Wax Center in a research note on Thursday, January 29th. Finally, Robert W. Baird set a $5.80 price objective on shares of European Wax Center in a report on Wednesday, February 11th.

Institutional Trading of European Wax Center

Institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its holdings in shares of European Wax Center by 21.7% in the fourth quarter. Hsbc Holdings PLC now owns 66,282 shares of the company’s stock valued at $237,000 after acquiring an additional 11,833 shares in the last quarter. Invesco Ltd. raised its holdings in European Wax Center by 15.6% during the fourth quarter. Invesco Ltd. now owns 128,971 shares of the company’s stock worth $464,000 after purchasing an additional 17,439 shares in the last quarter. Veradace Capital Management LLC acquired a new stake in European Wax Center in the fourth quarter worth approximately $6,522,000. Man Group plc lifted its position in European Wax Center by 4.6% in the fourth quarter. Man Group plc now owns 207,204 shares of the company’s stock worth $746,000 after purchasing an additional 9,031 shares during the period. Finally, AQR Capital Management LLC boosted its stake in European Wax Center by 16.6% during the 4th quarter. AQR Capital Management LLC now owns 806,639 shares of the company’s stock valued at $2,904,000 after purchasing an additional 115,076 shares in the last quarter. 82.14% of the stock is owned by institutional investors and hedge funds.

European Wax Center Stock Performance

EWCZ opened at $5.78 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.29 and a debt-to-equity ratio of 3.57. The business’s 50 day moving average is $5.13 and its 200-day moving average is $4.27. The stock has a market cap of $315.24 million, a PE ratio of 27.52, a price-to-earnings-growth ratio of 0.54 and a beta of 1.38. European Wax Center has a twelve month low of $2.95 and a twelve month high of $6.51.

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.