European Wax Center (NASDAQ:EWCZ) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of European Wax Center (NASDAQ:EWCZ) in a research report released on Thursday morning,Benzinga reports. They currently have a $5.00 price target on the stock.

Several other brokerages have also recently weighed in on EWCZ. Wall Street Zen cut shares of European Wax Center from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Weiss Ratings initiated coverage on shares of European Wax Center in a report on Saturday, November 1st. They set a “sell (d+)” rating for the company. Finally, Robert W. Baird set a $5.50 target price on shares of European Wax Center in a research report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $6.93.

European Wax Center Price Performance

Shares of EWCZ stock traded down $0.01 during trading hours on Thursday, reaching $3.68. 280,799 shares of the company were exchanged, compared to its average volume of 584,101. The company has a market cap of $203.21 million, a price-to-earnings ratio of 18.40, a P/E/G ratio of 0.34 and a beta of 1.45. European Wax Center has a fifty-two week low of $2.72 and a fifty-two week high of $8.91. The company has a debt-to-equity ratio of 3.53, a current ratio of 3.38 and a quick ratio of 2.76. The stock’s fifty day moving average is $3.83 and its two-hundred day moving average is $4.49.

Hedge Funds Weigh In On European Wax Center

Hedge funds have recently bought and sold shares of the company. Virtus Advisers LLC bought a new stake in shares of European Wax Center in the 2nd quarter worth approximately $30,000. Ritholtz Wealth Management purchased a new position in shares of European Wax Center during the third quarter valued at approximately $41,000. Wealth Enhancement Advisory Services LLC lifted its holdings 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 valued at $58,000 after buying an additional 2,794 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of European Wax Center during the 2nd quarter valued at $60,000. Finally, CWM LLC raised its stake in European Wax Center by 1,275.9% during the 2nd quarter. CWM LLC now owns 14,337 shares of the company’s stock worth $81,000 after acquiring an additional 13,295 shares during the period. 82.14% of the stock is owned by hedge funds and other institutional investors.

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.