European Wax Center’s (EWCZ) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of European Wax Center (NASDAQ:EWCZ) in a research note released on Wednesday,Benzinga reports. Telsey Advisory Group currently has a $5.00 price target on the stock.

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

European Wax Center Trading Down 2.6%

European Wax Center stock opened at $3.80 on Wednesday. The firm has a market cap of $209.84 million, a PE ratio of 14.62, a P/E/G ratio of 0.35 and a beta of 1.45. The company has a current ratio of 3.67, a quick ratio of 2.76 and a debt-to-equity ratio of 3.57. The stock’s 50 day simple moving average is $3.78 and its two-hundred day simple moving average is $4.51. European Wax Center has a 12 month low of $2.72 and a 12 month high of $7.60.

Institutional Trading of European Wax Center

Institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in shares of European Wax Center by 378.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 228,066 shares of the company’s stock worth $901,000 after purchasing an additional 180,389 shares during the last quarter. Nuveen LLC acquired a new stake in shares of European Wax Center in the 1st quarter worth about $361,000. Federated Hermes Inc. acquired a new position in shares of European Wax Center during the first quarter worth approximately $1,543,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of European Wax Center during the first quarter valued at $458,000. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of European Wax Center by 340.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 118,952 shares of the company’s stock worth $470,000 after acquiring an additional 91,972 shares during the period. 82.14% of the stock is currently owned by hedge funds and other institutional investors.

About European Wax Center

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.