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

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have earned a consensus recommendation of “Reduce” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.84.

Several brokerages have recently weighed in on EWCZ. Zacks Research downgraded European Wax Center from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of European Wax Center in a research report on Thursday, January 29th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $5.80 target price on shares of European Wax Center in a research report on Thursday, March 5th. Robert W. Baird set a $5.80 target price on European Wax Center in a research report on Wednesday, February 11th. Finally, Truist Financial downgraded European Wax Center from a “buy” rating to a “hold” rating and decreased their target price for the stock from $6.00 to $5.80 in a research report on Tuesday, February 10th.

Institutional Investors Weigh In On European Wax Center

Several institutional investors and hedge funds have recently modified their holdings of the stock. M&T Bank Corp acquired a new position in shares of European Wax Center in the fourth quarter worth about $40,000. Ritholtz Wealth Management acquired a new position in shares of European Wax Center in the third quarter worth about $41,000. R Squared Ltd acquired a new position in shares of European Wax Center in the third quarter worth about $47,000. Brooklyn Investment Group acquired a new position in shares of European Wax Center in the third quarter worth about $47,000. Finally, Orion Porfolio Solutions LLC acquired a new position in shares of European Wax Center in the third quarter worth about $48,000. Hedge funds and other institutional investors own 82.14% of the company’s stock.

European Wax Center Price Performance

Shares of NASDAQ EWCZ opened at $5.82 on Monday. European Wax Center has a 1-year low of $3.24 and a 1-year high of $6.51. The business has a 50-day moving average of $5.80 and a 200-day moving average of $4.76. The company has a debt-to-equity ratio of 3.57, a current ratio of 2.70 and a quick ratio of 2.29. The company has a market capitalization of $317.41 million, a price-to-earnings ratio of 27.71, a PEG ratio of 0.67 and a beta of 1.23.

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.