European Wax Center, Inc. (NASDAQ:EWCZ) Given Consensus Rating of “Hold” by Brokerages

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have received an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $6.21.

EWCZ has been the topic of several research reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 target price on shares of European Wax Center in a research report on Tuesday, March 11th. Robert W. Baird reduced their price target on European Wax Center from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Morgan Stanley reduced their price target on European Wax Center from $5.00 to $4.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 12th. Finally, Piper Sandler downgraded European Wax Center from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $9.00 to $7.00 in a research report on Monday, January 6th.

Insider Buying and Selling at European Wax Center

In other European Wax Center news, Director Nital P. Scott sold 4,344 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $5.85, for a total value of $25,412.40. Following the sale, the director now owns 29,262 shares of the company’s stock, valued at approximately $171,182.70. This trade represents a 12.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.14% of the company’s stock.

Institutional Investors Weigh In On European Wax Center

Large investors have recently modified their holdings of the business. Barclays PLC boosted its holdings in shares of European Wax Center by 365.7% in the 3rd quarter. Barclays PLC now owns 56,510 shares of the company’s stock valued at $385,000 after purchasing an additional 44,376 shares in the last quarter. Algert Global LLC lifted its stake in shares of European Wax Center by 720.4% in the 3rd quarter. Algert Global LLC now owns 111,137 shares of the company’s stock valued at $756,000 after acquiring an additional 97,590 shares during the last quarter. Highland Peak Capital LLC bought a new position in shares of European Wax Center in the 4th quarter valued at $2,745,000. FMR LLC lifted its stake in shares of European Wax Center by 18.9% in the 3rd quarter. FMR LLC now owns 2,697,742 shares of the company’s stock valued at $18,345,000 after acquiring an additional 428,280 shares during the last quarter. Finally, Kanen Wealth Management LLC bought a new position in shares of European Wax Center in the 4th quarter valued at $637,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

European Wax Center Price Performance

European Wax Center stock opened at $4.35 on Wednesday. European Wax Center has a 12 month low of $2.72 and a 12 month high of $13.31. The stock’s 50 day moving average is $6.38 and its 200-day moving average is $6.56. The company has a current ratio of 3.17, a quick ratio of 2.42 and a debt-to-equity ratio of 3.81. The company has a market capitalization of $247.70 million, a price-to-earnings ratio of 18.91, a PEG ratio of 1.72 and a beta of 0.95.

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.