European Wax Center’s (EWCZ) Outperform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of European Wax Center (NASDAQ:EWCZ) in a research report sent to investors on Thursday morning,Benzinga reports. Telsey Advisory Group currently has a $8.00 target price on the stock.

Several other equities analysts have also issued reports on EWCZ. Morgan Stanley reissued an “underweight” rating and issued a $5.00 price target on shares of European Wax Center in a report on Friday, November 15th. Robert W. Baird dropped their price target on European Wax Center from $13.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Bank of America decreased their price objective on European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Citigroup downgraded shares of European Wax Center from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $16.00 to $5.50 in a report on Thursday, August 15th. Finally, Truist Financial cut their price target on shares of European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.64.

European Wax Center Stock Performance

Shares of NASDAQ:EWCZ opened at $5.90 on Thursday. The firm’s 50 day simple moving average is $6.75 and its 200 day simple moving average is $7.98. European Wax Center has a fifty-two week low of $4.80 and a fifty-two week high of $16.07. The company has a market capitalization of $335.95 million, a price-to-earnings ratio of 25.43, a P/E/G ratio of 2.35 and a beta of 1.01. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42.

Hedge Funds Weigh In On European Wax Center

Large investors have recently bought and sold shares of the company. Dark Forest Capital Management LP bought a new stake in shares of European Wax Center in the second quarter worth $127,000. Algert Global LLC bought a new stake in European Wax Center during the 2nd quarter worth about $135,000. SG Americas Securities LLC bought a new stake in European Wax Center during the 3rd quarter worth about $93,000. Royce & Associates LP acquired a new position in shares of European Wax Center during the 3rd quarter worth about $108,000. Finally, Aigen Investment Management LP bought a new position in shares of European Wax Center in the 3rd quarter valued at about $114,000. Institutional investors and hedge funds own 82.14% of the company’s stock.

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.