Analysts’ Recent Ratings Updates for European Wax Center (EWCZ)

European Wax Center (NASDAQ: EWCZ) has recently received a number of price target changes and ratings updates:

• 5/16/2024 – European Wax Center had its price target lowered by analysts at Citigroup Inc. from $19.00 to $16.00. They now have a “buy” rating on the stock.
• 5/16/2024 – European Wax Center had its price target lowered by analysts at Truist Financial Co. from $17.00 to $16.00. They now have a “buy” rating on the stock.
• 5/16/2024 – European Wax Center had its price target lowered by analysts at Bank of America Co. from $19.00 to $16.00. They now have a “buy” rating on the stock.
• 5/15/2024 – European Wax Center had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $18.00 price target on the stock.

European Wax Center Trading Up 0.4 %

European Wax Center stock opened at $10.43 on Friday. European Wax Center, Inc. has a 12 month low of $10.23 and a 12 month high of $20.00. The company has a quick ratio of 2.31, a current ratio of 2.95 and a debt-to-equity ratio of 3.10. The stock has a market cap of $633.83 million, a P/E ratio of 41.72, a P/E/G ratio of 2.09 and a beta of 1.26. The company’s fifty day simple moving average is $11.80 and its 200-day simple moving average is $13.46.

European Wax Center (NASDAQ:EWCZ) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. European Wax Center had a net margin of 5.50% and a return on equity of 11.01%. The firm had revenue of $56.33 million for the quarter, compared to analyst estimates of $53.98 million. As a group, sell-side analysts forecast that European Wax Center, Inc. will post 0.3 EPS for the current fiscal year.

Institutional Trading of European Wax Center

Several large investors have recently made changes to their positions in EWCZ. Bamco Inc. NY lifted its holdings in European Wax Center by 18.5% in the 3rd quarter. Bamco Inc. NY now owns 4,126,159 shares of the company’s stock worth $66,844,000 after purchasing an additional 642,726 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of European Wax Center by 13.1% during the 1st quarter. Champlain Investment Partners LLC now owns 3,745,511 shares of the company’s stock worth $48,617,000 after buying an additional 435,270 shares during the period. Wellington Management Group LLP grew its stake in European Wax Center by 19.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,202,055 shares of the company’s stock valued at $35,673,000 after buying an additional 360,006 shares during the last quarter. American Century Companies Inc. raised its holdings in European Wax Center by 17.5% in the 3rd quarter. American Century Companies Inc. now owns 1,338,265 shares of the company’s stock worth $21,680,000 after acquiring an additional 199,071 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in European Wax Center by 186.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 268,417 shares of the company’s stock worth $4,348,000 after acquiring an additional 174,812 shares during the last quarter. Institutional investors own 82.14% of the company’s stock.

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.