Telsey Advisory Group Reiterates Market Perform Rating for European Wax Center (NASDAQ:EWCZ)

European Wax Center (NASDAQ:EWCZ)‘s stock had its “market perform” rating reaffirmed by stock analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They currently have a $5.80 price target on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 1.40% from the company’s previous close.

Several other equities research analysts also recently weighed in on EWCZ. Zacks Research raised shares of European Wax Center from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Morgan Stanley set a $5.80 price objective on European Wax Center and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of European Wax Center in a report on Thursday, January 29th. Finally, Truist Financial lowered shares of European Wax Center from a “buy” rating to a “hold” rating and lowered their price target for the stock from $6.00 to $5.80 in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.37.

European Wax Center Stock Down 0.2%

Shares of European Wax Center stock opened at $5.72 on Thursday. The business has a 50-day moving average of $4.39 and a 200-day moving average of $4.10. The company has a debt-to-equity ratio of 3.57, a current ratio of 3.67 and a quick ratio of 3.14. The company has a market capitalization of $310.94 million, a PE ratio of 22.00, a P/E/G ratio of 0.53 and a beta of 1.46. European Wax Center has a 1-year low of $2.72 and a 1-year high of $6.59.

Hedge Funds Weigh In On European Wax Center

Several hedge funds have recently made changes to their positions in EWCZ. Mariner LLC boosted its position in shares of European Wax Center by 12.9% in the 4th quarter. Mariner LLC now owns 19,996 shares of the company’s stock valued at $72,000 after purchasing an additional 2,283 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of European Wax Center by 23.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,523 shares of the company’s stock worth $58,000 after buying an additional 2,794 shares during the period. CWM LLC increased its position in shares of European Wax Center by 22.0% in the fourth quarter. CWM LLC now owns 27,402 shares of the company’s stock worth $99,000 after acquiring an additional 4,944 shares in the last quarter. Virtus Advisers LLC acquired a new stake in shares of European Wax Center during the second quarter valued at approximately $30,000. Finally, JPMorgan Chase & Co. lifted its position in shares of European Wax Center by 39.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,542 shares of the company’s stock valued at $116,000 after acquiring an additional 5,803 shares in the last quarter. Institutional investors and hedge funds own 82.14% of the company’s stock.

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.