European Wax Center, Inc. (NASDAQ:EWCZ) Given Average Recommendation of “Reduce” by Analysts

European Wax Center, Inc. (NASDAQ:EWCZ) has received an average rating of “Reduce” from the six brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $5.84.

EWCZ has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of European Wax Center from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. Truist Financial downgraded European Wax Center from a “buy” rating to a “hold” rating and cut their target price for the stock from $6.00 to $5.80 in a research report on Tuesday, February 10th. Telsey Advisory Group reissued a “market perform” rating and issued a $5.80 price objective on shares of European Wax Center in a research note on Thursday, March 5th. Morgan Stanley set a $5.80 target price on European Wax Center and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. Finally, Robert W. Baird set a $5.80 price target on shares of European Wax Center in a research report on Wednesday, February 11th.

European Wax Center Price Performance

Shares of EWCZ opened at $5.77 on Friday. European Wax Center has a one year low of $2.95 and a one year high of $6.51. The stock’s fifty day moving average is $5.00 and its 200-day moving average is $4.22. The company has a debt-to-equity ratio of 3.57, a quick ratio of 2.29 and a current ratio of 2.70. The firm has a market capitalization of $314.41 million, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 0.54 and a beta of 1.38.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Virtus Advisers LLC bought a new stake in shares of European Wax Center during the 2nd quarter worth $30,000. M&T Bank Corp acquired a new position in shares of European Wax Center in the 4th quarter valued at $40,000. Ritholtz Wealth Management purchased a new position in European Wax Center in the 3rd quarter worth about $41,000. R Squared Ltd acquired a new stake in European Wax Center during the 3rd quarter worth about $47,000. Finally, Brooklyn Investment Group purchased a new stake in European Wax Center during the third quarter valued at about $47,000. Institutional investors own 82.14% of the company’s stock.

European Wax Center Company Profile

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.