European Wax Center’s (EWCZ) Market Perform Rating Reiterated at Telsey Advisory Group

European Wax Center (NASDAQ:EWCZ)‘s stock had its “market perform” rating restated by equities research analysts at Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $5.00 price objective on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 36.99% from the company’s current price.

Several other brokerages have also issued reports on EWCZ. Robert W. Baird set a $5.50 price target on European Wax Center in a research note on Thursday, August 14th. Weiss Ratings assumed coverage on shares of European Wax Center in a research report on Saturday, November 1st. They set a “sell (d+)” rating on the stock. Finally, Wall Street Zen lowered shares of European Wax Center from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $6.93.

European Wax Center Price Performance

EWCZ opened at $3.65 on Wednesday. The company has a debt-to-equity ratio of 3.53, a current ratio of 3.38 and a quick ratio of 2.76. The stock has a market capitalization of $201.55 million, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 0.33 and a beta of 1.45. The company’s 50 day simple moving average is $3.79 and its 200-day simple moving average is $4.52. European Wax Center has a one year low of $2.72 and a one year high of $8.91.

European Wax Center (NASDAQ:EWCZ) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.05). The company had revenue of $54.19 million during the quarter, compared to the consensus estimate of $52.34 million. European Wax Center had a return on equity of 28.38% and a net margin of 4.20%. European Wax Center has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that European Wax Center will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of European Wax Center

A number of hedge funds have recently modified their holdings of the company. Virtus Advisers LLC bought a new position in European Wax Center during the 2nd quarter worth approximately $30,000. Ritholtz Wealth Management acquired a new stake in European Wax Center in the third quarter worth $41,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of European Wax Center during the second quarter worth $60,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of European Wax Center during the second quarter worth $68,000. Finally, R Squared Ltd acquired a new position in shares of European Wax Center in the 3rd quarter valued at $47,000. 82.14% of the stock is currently owned by institutional investors and hedge funds.

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.