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

Telsey Advisory Group reiterated their outperform rating on shares of European Wax Center (NASDAQ:EWCZ) in a report released on Thursday morning,Benzinga reports. They currently have a $8.00 price objective on the stock. Telsey Advisory Group also issued estimates for European Wax Center’s FY2025 earnings at $0.32 EPS.

Several other research firms also recently commented on EWCZ. Bank of America dropped their price target on shares of European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Citigroup cut European Wax Center from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $5.50 in a research note on Thursday, August 15th. Morgan Stanley reduced their price target on European Wax Center from $14.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 15th. Robert W. Baird lowered their price objective on European Wax Center from $13.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Finally, Truist Financial reduced their target price on shares of European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.64.

European Wax Center Stock Performance

Shares of European Wax Center stock opened at $5.90 on Thursday. The stock has a market capitalization of $353.58 million, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 2.71 and a beta of 1.11. The company has a debt-to-equity ratio of 3.18, a current ratio of 3.49 and a quick ratio of 2.72. The business has a 50-day moving average of $7.09 and a 200 day moving average of $8.63. European Wax Center has a 12 month low of $4.80 and a 12 month high of $16.07.

European Wax Center (NASDAQ:EWCZ) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. European Wax Center had a net margin of 5.61% and a return on equity of 13.84%. The firm had revenue of $59.87 million during the quarter, compared to analysts’ expectations of $61.27 million. As a group, sell-side analysts forecast that European Wax Center will post 0.24 earnings per share for the current year.

Hedge Funds Weigh In On European Wax Center

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of European Wax Center during the 3rd quarter worth approximately $93,000. Royce & Associates LP acquired a new stake in European Wax Center during the 3rd quarter worth $108,000. Aigen Investment Management LP purchased a new stake in European Wax Center in the third quarter valued at $114,000. Dark Forest Capital Management LP acquired a new position in European Wax Center in the second quarter valued at $127,000. Finally, Algert Global LLC acquired a new stake in shares of European Wax Center during the second quarter worth about $135,000. 82.14% of the stock is owned by institutional investors and hedge funds.

About European Wax Center

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.