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

Telsey Advisory Group reissued their market perform rating on shares of European Wax Center (NASDAQ:EWCZ) in a research report sent to investors on Tuesday morning,Benzinga reports. Telsey Advisory Group currently has a $6.00 price target on the stock.

Other equities analysts also recently issued research reports about the company. Morgan Stanley reiterated an “underweight” rating and set a $5.00 price target on shares of European Wax Center in a report on Friday, November 15th. Piper Sandler downgraded shares of European Wax Center from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $9.00 to $7.00 in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, European Wax Center has a consensus rating of “Hold” and a consensus price target of $6.64.

European Wax Center Trading Down 3.7 %

Shares of NASDAQ EWCZ opened at $5.66 on Tuesday. The business has a 50 day simple moving average of $6.60 and a 200 day simple moving average of $6.63. European Wax Center has a 52 week low of $4.80 and a 52 week high of $15.50. The stock has a market cap of $322.30 million, a price-to-earnings ratio of 24.61, a PEG ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17.

Insiders Place Their Bets

In other European Wax Center news, Director Nital P. Scott sold 4,344 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $5.85, for a total value of $25,412.40. Following the completion of the sale, the director now owns 29,262 shares in the company, valued at approximately $171,182.70. This trade represents a 12.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EWCZ. Barclays PLC lifted its stake in shares of European Wax Center by 2.7% in the 4th quarter. Barclays PLC now owns 58,064 shares of the company’s stock valued at $388,000 after purchasing an additional 1,554 shares during the period. Price T Rowe Associates Inc. MD increased its stake in European Wax Center by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock worth $84,000 after purchasing an additional 1,582 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of European Wax Center by 12.3% in the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock valued at $103,000 after purchasing an additional 1,690 shares during the period. ExodusPoint Capital Management LP lifted its holdings in shares of European Wax Center by 7.5% in the fourth quarter. ExodusPoint Capital Management LP now owns 34,871 shares of the company’s stock valued at $233,000 after purchasing an additional 2,429 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of European Wax Center by 7.6% during the 4th quarter. American Century Companies Inc. now owns 50,616 shares of the company’s stock worth $338,000 after acquiring an additional 3,584 shares in the last quarter. 82.14% of the stock is currently owned by institutional investors.

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.