European Wax Center (NASDAQ:EWCZ) Sets New 1-Year Low at $9.41

European Wax Center, Inc. (NASDAQ:EWCZ)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $9.41 and last traded at $9.51, with a volume of 51354 shares trading hands. The stock had previously closed at $9.60.

Analyst Ratings Changes

Several equities research analysts have issued reports on EWCZ shares. Citigroup decreased their price target on shares of European Wax Center from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Bank of America reduced their price target on European Wax Center from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of European Wax Center in a research report on Thursday, May 30th. Finally, Truist Financial reduced their target price on European Wax Center from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.33.

European Wax Center Trading Down 0.8 %

The company has a debt-to-equity ratio of 3.10, a quick ratio of 2.31 and a current ratio of 2.95. The firm has a market capitalization of $579.10 million, a price-to-earnings ratio of 38.40, a P/E/G ratio of 1.97 and a beta of 1.18. The business has a fifty day moving average price of $10.92 and a 200 day moving average price of $12.73.

European Wax Center (NASDAQ:EWCZ) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The firm had revenue of $51.87 million during the quarter, compared to the consensus estimate of $51.88 million. European Wax Center had a return on equity of 11.01% and a net margin of 5.50%. As a group, equities analysts forecast that European Wax Center, Inc. will post 0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of European Wax Center in the fourth quarter worth $129,000. Quest Partners LLC acquired a new stake in European Wax Center in the 4th quarter valued at $166,000. Trexquant Investment LP purchased a new position in European Wax Center in the third quarter valued at about $340,000. Diversified Trust Co lifted its stake in shares of European Wax Center by 4.5% during the fourth quarter. Diversified Trust Co now owns 22,365 shares of the company’s stock worth $304,000 after purchasing an additional 970 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of European Wax Center in the fourth quarter worth about $565,000. Hedge funds and other institutional investors own 82.14% of the company’s stock.

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.