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

Telsey Advisory Group reissued their outperform rating on shares of European Wax Center (NASDAQ:EWCZ) in a report published on Thursday,Benzinga reports. The brokerage currently has a $8.00 price target on the stock. Telsey Advisory Group also issued estimates for European Wax Center’s FY2025 earnings at $0.32 EPS.

EWCZ has been the topic of several other reports. Truist Financial lowered their price objective on shares of European Wax Center from $16.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Morgan Stanley lowered their price target on European Wax Center from $14.00 to $5.00 and set an “equal weight” rating on the stock in a report on Thursday, August 15th. Bank of America reduced their price objective on 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. Robert W. Baird lowered their target price on European Wax Center from $13.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Finally, Citigroup lowered shares of European Wax Center from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $5.50 in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.64.

European Wax Center Price Performance

Shares of NASDAQ EWCZ traded down $0.07 during midday trading on Thursday, reaching $6.09. The company’s stock had a trading volume of 634,141 shares, compared to its average volume of 676,479. European Wax Center has a one year low of $4.80 and a one year high of $16.07. The company has a market cap of $365.28 million, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 2.71 and a beta of 1.11. The company has a 50 day moving average price of $7.11 and a 200 day moving average price of $8.69. The company has a current ratio of 3.49, a quick ratio of 2.72 and a debt-to-equity ratio of 3.18.

European Wax Center (NASDAQ:EWCZ) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $59.87 million during the quarter, compared to analyst estimates of $61.27 million. European Wax Center had a net margin of 5.61% and a return on equity of 13.84%. On average, equities research analysts expect that European Wax Center will post 0.24 EPS for the current year.

Institutional Investors Weigh In On European Wax Center

Several large investors have recently made changes to their positions in the company. Champlain Investment Partners LLC lifted its stake in European Wax Center by 13.1% in the first quarter. Champlain Investment Partners LLC now owns 3,745,511 shares of the company’s stock valued at $48,617,000 after acquiring an additional 435,270 shares during the last quarter. FMR LLC lifted its stake in shares of European Wax Center by 18.9% in the 3rd quarter. FMR LLC now owns 2,697,742 shares of the company’s stock valued at $18,345,000 after purchasing an additional 428,280 shares during the last quarter. Marshall Wace LLP acquired a new position in European Wax Center during the second quarter worth $3,274,000. Bamco Inc. NY raised its holdings in European Wax Center by 8.8% during the first quarter. Bamco Inc. NY now owns 3,265,000 shares of the company’s stock valued at $42,380,000 after buying an additional 265,000 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in European Wax Center in the 3rd quarter worth approximately $1,231,000. 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.