Robert W. Baird Cuts European Wax Center (NASDAQ:EWCZ) Price Target to $5.00

European Wax Center (NASDAQ:EWCZ) had its target price decreased by Robert W. Baird from $7.00 to $5.00 in a research note issued to investors on Wednesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other analysts also recently issued reports on the company. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price objective on shares of European Wax Center in a research report on Tuesday. Morgan Stanley restated an “underweight” rating and issued a $5.00 target price on shares of European Wax Center in a report on Friday, November 15th. Finally, Piper Sandler downgraded shares of European Wax Center from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $9.00 to $7.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.21.

European Wax Center Stock Up 3.6 %

EWCZ stock opened at $4.35 on Wednesday. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. The company’s 50 day simple moving average is $6.38 and its 200-day simple moving average is $6.56. European Wax Center has a 12 month low of $2.72 and a 12 month high of $13.31. The firm has a market capitalization of $247.70 million, a PE ratio of 18.91, a P/E/G ratio of 1.72 and a beta of 0.95.

Insider Transactions at European Wax Center

In other news, Director Nital P. Scott sold 4,344 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $5.85, for a total transaction 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. The trade was a 12.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Two Sigma Securities LLC purchased a new position in shares of European Wax Center in the 4th quarter valued at $83,000. Price T Rowe Associates Inc. MD boosted its position in shares of European Wax Center by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock worth $84,000 after buying an additional 1,582 shares during the period. Oxford Asset Management LLP acquired a new stake in shares of European Wax Center in the fourth quarter valued at about $88,000. SG Americas Securities LLC raised its holdings in shares of European Wax Center by 12.3% during the 4th quarter. SG Americas Securities LLC now owns 15,416 shares of the company’s stock valued at $103,000 after buying an additional 1,690 shares during the period. Finally, Intech Investment Management LLC acquired a new position in European Wax Center during the 4th quarter worth approximately $106,000. 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.