Brokerages Set European Wax Center, Inc. (NASDAQ:EWCZ) PT at $6.64

Shares of European Wax Center, Inc. (NASDAQ:EWCZ) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.21.

A number of equities analysts recently commented on EWCZ shares. Morgan Stanley dropped their price target on shares of European Wax Center from $5.00 to $4.00 and set an “underweight” rating for the company in a research note on Wednesday. Telsey Advisory Group restated a “market perform” rating and set a $6.00 target price on shares of European Wax Center in a research report on Tuesday. Robert W. Baird cut their target price on European Wax Center from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Piper Sandler lowered European Wax Center from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $9.00 to $7.00 in a research note on Monday, January 6th.

Insider Transactions at European Wax Center

In other European Wax Center news, Director Nital P. Scott sold 4,344 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was 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 directly owns 29,262 shares in the company, valued at approximately $171,182.70. This represents a 12.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.14% of the company’s stock.

Institutional Trading of European Wax Center

Several institutional investors and hedge funds have recently made changes to their positions in the company. Two Sigma Securities LLC bought a new position in European Wax Center during the 4th quarter worth about $83,000. Price T Rowe Associates Inc. MD increased its holdings in shares of European Wax Center by 14.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,452 shares of the company’s stock valued at $84,000 after acquiring an additional 1,582 shares during the period. Oxford Asset Management LLP bought a new position in shares of European Wax Center in the 4th quarter worth $88,000. SG Americas Securities LLC lifted its stake 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 worth $103,000 after purchasing an additional 1,690 shares during the last quarter. Finally, Royce & Associates LP purchased a new stake in shares of European Wax Center during the 3rd quarter worth $108,000. 82.14% of the stock is currently owned by institutional investors.

European Wax Center Stock Up 3.6 %

Shares of EWCZ opened at $4.35 on Wednesday. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81. The business has a fifty day moving average of $6.38 and a 200 day moving average of $6.56. The company has a market cap of $247.70 million, a PE ratio of 18.91, a P/E/G ratio of 1.72 and a beta of 0.95. European Wax Center has a 52-week low of $2.72 and a 52-week high of $13.31.

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.