European Wax Center (NASDAQ:EWCZ) Receives “Outperform” Rating from Telsey Advisory Group

European Wax Center (NASDAQ:EWCZ)‘s stock had its “outperform” rating restated by analysts at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They currently have a $8.00 target price on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 30.29% from the stock’s current price.

A number of other equities analysts have also recently weighed in on EWCZ. Citigroup cut European Wax Center from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $16.00 to $5.50 in a report on Thursday, August 15th. Robert W. Baird decreased their target price on shares of European Wax Center from $13.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Morgan Stanley reaffirmed an “underweight” rating and set a $5.00 price target on shares of European Wax Center in a research note on Friday, November 15th. Bank of America decreased their price objective on shares of European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, August 21st. Finally, Truist Financial dropped their target price on 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.64.

European Wax Center Price Performance

Shares of NASDAQ EWCZ opened at $6.14 on Thursday. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. European Wax Center has a 1-year low of $4.80 and a 1-year high of $16.07. The company has a market capitalization of $349.63 million, a price-to-earnings ratio of 26.70, a PEG ratio of 2.45 and a beta of 1.01. The business has a 50-day moving average of $6.76 and a 200-day moving average of $7.99.

Institutional Trading of European Wax Center

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of European Wax Center in the 3rd quarter valued at about $93,000. Royce & Associates LP bought a new position in European Wax Center in the third quarter worth about $108,000. Aigen Investment Management LP acquired a new position in European Wax Center in the third quarter valued at approximately $114,000. Dark Forest Capital Management LP bought a new position in shares of European Wax Center during the second quarter valued at approximately $127,000. Finally, Algert Global LLC acquired a new stake in shares of European Wax Center during the 2nd quarter worth approximately $135,000. Institutional investors own 82.14% of the company’s stock.

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.