Telsey Advisory Group Reaffirms Outperform Rating for European Wax Center (NASDAQ:EWCZ)

European Wax Center (NASDAQ:EWCZ)‘s stock had its “outperform” rating restated by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $8.00 price objective on the stock. Telsey Advisory Group’s target price indicates a potential upside of 35.71% from the stock’s previous close. Telsey Advisory Group also issued estimates for European Wax Center’s FY2025 earnings at $0.32 EPS.

Other equities analysts have also issued research reports about the stock. Citigroup lowered shares of European Wax Center from a “buy” rating to a “neutral” rating and cut their target price for the stock from $16.00 to $5.50 in a research report on Thursday, August 15th. 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. Bank of America reduced their price target on 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. Morgan Stanley reduced their target price on European Wax Center from $14.00 to $5.00 and set an “equal weight” rating for the company in a report on Thursday, August 15th. Finally, Robert W. Baird lowered their price target on shares of European Wax Center from $13.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.64.

European Wax Center Stock Down 4.2 %

European Wax Center stock opened at $5.90 on Thursday. European Wax Center has a fifty-two week low of $4.80 and a fifty-two week high of $16.07. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.72 and a current ratio of 3.49. The firm’s 50-day simple moving average is $7.09 and its 200 day simple moving average is $8.65. The stock has a market cap of $353.58 million, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.71 and a beta of 1.11.

European Wax Center (NASDAQ:EWCZ) last released its earnings results on Wednesday, August 14th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. European Wax Center had a return on equity of 13.84% and a net margin of 5.61%. The company had revenue of $59.87 million for the quarter, compared to analysts’ expectations of $61.27 million. Research analysts predict that European Wax Center will post 0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Dark Forest Capital Management LP purchased a new position in shares of European Wax Center in the second quarter worth $127,000. Algert Global LLC bought a new stake in European Wax Center in the 2nd quarter worth $135,000. SG Americas Securities LLC purchased a new position in shares of European Wax Center in the third quarter valued at about $93,000. Royce & Associates LP bought a new position in shares of European Wax Center during the third quarter valued at about $108,000. Finally, Aigen Investment Management LP purchased a new stake in shares of European Wax Center during the third quarter worth about $114,000. Hedge funds and other 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.