European Wax Center, Inc. (NASDAQ:EWCZ) Receives $31.29 Average Price Target from Brokerages

Shares of European Wax Center, Inc. (NASDAQ:EWCZGet Rating) have been given an average recommendation of “Buy” by the nine analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $31.29.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of European Wax Center from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Robert W. Baird cut their price target on shares of European Wax Center from $38.00 to $35.00 in a report on Friday, April 29th.

Shares of European Wax Center stock traded up $0.92 on Friday, hitting $25.83. The stock had a trading volume of 279,644 shares, compared to its average volume of 405,211. The company has a quick ratio of 2.09, a current ratio of 2.84 and a debt-to-equity ratio of 0.50. European Wax Center has a one year low of $18.55 and a one year high of $34.67. The stock has a market cap of $1.64 billion and a price-to-earnings ratio of 215.25. The stock’s 50-day simple moving average is $28.10 and its two-hundred day simple moving average is $27.14.

European Wax Center (NASDAQ:EWCZGet Rating) last issued its earnings results on Tuesday, March 15th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.09. European Wax Center had a net margin of 3.31% and a return on equity of 9.60%. The firm had revenue of $45.11 million for the quarter, compared to analysts’ expectations of $44.80 million. As a group, equities analysts predict that European Wax Center will post 0.22 EPS for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Friday, May 6th. Shareholders of record on Friday, April 22nd were given a dividend of $3.30 per share. This represents a yield of 11.14%. The ex-dividend date was Thursday, April 21st.

A number of institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in European Wax Center by 3.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 35,868 shares of the company’s stock valued at $1,061,000 after buying an additional 1,116 shares during the period. Lazard Asset Management LLC purchased a new position in European Wax Center during the first quarter valued at $1,189,000. Lord Abbett & CO. LLC purchased a new position in shares of European Wax Center in the 1st quarter worth about $6,021,000. Hodges Capital Management Inc. raised its position in shares of European Wax Center by 2.1% in the 1st quarter. Hodges Capital Management Inc. now owns 386,063 shares of the company’s stock worth $11,412,000 after purchasing an additional 7,933 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its position in shares of European Wax Center by 473.5% in the 1st quarter. Champlain Investment Partners LLC now owns 605,995 shares of the company’s stock worth $17,913,000 after purchasing an additional 500,325 shares during the last quarter. 69.41% of the stock is owned by institutional investors and hedge funds.

About European Wax Center (Get Rating)

European Wax Center, Inc operates as a holding company for EWC Ventures, LLC that franchises and operates out-of-home waxing services in the United States. The company sells facial and body waxing products to franchisees. It offers Brazilian, body, brow, facial hair, and fast waxing services, as well as services related to men; and laser hair removal, sugaring, and threading services, as well as in-home solutions, such as shaving, chemical-based creams, epilators, at-home laser hair removal, and at-home waxing.

Further Reading

Analyst Recommendations for European Wax Center (NASDAQ:EWCZ)

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