Telsey Advisory Group Reaffirms “Market Perform” Rating for European Wax Center (NASDAQ:EWCZ)

European Wax Center (NASDAQ:EWCZ)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $5.80 price objective on the stock. Telsey Advisory Group’s target price points to a potential upside of 1.05% from the stock’s previous close.

A number of other research firms have also recently issued reports on EWCZ. Truist Financial cut European Wax Center from a “buy” rating to a “hold” rating and lowered their price objective for the company from $6.00 to $5.80 in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of European Wax Center in a research note on Thursday, January 29th. Wall Street Zen raised shares of European Wax Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Robert W. Baird set a $5.80 price objective on shares of European Wax Center in a research note on Wednesday, February 11th. Finally, Zacks Research upgraded shares of European Wax Center from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.37.

European Wax Center Trading Down 0.5%

Shares of EWCZ opened at $5.74 on Thursday. The stock’s 50-day moving average price is $4.60 and its 200 day moving average price is $4.14. The company has a quick ratio of 3.14, a current ratio of 2.70 and a debt-to-equity ratio of 3.57. The firm has a market capitalization of $312.03 million, a price-to-earnings ratio of 27.33, a P/E/G ratio of 0.54 and a beta of 1.38. European Wax Center has a 12-month low of $2.72 and a 12-month high of $6.51.

Institutional Investors Weigh In On European Wax Center

Several institutional investors and hedge funds have recently made changes to their positions in EWCZ. AQR Capital Management LLC grew its holdings in shares of European Wax Center by 294.3% in the 1st quarter. AQR Capital Management LLC now owns 223,120 shares of the company’s stock worth $881,000 after purchasing an additional 166,532 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in European Wax Center by 50.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 505,183 shares of the company’s stock valued at $1,995,000 after purchasing an additional 168,900 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in European Wax Center in the second quarter valued at about $376,000. Campbell & CO Investment Adviser LLC bought a new stake in European Wax Center during the second quarter worth about $447,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of European Wax Center by 39.4% during the second quarter. JPMorgan Chase & Co. now owns 20,542 shares of the company’s stock worth $116,000 after buying an additional 5,803 shares in the last quarter. Institutional investors and hedge funds own 82.14% of the company’s stock.

About European Wax Center

European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.

Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.