European Wax Center, Inc. (NASDAQ:EWCZ - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The company traded as low as $10.25 and last traded at $10.32, with a volume of 55819 shares traded. The stock had previously closed at $10.39.
Analysts Set New Price Targets
A number of brokerages recently weighed in on EWCZ. Bank of America decreased their price target on shares of European Wax Center from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 16th. Citigroup cut their price objective on shares of European Wax Center from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 16th. Telsey Advisory Group restated an "outperform" rating and set a $18.00 price objective on shares of European Wax Center in a research report on Wednesday, May 15th. Finally, Truist Financial cut their price objective on shares of European Wax Center from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.67.
View Our Latest Analysis on European Wax Center
European Wax Center Stock Performance
The stock has a market capitalization of $639.32 million, a price-to-earnings ratio of 41.80, a PEG ratio of 2.12 and a beta of 1.26. The stock's 50 day moving average is $11.94 and its 200 day moving average is $13.54. The company has a current ratio of 2.95, a quick ratio of 2.31 and a debt-to-equity ratio of 3.10.
European Wax Center (NASDAQ:EWCZ - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. European Wax Center had a net margin of 5.50% and a return on equity of 11.01%. The firm had revenue of $56.33 million for the quarter, compared to analysts' expectations of $53.98 million. On average, analysts predict that European Wax Center, Inc. will post 0.3 earnings per share for the current year.
Institutional Investors Weigh In On European Wax Center
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in European Wax Center by 8.9% in the third quarter. Vanguard Group Inc. now owns 1,795,283 shares of the company's stock valued at $29,084,000 after buying an additional 146,238 shares during the period. American Century Companies Inc. raised its stake in shares of European Wax Center by 17.5% during the third quarter. American Century Companies Inc. now owns 1,338,265 shares of the company's stock valued at $21,680,000 after purchasing an additional 199,071 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of European Wax Center by 186.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 268,417 shares of the company's stock valued at $4,348,000 after purchasing an additional 174,812 shares during the period. ClariVest Asset Management LLC purchased a new stake in shares of European Wax Center during the third quarter valued at approximately $956,000. Finally, Federated Hermes Inc. raised its stake in shares of European Wax Center by 13.3% during the fourth quarter. Federated Hermes Inc. now owns 1,360,000 shares of the company's stock valued at $18,482,000 after purchasing an additional 160,000 shares during the period. 82.14% of the stock is owned by institutional investors and hedge funds.
About European Wax Center
(Get Free Report)
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.
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