European Wax Center, Inc. (NASDAQ:EWCZ) Given Average Rating of “Buy” by Brokerages

European Wax Center, Inc. (NASDAQ:EWCZGet Rating) has received a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $31.29.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of European Wax Center from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Robert W. Baird reduced their price objective on shares of European Wax Center from $38.00 to $35.00 in a research report on Friday, April 29th.

Several large investors have recently made changes to their positions in the company. Citigroup Inc. acquired a new position in shares of European Wax Center in the 3rd quarter valued at $40,000. JPMorgan Chase & Co. raised its position in European Wax Center by 18.1% during the 1st quarter. JPMorgan Chase & Co. now owns 10,200 shares of the company’s stock worth $270,000 after buying an additional 1,561 shares during the last quarter. New York State Common Retirement Fund lifted its stake in European Wax Center by 55.1% during the 4th quarter. New York State Common Retirement Fund now owns 5,585 shares of the company’s stock valued at $170,000 after acquiring an additional 1,985 shares during the period. Deutsche Bank AG boosted its holdings in shares of European Wax Center by 37.4% in the 4th quarter. Deutsche Bank AG now owns 8,042 shares of the company’s stock valued at $244,000 after acquiring an additional 2,191 shares during the last quarter. Finally, Rhumbline Advisers grew its position in European Wax Center by 29.8% during the 4th quarter. Rhumbline Advisers now owns 9,699 shares of the company’s stock worth $294,000 after purchasing an additional 2,225 shares during the period. Institutional investors and hedge funds own 69.41% of the company’s stock.

EWCZ stock traded up $0.11 during mid-day trading on Friday, hitting $24.56. The company had a trading volume of 10,459 shares, compared to its average volume of 359,351. The company has a quick ratio of 1.75, a current ratio of 2.36 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.56 billion and a price-to-earnings ratio of 203.75. European Wax Center has a 12-month low of $18.55 and a 12-month high of $34.67. The company has a 50-day moving average price of $28.00 and a 200 day moving average price of $27.17.

European Wax Center (NASDAQ:EWCZGet Rating) last released its quarterly earnings results on Tuesday, March 15th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.09 by $0.09. European Wax Center had a return on equity of 9.66% and a net margin of 3.31%. The company had revenue of $45.11 million during the quarter, compared to analyst estimates of $44.80 million. As a group, analysts expect that European Wax Center will post 0.19 EPS for the current year.

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

European Wax Center Company Profile (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.

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