European Wax Center (NASDAQ:EWCZ) Price Target Cut to $12.00

European Wax Center (NASDAQ:EWCZ) had its target price trimmed by Piper Sandler from $15.00 to $12.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

EWCZ has been the topic of several other reports. Telsey Advisory Group restated an outperform rating and issued a $16.00 price objective on shares of European Wax Center in a research report on Thursday, May 30th. Citigroup cut their target price on 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. Truist Financial cut their target price on European Wax Center from $17.00 to $16.00 and set a buy rating for the company in a research note on Thursday, May 16th. Finally, Bank of America cut their target price on 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $15.00.

European Wax Center Trading Up 4.5 %

Shares of EWCZ opened at $9.79 on Thursday. The business’s 50-day moving average price is $10.84 and its 200-day moving average price is $12.69. European Wax Center has a twelve month low of $9.30 and a twelve month high of $20.00. The stock has a market cap of $595.53 million, a PE ratio of 39.16, a P/E/G ratio of 1.86 and a beta of 1.18. The company has a quick ratio of 2.31, a current ratio of 2.95 and a debt-to-equity ratio of 3.10.

European Wax Center (NASDAQ:EWCZ) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.06. The company had revenue of $51.87 million for the quarter, compared to analysts’ expectations of $51.88 million. European Wax Center had a net margin of 5.50% and a return on equity of 11.01%. On average, equities analysts forecast that European Wax Center will post 0.3 EPS for the current fiscal year.

Institutional Trading of European Wax Center

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of European Wax Center by 8.9% during the third quarter. Vanguard Group Inc. now owns 1,795,283 shares of the company’s stock valued at $29,084,000 after purchasing an additional 146,238 shares during the period. American Century Companies Inc. boosted 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. Teachers Retirement System of The State of Kentucky boosted its stake in shares of European Wax Center by 34.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 82,017 shares of the company’s stock valued at $1,115,000 after purchasing an additional 21,054 shares during the period. Federated Hermes Inc. boosted 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. Finally, Quest Partners LLC purchased a new stake in shares of European Wax Center during the fourth quarter valued at approximately $166,000. 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.