In yesterday’s Wall Street session, European Wax Center Inc. (NASDAQ:EWCZ) shares traded at $17.06, down -6.88% from the previous session.
As of this writing, 8 analysts cover European Wax Center Inc. (NASDAQ:EWCZ). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $27.00 and a low of $16.00, we find $21.00. Given the previous closing price of $18.32, this indicates a potential upside of 14.63 percent. EWCZ stock price is now -0.78% away from the 50-day moving average and -5.55% away from the 200-day moving average. The market capitalization of the company currently stands at $1.06B.
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There are 3 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $21.71 as their price target over the next twelve months.
With the price target of $22, Piper Sandler recently initiated with Neutral rating for European Wax Center Inc. (NASDAQ: EWCZ). On August 30, 2021, Truist recently initiated its ‘Buy’ rating on the stock quoting a target price of $30, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’.
In other news, EWC Holdings, Inc., 10% Owner sold 1 shares of the company’s stock on Sep 30. The stock was sold for $18 at an average price of $18.48. Upon completion of the transaction, the 10% Owner now directly owns 2 shares in the company, valued at $34.12. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24, Director General Atlantic GenPar (EW), sold 4,860,000 shares of the business’s stock. A total of $104,490,000 was realized by selling the stock at an average price of $21.50. This leaves the insider owning 13,110,492 shares of the company worth $223.66 million. Insiders disposed of 22,948,877 shares of company stock worth roughly $391.51 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EWCZ stock. A new stake in European Wax Center Inc. shares was purchased by COOPER CREEK PARTNERS MANAGEMENT LLC during the first quarter worth $14,576,000. KINETIC PARTNERS MANAGEMENT, LP invested $5,838,000 in shares of EWCZ during the first quarter. In the first quarter, RIVERMONT CAPITAL MANAGEMENT LP acquired a new stake in European Wax Center Inc. valued at approximately $4,275,000. EVR RESEARCH LP acquired a new stake in EWCZ for approximately $3,241,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in EWCZ valued at around $2,420,000 in the second quarter. In total, there are 147 active investors with 93.90% ownership of the company’s stock.
Thursday morning saw European Wax Center Inc. (NASDAQ: EWCZ) opened at $19.24. During the past 12 months, European Wax Center Inc. has had a low of $12.02 and a high of $31.25. As of last week, the company has a debt-to-equity ratio of 5.31, a current ratio of 3.30, and a quick ratio of 2.40. The fifty day moving average price for EWCZ is $17.19 and a two-hundred day moving average price translates $18.06 for the stock.
The latest earnings results from European Wax Center Inc. (NASDAQ: EWCZ) was released for Sep, 2022. According to the Household & Personal Products Company, earnings per share came in at $0.11, beating analysts’ expectations of $0.08 by 0.03. This compares to -$0.30 EPS in the same period last year. The net profit margin was 1.70% and return on equity was 2.70% for EWCZ. The company reported revenue of $55.04 million for the quarter, compared to $49.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.31 percent. For the current quarter, analysts expect EWCZ to generate $51.07M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/06/2022. Investors who held shares on 04/22/2022 were paid a $3.30 dividend.
European Wax Center Inc.(EWCZ) Company Profile
European Wax Center, Inc. operates as the franchisor and operator of out-of-home waxing services in the United States. The company offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. As of March 26, 2022, it had a portfolio of centers operating in 874 locations across 44 states, including 868 franchised centers and six corporate-owned centers. European Wax Center, Inc. was founded in 2004 and is headquartered in Plano, Texas.
