FY2025 EPS Estimates for EWCZ Cut by Telsey Advisory Group

European Wax Center, Inc. (NASDAQ:EWCZ) – Investment analysts at Telsey Advisory Group dropped their FY2025 earnings estimates for shares of European Wax Center in a report released on Wednesday, March 12th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings of $0.19 per share for the year, down from their previous forecast of $0.31. Telsey Advisory Group has a “Market Perform” rating and a $6.00 price objective on the stock. The consensus estimate for European Wax Center’s current full-year earnings is $0.26 per share.

Several other analysts have also recently weighed in on the stock. Robert W. Baird dropped their price objective on shares of European Wax Center from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Morgan Stanley decreased their target price on shares of European Wax Center from $5.00 to $4.00 and set an “underweight” rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group set a $15.00 target price on shares of European Wax Center in a report on Tuesday, March 11th. Finally, Piper Sandler lowered shares of European Wax Center from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $9.00 to $7.00 in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, European Wax Center presently has a consensus rating of “Hold” and a consensus price target of $7.31.

European Wax Center Price Performance

Shares of European Wax Center stock opened at $4.21 on Monday. European Wax Center has a twelve month low of $2.72 and a twelve month high of $13.31. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81. The company has a 50-day simple moving average of $6.30 and a two-hundred day simple moving average of $6.52. The stock has a market capitalization of $239.73 million, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95.

Institutional Investors Weigh In On European Wax Center

Several hedge funds and other institutional investors have recently made changes to their positions in EWCZ. Aigen Investment Management LP bought a new stake in shares of European Wax Center during the 3rd quarter valued at approximately $114,000. Victory Capital Management Inc. grew its holdings in shares of European Wax Center by 78.3% during the 3rd quarter. Victory Capital Management Inc. now owns 101,653 shares of the company’s stock valued at $691,000 after purchasing an additional 44,653 shares during the last quarter. Royce & Associates LP bought a new stake in shares of European Wax Center during the 3rd quarter valued at approximately $108,000. Landscape Capital Management L.L.C. bought a new stake in shares of European Wax Center during the 3rd quarter valued at approximately $1,231,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of European Wax Center by 4.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,334,532 shares of the company’s stock valued at $22,675,000 after purchasing an additional 155,875 shares during the last quarter. 82.14% of the stock is owned by institutional investors.

About European Wax Center

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.