European Wax Center, Inc. (NASDAQ:EWCZ) Short Interest Update
by Renee Jackson · The Cerbat GemEuropean Wax Center, Inc. (NASDAQ:EWCZ – Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,172,973 shares, a decline of 22.5% from the March 15th total of 1,513,341 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily volume of 479,053 shares, the short-interest ratio is currently 2.4 days.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Mariner LLC raised its position in shares of European Wax Center by 12.9% in the fourth quarter. Mariner LLC now owns 19,996 shares of the company’s stock worth $72,000 after acquiring an additional 2,283 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of European Wax Center by 23.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,523 shares of the company’s stock worth $58,000 after acquiring an additional 2,794 shares during the period. CWM LLC raised its position in shares of European Wax Center by 22.0% in the fourth quarter. CWM LLC now owns 27,402 shares of the company’s stock worth $99,000 after acquiring an additional 4,944 shares during the period. JPMorgan Chase & Co. raised its position in shares of European Wax Center by 39.4% in the second quarter. JPMorgan Chase & Co. now owns 20,542 shares of the company’s stock worth $116,000 after acquiring an additional 5,803 shares during the period. Finally, Barclays PLC raised its position in shares of European Wax Center by 13.1% in the fourth quarter. Barclays PLC now owns 53,398 shares of the company’s stock worth $192,000 after acquiring an additional 6,185 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently issued reports on EWCZ. Weiss Ratings restated a “sell (d+)” rating on shares of European Wax Center in a research report on Thursday, January 29th. Telsey Advisory Group restated a “market perform” rating and set a $5.80 target price on shares of European Wax Center in a research report on Thursday, March 5th. Morgan Stanley set a $5.80 target price on shares of European Wax Center and gave the company an “equal weight” rating in a research report on Wednesday, February 11th. Truist Financial downgraded shares of European Wax Center from a “buy” rating to a “hold” rating and decreased their target price for the company from $6.00 to $5.80 in a research report on Tuesday, February 10th. Finally, Robert W. Baird set a $5.80 target price on shares of European Wax Center in a research report on Wednesday, February 11th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $5.84.
Get Our Latest Analysis on EWCZ
European Wax Center Price Performance
Shares of European Wax Center stock traded down $0.02 during trading hours on Thursday, reaching $5.82. The stock had a trading volume of 322,303 shares, compared to its average volume of 463,016. The stock’s 50 day moving average is $5.69 and its 200 day moving average is $4.46. The firm has a market capitalization of $317.42 million, a PE ratio of 27.71, a PEG ratio of 0.68 and a beta of 1.32. European Wax Center has a twelve month low of $2.95 and a twelve month high of $6.51. The company has a current ratio of 2.70, a quick ratio of 2.29 and a debt-to-equity ratio of 3.57.
European Wax Center Company Profile
European Wax Center is a national provider of hair removal services and related beauty products. The company operates through a network of company-owned and franchised locations, delivering professional waxing treatments for both women and men. Its core service offerings include facial waxing, bikini and Brazilian waxes, arm and leg treatments, back and chest services, and specialized body waxing. In addition to waxing services, European Wax Center markets a range of proprietary retail products such as pre- and post-wax skincare lotions, exfoliating treatments, and moisturizers designed to enhance client comfort and results.
Founded in 2004, European Wax Center introduced a standardized approach to the waxing experience, focusing on consistent training, customer education, and hygienic protocols.