One new option listing and one option delisting on June 30th » 08:3006/3006/30/22
New option listings for…
New option listings for June 30th include European Wax Center Inc (Class A Stock) (EWCZ). Option delistings effective June 30th include Vinco Ventures (BBIG).
|Over a week ago|
Jefferies names five top picks in lifestyle and growth platforms » 08:1506/1306/13/22
FXLV, ELY, XPOF, PLNT, EWCZ
Jefferies analyst Randal…
Jefferies analyst Randal Konik reviewed the key themes across his coverage with Q1 earnings season now over and believes that the best ways to play the current environment are looking for stocks with positive earnings revisions and compressed valuations. Screening his coverage, he identifies F45 Training (FXLV), Callaway Golf (ELY), Xponential Fitness (XPOF), Planet Fitness (PLNT) and European Wax Center (EWCZ) as his five top picks and "the best ways to make money TODAY," Konik tells investors. He keeps Buy ratings on all five stocks, with a $25 price target on F45, a $55 target on Callaway, a $30 price target on Xponential, a $115 price target on Planet Fitness and a $41 target on European Wax shares.
|Over a month ago|
European Wax Center 4.5M share Secondary priced at $21.50 » 18:3905/1905/19/22
The deal priced below…
The deal priced below last closing price of $22.35. BofA, Morgan Stanley and Jefferies are acting as joint book running managers for the offering.
Fly Intel: After-Hours Movers » 18:1905/1705/17/22
QTEK, DLO, AGYS, TCS, LVLU, NCMI, INCR, APPN, JHX, DOCS, QUIK, CAAP, CASA, EWCZ, ACRE
Check out this evening's…
European Wax Center announces offering of 4.5M Class A shares for holders » 16:2605/1705/17/22
European Wax Center…
European Wax Center announced the commencement of a proposed public offering of 4.5M shares of its Class A common stock by selling stockholders, including stockholders affiliated with General Atlantic, L.P. BofA Securities, Morgan Stanley and Jefferies are acting as the joint book-running managers and underwriters for the offering.
European Wax Center files to sell 4.5M shares of Class A common stock for holder 16:1505/1705/17/22
European Wax Center raises FY 22 EBITDA $69.5M-$72.5M from $69M-$72M » 16:4905/0405/04/22
Sees FY22 SSS growth …
Sees FY22 SSS growth 9.5% to 10.5%.
European Wax Center reports Q1 EBITDA of $15.2 M vs. $12.5M last year » 16:4705/0405/04/22
Reports Q1 revenue $207M,…
Reports Q1 revenue $207M, consensus $. Reports Q1 Same-store sales increased 29.0%. David Berg, Chief Executive Officer of European Wax Center, Inc., stated: "We are pleased with our performance as we start fiscal 2022, including strong consumer demand for our services and continued recovery from COVID-related headwinds early in fiscal 2021. Our strategic marketing initiatives drove increased customer engagement and wax pass redemptions, generating solid performance across our network and especially in our California centers. The strength of our development pipeline, evidenced by 21 net new center openings in the first quarter, continues to give us confidence in capitalizing on our long-term goal of over 3,000 centers nationwide. Lastly, we successfully completed our refinancing at the beginning of April, allowing us to secure a flexible fixed-rate capital structure and unlock value for our shareholders in the form of a special dividend."We are raising our expectations for the full year topline and bottom line as we continue to work towards our fiscal 2022 growth objectives that include new center growth, increasing our pipeline of wax specialists, capitalizing on our enhanced marketing and loyalty programs and optimizing our capital structure," Mr. Berg continued. "In addition, we will continue to leverage our scale to strategically manage costs and mitigate supply chain headwinds to deliver another year of strong financial growth. We have laid a solid foundation and look forward to the many opportunities ahead."
European Wax Center price target lowered to $35 from $38 at Baird » 06:4004/2904/29/22
Baird analyst Jonathan…
Baird analyst Jonathan Komp lowered the firm's price target on European Wax Center to $35 from $38 and keeps an Outperform rating on the shares. The analyst adjusted his price target following the recent $3.30 per share cash dividend, and he believes premium valuation metrics remain justified by its operating momentum and attractive franchise growth model.
European Wax Center announces special dividend of $3.30 per share » 17:5204/1104/11/22
European Wax Center…
European Wax Center announced that its Board of Directors has declared a special cash dividend of $3.30 per share to holders of Class A common stock and equivalent payments to unit holders of EWC Ventures, LLC funded in part by its completed whole business securitization, which included $400 =M of senior fixed-rate term notes. The special cash dividend will be paid on May 6 to shareholders of record as of April 22. The ex-dividend date will be April 21.