Soho House & Co Inc. (NYSE:SHCO) Stock Rating Reaffirmed by Roth Mkm

Soho House & Co Inc. (NYSE:SHCO)‘s stock had its “buy” rating reiterated by equities research analysts at Roth Mkm in a research report issued on Monday, Benzinga reports. They currently have a $7.50 price target on the stock. Roth Mkm’s price objective indicates a potential upside of 50.91% from the company’s current price.

Separately, Citigroup lowered their price objective on Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Soho House & Co Inc. presently has an average rating of “Moderate Buy” and an average price target of $8.10.

Soho House & Co Inc. Stock Performance

SHCO stock traded down $0.06 during midday trading on Monday, hitting $4.97. 42,238 shares of the stock were exchanged, compared to its average volume of 227,183. The stock’s 50-day moving average price is $5.33 and its 200-day moving average price is $5.54. The stock has a market cap of $972.50 million, a price-to-earnings ratio of -6.54 and a beta of 0.74. Soho House & Co Inc. has a fifty-two week low of $4.35 and a fifty-two week high of $8.48.

Soho House & Co Inc. (NYSE:SHCO) last released its quarterly earnings results on Friday, May 10th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The firm had revenue of $263.15 million during the quarter, compared to the consensus estimate of $258.25 million. Research analysts anticipate that Soho House & Co Inc. will post -0.35 EPS for the current year.

Insider Buying and Selling at Soho House & Co Inc.

In other Soho House & Co Inc. news, CEO Andrew Carnie sold 22,509 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $5.77, for a total transaction of $129,876.93. Following the completion of the sale, the chief executive officer now owns 1,058,974 shares in the company, valued at approximately $6,110,279.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 114,990 shares of company stock worth $632,615 in the last 90 days. 75.00% of the stock is owned by corporate insiders.

Institutional Trading of Soho House & Co Inc.

Several hedge funds have recently made changes to their positions in SHCO. Sapient Capital LLC bought a new stake in shares of Soho House & Co Inc. in the 4th quarter worth approximately $387,000. Jump Financial LLC raised its stake in Soho House & Co Inc. by 23.2% during the 4th quarter. Jump Financial LLC now owns 16,015 shares of the company’s stock valued at $114,000 after acquiring an additional 3,015 shares in the last quarter. Thematics Asset Management raised its stake in Soho House & Co Inc. by 4.3% during the 4th quarter. Thematics Asset Management now owns 407,731 shares of the company’s stock valued at $2,903,000 after acquiring an additional 16,814 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in Soho House & Co Inc. during the 1st quarter valued at $411,000. Finally, Walleye Trading LLC bought a new stake in Soho House & Co Inc. during the 1st quarter valued at $79,000. Institutional investors own 62.35% of the company’s stock.

Soho House & Co Inc. Company Profile

Soho House & Co Inc operates a global membership platform of physical and digital spaces that connects a group of members. The company helps the members to use the platform to work, socialize, connect, create, and flourish all over the world. The company was formerly known as Membership Collective Group Inc and changed its name to Soho House & Co Inc in March 2023.