Soho House & Co Inc. (NYSE:SHCO) Trading 4.1% Higher

Soho House & Co Inc. (NYSE:SHCO)’s stock price was up 4.1% during trading on Tuesday . The stock traded as high as $5.91 and last traded at $5.89. Approximately 85,987 shares were traded during trading, a decline of 63% from the average daily volume of 229,336 shares. The stock had previously closed at $5.66.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SHCO shares. Citigroup cut their price target on shares of Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, June 3rd. Roth Mkm restated a “buy” rating and issued a $7.50 price objective on shares of Soho House & Co Inc. in a research note on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.10.

Soho House & Co Inc. Price Performance

The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -7.45 and a beta of 0.74. The business’s 50 day simple moving average is $5.38 and its 200 day simple moving average is $5.50.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The business had revenue of $305.15 million for the quarter, compared to the consensus estimate of $302.73 million. During the same quarter in the previous year, the company posted ($0.01) EPS. As a group, analysts expect that Soho House & Co Inc. will post -0.35 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew Carnie sold 22,509 shares of Soho House & Co Inc. stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $5.77, for a total value of $129,876.93. Following the sale, the chief executive officer now owns 1,058,974 shares of the company’s stock, valued at $6,110,279.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 114,990 shares of company stock valued at $632,615 over the last quarter. Corporate insiders own 75.00% of the company’s stock.

Institutional Trading of Soho House & Co Inc.

Several hedge funds and other institutional investors have recently made changes to their positions in SHCO. Walleye Trading LLC acquired a new position in shares of Soho House & Co Inc. in the first quarter valued at approximately $79,000. Symmetry Investments LP raised its position in shares of Soho House & Co Inc. by 93.0% in the second quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock valued at $102,000 after buying an additional 9,300 shares during the last quarter. Jump Financial LLC raised its position in shares of Soho House & Co Inc. by 23.2% in the fourth quarter. Jump Financial LLC now owns 16,015 shares of the company’s stock valued at $114,000 after buying an additional 3,015 shares during the last quarter. Sapient Capital LLC acquired a new position in shares of Soho House & Co Inc. in the fourth quarter valued at approximately $387,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in shares of Soho House & Co Inc. in the first quarter valued at approximately $411,000. Hedge funds and other institutional investors own 62.35% of the company’s stock.

About Soho House & Co Inc.

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.