Soho House & Co Inc. (NYSE:SHCO) Shares Up 4.2%

Soho House & Co Inc. (NYSE:SHCO) rose 4.2% on Tuesday . The company traded as high as $5.49 and last traded at $5.49. Approximately 91,766 shares were traded during trading, a decline of 60% from the average daily volume of 229,274 shares. The stock had previously closed at $5.27.

Wall Street Analyst Weigh In

SHCO has been the topic of a number of recent analyst reports. Citigroup cut their price objective 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. William Blair restated an “outperform” rating on shares of Soho House & Co Inc. in a research note on Monday, March 18th. Finally, Roth Mkm cut their price objective on shares of Soho House & Co Inc. from $10.00 to $7.50 and set a “buy” rating on the stock in a research note on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Soho House & Co Inc. has a consensus rating of “Moderate Buy” and an average price target of $8.10.

Soho House & Co Inc. Price Performance

The firm’s 50-day simple moving average is $5.29 and its 200 day simple moving average is $5.82.

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

Institutional Trading of Soho House & Co Inc.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jump Financial LLC raised its holdings 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 worth $114,000 after buying an additional 3,015 shares during the period. Walleye Trading LLC acquired a new stake in Soho House & Co Inc. during the 1st quarter worth about $79,000. Thematics Asset Management raised its holdings 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 worth $2,903,000 after buying an additional 16,814 shares during the period. Sapient Capital LLC acquired a new stake in Soho House & Co Inc. during the 4th quarter worth about $387,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in Soho House & Co Inc. during the 1st quarter worth about $411,000. Institutional investors and hedge funds 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.