Soho House & Co Inc. (NYSE:SHCO) Stock Price Down 8.7%

Soho House & Co Inc. (NYSE:SHCO) fell 8.7% during trading on Tuesday . The stock traded as low as $5.63 and last traded at $5.74. 79,354 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 230,062 shares. The stock had previously closed at $6.29.

Analysts Set New Price Targets

Several brokerages recently commented on SHCO. Citigroup lowered their price target on Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. Roth Mkm reissued a “buy” rating and issued a $7.50 price target on shares of Soho House & Co Inc. in a research note on Monday, August 12th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $5.50 price target on shares of Soho House & Co Inc. in a research note on Tuesday. One 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. currently has an average rating of “Moderate Buy” and a consensus price target of $7.80.

Soho House & Co Inc. Trading Up 1.3 %

The company has a fifty day moving average of $5.56 and a two-hundred day moving average of $5.53. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -7.25 and a beta of 0.74.

Soho House & Co Inc. (NYSE:SHCO) last posted its earnings results on Friday, August 9th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The company had revenue of $305.15 million during the quarter, compared to analysts’ expectations of $302.73 million. During the same period in the prior year, the business posted ($0.01) EPS. As a group, sell-side analysts predict that Soho House & Co Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Transactions at Soho House & Co Inc.

In other news, CEO Andrew Carnie sold 22,509 shares of the company’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 transaction, the chief executive officer now directly owns 1,058,974 shares in the company, valued at $6,110,279.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Thomas Glassbrooke Allen sold 21,461 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $5.74, for a total value of $123,186.14. Following the completion of the transaction, the chief financial officer now directly owns 119,532 shares in the company, valued at $686,113.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Carnie sold 22,509 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $5.77, for a total value of $129,876.93. Following the completion of the transaction, the chief executive officer now owns 1,058,974 shares of the company’s stock, valued at $6,110,279.98. The disclosure for this sale can be found here. Insiders sold a total of 177,344 shares of company stock worth $1,002,900 over the last three months. 75.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Mesirow Financial Investment Management Inc. bought a new stake in Soho House & Co Inc. in the first quarter valued at $411,000. Thematics Asset Management grew its position in Soho House & Co Inc. by 4.3% in the fourth 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 during the period. Walleye Trading LLC bought a new stake in Soho House & Co Inc. in the first quarter valued at $79,000. Renaissance Technologies LLC grew its position in Soho House & Co Inc. by 9.0% in the second quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock valued at $609,000 after acquiring an additional 9,502 shares during the period. Finally, Symmetry Investments LP grew its position in 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 acquiring an additional 9,300 shares during the period. 62.35% of the stock is currently owned by institutional investors and hedge funds.

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.