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

Soho House & Co Inc. (NYSE:SHCO)’s share price was up 4.2% on Friday . The stock traded as high as $6.49 and last traded at $6.47. Approximately 199,500 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 229,819 shares. The stock had previously closed at $6.21.

Analysts Set New Price Targets

A number of brokerages have issued reports on SHCO. Roth Mkm reiterated a “buy” rating and set a $7.50 price objective on shares of Soho House & Co Inc. in a research note on Monday, August 12th. 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 report on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Soho House & Co Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.10.

Soho House & Co Inc. Stock Performance

The stock has a fifty day simple moving average of $5.50 and a 200 day simple moving average of $5.53. The firm has a market cap of $1.23 billion, a P/E ratio of -8.17 and a beta of 0.74.

Soho House & Co Inc. (NYSE:SHCO) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.17) EPS 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 the consensus estimate of $302.73 million. During the same period last year, the firm earned ($0.01) EPS. Research analysts predict that Soho House & Co Inc. will post -0.35 earnings per share for the current year.

Insider Activity

In related news, CFO Thomas Glassbrooke Allen sold 32,336 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $6.03, for a total value of $194,986.08. Following the sale, the chief financial officer now owns 95,700 shares in the company, valued at $577,071. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Soho House & Co Inc. news, CEO Andrew Carnie sold 22,509 shares of the business’s stock in a transaction dated 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 directly owns 1,058,974 shares in the company, valued at approximately $6,110,279.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Thomas Glassbrooke Allen sold 32,336 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $6.03, for a total transaction of $194,986.08. Following the completion of the transaction, the chief financial officer now owns 95,700 shares in the company, valued at approximately $577,071. The disclosure for this sale can be found here. Insiders sold 155,883 shares of company stock valued at $879,714 over the last three months. Insiders own 75.00% of the company’s stock.

Institutional Investors Weigh In On Soho House & Co Inc.

Several hedge funds and other institutional investors have recently modified their holdings of SHCO. Walleye Trading LLC bought a new stake in Soho House & Co Inc. during the 1st quarter worth approximately $79,000. Jump Financial LLC raised its position in shares of 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 purchasing an additional 3,015 shares during the period. Symmetry Investments LP lifted its stake in shares of Soho House & Co Inc. by 93.0% during the 2nd 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 in the last quarter. Sapient Capital LLC bought a new position in Soho House & Co Inc. in the 4th quarter worth $387,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in Soho House & Co Inc. in the 1st quarter worth $411,000. 62.35% of the stock is currently owned by hedge funds and other institutional investors.

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.