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

Soho House & Co Inc. (NYSE:SHCO)’s stock price was up 4.2% during trading on Tuesday . The company traded as high as $5.49 and last traded at $5.49. Approximately 91,766 shares changed hands during mid-day 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

A number of equities research analysts recently commented on SHCO shares. William Blair reaffirmed an “outperform” rating on shares of Soho House & Co Inc. in a report on Monday, March 18th. Roth Mkm reduced their price objective on shares of Soho House & Co Inc. from $10.00 to $7.50 and set a “buy” rating for the company in a research note on Monday, March 18th. Finally, Citigroup reduced their price objective on shares of 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.10.

Soho House & Co Inc. Trading Up 3.6 %

The business’s 50-day moving average price is $5.29 and its 200 day moving average price is $5.84.

Soho House & Co Inc. (NYSE:SHCO) last announced its earnings results on Friday, May 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The company had revenue of $263.15 million for the quarter, compared to the consensus estimate of $258.25 million. As a group, sell-side analysts anticipate that Soho House & Co Inc. will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of Soho House & Co Inc.

Several hedge funds have recently added to or reduced their stakes in SHCO. Lansdowne Partners UK LLP bought a new position in shares of Soho House & Co Inc. during the third quarter valued at about $18,114,000. GSA Capital Partners LLP bought a new position in Soho House & Co Inc. in the third quarter worth about $683,000. Sapient Capital LLC bought a new position in Soho House & Co Inc. in the fourth quarter worth about $387,000. LPL Financial LLC bought a new position in Soho House & Co Inc. in the third quarter worth about $10,003,000. Finally, Jump Financial LLC raised its stake in Soho House & Co Inc. by 23.2% in the fourth quarter. Jump Financial LLC now owns 16,015 shares of the company’s stock worth $114,000 after buying an additional 3,015 shares in the last quarter. 62.35% of the stock is owned by institutional investors.

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.