Q3 2024 EPS Estimates for Soho House & Co Inc. Lifted by Roth Capital (NYSE:SHCO)

Soho House & Co Inc. (NYSE:SHCO) – Roth Capital increased their Q3 2024 earnings estimates for shares of Soho House & Co Inc. in a report released on Monday, August 12th. Roth Capital analyst G. Kelly now anticipates that the company will post earnings of ($0.02) per share for the quarter, up from their previous estimate of ($0.03). The consensus estimate for Soho House & Co Inc.’s current full-year earnings is ($0.35) per share. Roth Capital also issued estimates for Soho House & Co Inc.’s Q4 2024 earnings at $0.01 EPS, FY2024 earnings at ($0.42) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at ($0.01) EPS and FY2025 earnings at ($0.19) EPS.

Soho House & Co Inc. (NYSE:SHCO) last released its earnings results on Friday, August 9th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The business had revenue of $305.15 million for the quarter, compared to analysts’ expectations of $302.73 million. During the same period in the prior year, the firm earned ($0.01) earnings per share.

Several other research firms have also recently commented on SHCO. Citigroup lowered their target price 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. Roth Mkm reissued a “buy” rating and set a $7.50 price objective on shares of Soho House & Co Inc. in a research note on Monday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Soho House & Co Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $8.10.

Soho House & Co Inc. Stock Performance

SHCO stock opened at $5.78 on Wednesday. The stock has a market capitalization of $1.13 billion, a P/E ratio of -7.60 and a beta of 0.74. Soho House & Co Inc. has a one year low of $4.35 and a one year high of $8.48. The company has a 50 day moving average price of $5.36 and a two-hundred day moving average price of $5.52.

Insider Activity

In related news, CEO Andrew Carnie sold 22,509 shares of Soho House & Co Inc. stock in a transaction on Friday, July 19th. The shares were sold at an average price of $5.77, for a total transaction of $129,876.93. Following the transaction, the chief executive officer now owns 1,058,974 shares in the company, valued at approximately $6,110,279.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 114,990 shares of company stock valued at $632,615 in the last ninety days. Company insiders own 75.00% of the company’s stock.

Hedge Funds Weigh In On Soho House & Co Inc.

Several hedge funds and other institutional investors have recently made changes to their positions in SHCO. Thematics Asset Management lifted its holdings in Soho House & Co Inc. by 4.3% in 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 in the last quarter. Renaissance Technologies LLC lifted its holdings in Soho House & Co Inc. by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock worth $609,000 after buying an additional 9,502 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in Soho House & Co Inc. in the 1st quarter worth $411,000. Sapient Capital LLC acquired a new position in Soho House & Co Inc. in the 4th quarter worth $387,000. Finally, Symmetry Investments LP lifted its holdings in Soho House & Co Inc. by 93.0% in the 2nd quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock worth $102,000 after buying an additional 9,300 shares in the last quarter. 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.