Soho House & Co Inc. (NYSE:SHCO) Stock Price Down 3.4%

Soho House & Co Inc. (NYSE:SHCO) dropped 3.4% during trading on Monday . The company traded as low as $5.68 and last traded at $5.68. Approximately 10,540 shares traded hands during trading, a decline of 95% from the average daily volume of 229,334 shares. The stock had previously closed at $5.88.

Analyst Ratings Changes

SHCO has been the topic of several analyst reports. Citigroup cut their target price on 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. Roth Mkm reiterated 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 restated an “equal weight” rating and issued a $5.50 target price on shares of Soho House & Co Inc. in a research note on Tuesday, September 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.50.

Soho House & Co Inc. Trading Up 1.9 %

The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -7.05 and a beta of 0.78. The company has a fifty day moving average price of $5.58 and a 200-day moving average price of $5.52.

Soho House & Co Inc. (NYSE:SHCO) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The business had revenue of $305.15 million during the quarter, compared to the consensus estimate of $302.73 million. During the same period in the previous year, the firm earned ($0.01) earnings per share. As a group, research analysts forecast that Soho House & Co Inc. will post -0.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew Carnie sold 45,561 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $5.61, for a total value of $255,597.21. Following the completion of the transaction, the chief executive officer now owns 1,013,413 shares of the company’s stock, valued at approximately $5,685,246.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Andrew Carnie sold 45,561 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $5.61, for a total value of $255,597.21. Following the completion of the sale, the chief executive officer now owns 1,013,413 shares of the company’s stock, valued at approximately $5,685,246.93. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $123,186.14. Following the transaction, the chief financial officer now owns 119,532 shares of the company’s stock, valued at $686,113.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 177,344 shares of company stock valued at $1,002,900. Corporate insiders own 75.00% of the company’s stock.

Institutional Investors Weigh In On Soho House & Co Inc.

Several institutional investors have recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Soho House & Co Inc. in the first quarter valued at about $411,000. Thematics Asset Management raised its holdings in shares of 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 acquiring an additional 16,814 shares during the period. Walleye Trading LLC acquired a new position in shares of Soho House & Co Inc. during the 1st quarter valued at about $79,000. Renaissance Technologies LLC boosted 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 valued at $609,000 after purchasing an additional 9,502 shares during the last quarter. Finally, Symmetry Investments LP increased its holdings 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 worth $102,000 after buying an additional 9,300 shares during the last quarter. 62.35% of the stock is currently owned by institutional investors and hedge funds.

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.