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

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

Analyst Ratings Changes

A number of research firms recently weighed in on SHCO. Roth Mkm reaffirmed a “buy” rating and issued a $7.50 target price on shares of Soho House & Co Inc. in a research report on Monday, August 12th. Citigroup decreased 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 report on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Soho House & Co Inc. has an average rating of “Moderate Buy” and an average price target of $8.10.

Soho House & Co Inc. Price Performance

The business’s 50 day moving average is $5.53 and its 200-day moving average is $5.53.

Soho House & Co Inc. (NYSE:SHCO) last released its quarterly earnings data 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 company had revenue of $305.15 million for the quarter, compared to analyst estimates of $302.73 million. During the same period last year, the company posted ($0.01) EPS. On average, equities analysts anticipate that Soho House & Co Inc. will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Soho House & Co Inc.

In other Soho House & Co Inc. news, CEO Andrew Carnie sold 22,509 shares of the firm’s stock in a transaction that occurred 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 completion of 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 SEC, which can be accessed through the SEC website. In other news, CFO Thomas Glassbrooke Allen sold 32,336 shares of the company’s 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 transaction, the chief financial officer now directly owns 95,700 shares of the company’s stock, valued at $577,071. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $129,876.93. Following the transaction, the chief executive officer now directly owns 1,058,974 shares in the company, valued at $6,110,279.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,883 shares of company stock worth $879,714. 75.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Soho House & Co Inc.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jump Financial LLC lifted its holdings in Soho House & Co Inc. by 23.2% during the fourth 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 last quarter. Symmetry Investments LP increased its position in shares of Soho House & Co Inc. by 93.0% in the second quarter. Symmetry Investments LP now owns 19,300 shares of the company’s stock worth $102,000 after purchasing an additional 9,300 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Soho House & Co Inc. by 9.0% in the second quarter. Renaissance Technologies LLC now owns 114,702 shares of the company’s stock worth $609,000 after purchasing an additional 9,502 shares during the last quarter. Walleye Trading LLC purchased a new position in shares of Soho House & Co Inc. during the first quarter worth approximately $79,000. Finally, Thematics Asset Management raised its stake in shares of Soho House & Co Inc. by 4.3% during the fourth 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 in the last quarter. 62.35% of the stock is owned by hedge funds and other 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.