Soho House & Co Inc. (NYSE:SHCO) Trading Down 5.6%

Soho House & Co Inc. (NYSE:SHCO)’s stock price fell 5.6% during trading on Friday . The company traded as low as $5.00 and last traded at $5.01. 300,763 shares were traded during trading, an increase of 31% from the average session volume of 229,707 shares. The stock had previously closed at $5.31.

Wall Street Analyst Weigh In

A number of research firms recently commented on SHCO. Roth Mkm decreased their target price on shares of Soho House & Co Inc. from $10.00 to $7.50 and set a “buy” rating for the company in a research report on Monday, March 18th. Citigroup decreased their price target on shares of Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, June 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Soho House & Co Inc. in a report on Monday, March 18th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.10.

Soho House & Co Inc. Trading Down 5.6 %

The company’s fifty day moving average is $5.31 and its 200-day moving average is $5.91.

Soho House & Co Inc. (NYSE:SHCO) last released its quarterly earnings results on Friday, May 10th. The company reported ($0.24) 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, analysts forecast that Soho House & Co Inc. will post -0.35 EPS for the current year.

Institutional Trading of Soho House & Co Inc.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC grew its position in shares of Soho House & Co Inc. by 23.2% in 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 period. Barclays PLC acquired a new stake in shares of Soho House & Co Inc. in the third quarter valued at about $45,000. Corton Capital Inc. acquired a new stake in shares of Soho House & Co Inc. in the third quarter valued at about $89,000. Walleye Trading LLC acquired a new stake in shares of Soho House & Co Inc. in the first quarter valued at about $79,000. Finally, Thematics Asset Management grew its position in shares of Soho House & Co Inc. by 4.3% in the fourth quarter. Thematics Asset Management now owns 407,731 shares of the company’s stock valued at $2,903,000 after purchasing an additional 16,814 shares during the period. 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.