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

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

Wall Street Analyst Weigh In

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

Soho House & Co Inc. Stock Performance

The business’s 50-day moving average price is $5.31 and its 200 day moving average price is $5.91.

Soho House & Co Inc. (NYSE:SHCO) last issued its quarterly earnings results on Friday, May 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The company had revenue of $263.15 million for the quarter, compared to analyst estimates of $258.25 million. Research analysts anticipate that Soho House & Co Inc. will post -0.35 EPS for the current year.

Institutional Trading of Soho House & Co Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in SHCO. Lansdowne Partners UK LLP bought a new stake in Soho House & Co Inc. during the third quarter valued at $18,114,000. LPL Financial LLC bought a new stake in Soho House & Co Inc. during the third quarter valued at $10,003,000. Algert Global LLC bought a new stake in Soho House & Co Inc. during the third quarter valued at $949,000. GSA Capital Partners LLP bought a new stake in Soho House & Co Inc. during the third quarter valued at $683,000. Finally, Swiss National Bank bought a new position in shares of Soho House & Co Inc. during the third quarter worth about $537,000. Institutional investors own 62.35% of the company’s stock.

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.