Soho House & Co Inc. (NYSE:SHCO) CFO Thomas Glassbrooke Allen Sells 21,461 Shares of Stock

Soho House & Co Inc. (NYSE:SHCO) CFO Thomas Glassbrooke Allen sold 21,461 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $5.74, for a total value of $123,186.14. Following the transaction, the chief financial officer now directly owns 119,532 shares in the company, valued at $686,113.68. The sale was disclosed in a document filed with the SEC, which is available at this link.

Thomas Glassbrooke Allen also recently made the following trade(s):

• On Tuesday, August 27th, Thomas Glassbrooke Allen sold 8,557 shares of Soho House & Co Inc. stock. The stock was sold at an average price of $6.09, for a total transaction of $52,112.13.
• On Friday, August 23rd, Thomas Glassbrooke Allen sold 32,336 shares of Soho House & Co Inc. stock. The shares were sold at an average price of $6.03, for a total transaction of $194,986.08.

Soho House & Co Inc. Trading Down 1.6 %

Shares of Soho House & Co Inc. stock opened at $5.51 on Thursday. The company’s fifty day simple moving average is $5.56 and its two-hundred day simple moving average is $5.53. Soho House & Co Inc. has a 12-month low of $4.35 and a 12-month high of $8.48. The company has a market cap of $1.08 billion, a P/E ratio of -7.25 and a beta of 0.74.

Soho House & Co Inc. (NYSE:SHCO) last issued 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 company had revenue of $305.15 million for the quarter, compared to the consensus estimate of $302.73 million. During the same period in the prior year, the business posted ($0.01) earnings per share. Analysts predict that Soho House & Co Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SHCO shares. Citigroup decreased their price objective on Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, June 3rd. Morgan Stanley reiterated an “equal weight” rating and issued a $5.50 price objective on shares of Soho House & Co Inc. in a research report on Tuesday. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $7.50 target price on shares of Soho House & Co Inc. in a research note on Monday, August 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Soho House & Co Inc. has an average rating of “Moderate Buy” and an average price target of $7.80.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Walleye Trading LLC purchased a new stake in shares of Soho House & Co Inc. in the first quarter worth $79,000. Symmetry Investments LP raised its position in shares of 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 purchasing an additional 9,300 shares during the last quarter. Jump Financial LLC raised its position in shares of Soho House & Co Inc. by 23.2% in the 4th quarter. Jump Financial LLC now owns 16,015 shares of the company’s stock worth $114,000 after purchasing an additional 3,015 shares during the last quarter. Sapient Capital LLC bought a new position in Soho House & Co Inc. in the 4th quarter worth about $387,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in Soho House & Co Inc. during the 1st quarter valued at about $411,000. Hedge funds and other 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.