Soho House & Co Inc. (NYSE:SHCO) Sets New 12-Month High – Time to Buy?

Shares of Soho House & Co Inc. (NYSE:SHCO) hit a new 52-week high during trading on Monday . The stock traded as high as $8.97 and last traded at $8.9650, with a volume of 294679 shares. The stock had previously closed at $8.96.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHCO. Zacks Research downgraded shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Soho House & Co Inc. in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.00.

Soho House & Co Inc. Price Performance

The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -22.41 and a beta of 0.69. The stock has a 50-day moving average of $8.88 and a 200 day moving average of $8.25.

Soho House & Co Inc. (NYSE:SHCO) last issued its earnings results on Friday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.12). The business had revenue of $370.75 million during the quarter, compared to the consensus estimate of $352.80 million. Soho House & Co Inc. had a negative net margin of 6.00% and a negative return on equity of 4.02%. Sell-side analysts anticipate that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SHCO. Quarry LP bought a new position in Soho House & Co Inc. in the third quarter valued at approximately $29,000. CWM LLC increased its position in shares of Soho House & Co Inc. by 2,507.0% during the second quarter. CWM LLC now owns 4,093 shares of the company’s stock worth $30,000 after acquiring an additional 3,936 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Soho House & Co Inc. during the first quarter worth $27,000. Bank of America Corp DE raised its holdings in shares of Soho House & Co Inc. by 551.8% during the second quarter. Bank of America Corp DE now owns 6,766 shares of the company’s stock worth $50,000 after acquiring an additional 5,728 shares during the period. Finally, Osaic Holdings Inc. lifted its position in Soho House & Co Inc. by 37.4% in the 2nd quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock valued at $58,000 after acquiring an additional 2,143 shares in the last quarter. Institutional investors and hedge funds own 62.35% of the company’s stock.

Soho House & Co Inc. Company Profile

Soho House & Co Inc is a global hospitality and membership company that operates a network of private clubs, hotels, restaurants, workspaces and leisure facilities aimed primarily at creative professionals. Its core offering revolves around exclusive, members-only “Houses” that combine social spaces, dining venues, screening rooms, spas and event programming under one roof. The company’s diversified portfolio extends to branded hotels and short-stay locations, as well as co-working facilities under the Soho Works banner.

The company was founded in 1995 by Nick Jones in London, with the inaugural House offering serving emerging artists, filmmakers and designers.