Soho House & Co Inc. (NYSE:SHCO) Sets New 52-Week High – What’s Next?

Shares of Soho House & Co Inc. (NYSE:SHCO) reached a new 52-week high during mid-day trading on Monday . The company 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.

Analysts Set New Price Targets

A number of analysts have recently commented on SHCO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Soho House & Co Inc. in a report on Wednesday, October 8th. Zacks Research cut Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Soho House & Co Inc. presently has an average rating of “Hold” and an average price target of $9.00.

Soho House & Co Inc. Trading Up 0.1%

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

Soho House & Co Inc. (NYSE:SHCO) last released 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 company had revenue of $370.75 million for the quarter, compared to the consensus estimate of $352.80 million. Soho House & Co Inc. had a negative return on equity of 4.02% and a negative net margin of 6.00%. On average, research analysts expect that Soho House & Co Inc. will post -0.43 earnings per share for the current year.

Institutional Trading of Soho House & Co Inc.

A number of large investors have recently added to or reduced their stakes in the company. Third Point LLC grew its holdings in Soho House & Co Inc. by 121.1% during the first quarter. Third Point LLC now owns 5,200,000 shares of the company’s stock worth $32,136,000 after purchasing an additional 2,847,924 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Soho House & Co Inc. in the third quarter valued at approximately $18,199,000. Pentwater Capital Management LP acquired a new stake in shares of Soho House & Co Inc. in the third quarter valued at approximately $13,063,000. Woodline Partners LP bought a new position in shares of Soho House & Co Inc. during the 3rd quarter worth approximately $11,195,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Soho House & Co Inc. during the 3rd quarter worth approximately $10,633,000. 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.