Soho House & Co Inc. (NYSE:SHCO) Hits New 52-Week High – Should You Buy?

Soho House & Co Inc. (NYSE:SHCO)’s share price reached 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 150693 shares. The stock had previously closed at $8.96.

Wall Street Analysts Forecast Growth

SHCO has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Soho House & Co Inc. in a research report on Wednesday, October 8th. Zacks Research lowered shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research report 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.00.

Soho House & Co Inc. Price Performance

The company has a 50 day simple moving average of $8.88 and a 200-day simple moving average of $8.32. The stock has a market cap of $1.75 billion, a P/E ratio of -22.41 and a beta of 0.69.

Soho House & Co Inc. (NYSE:SHCO) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.12). The firm 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 net margin of 6.00% and a negative return on equity of 4.02%. As a group, research analysts expect that Soho House & Co Inc. will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On Soho House & Co Inc.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Soho House & Co Inc. in the third quarter worth about $29,000. CWM LLC increased its stake in Soho House & Co Inc. by 2,507.0% in the 2nd quarter. CWM LLC now owns 4,093 shares of the company’s stock worth $30,000 after purchasing an additional 3,936 shares during the period. Bank of America Corp DE lifted its position in Soho House & Co Inc. by 551.8% in the second quarter. Bank of America Corp DE now owns 6,766 shares of the company’s stock valued at $50,000 after purchasing an additional 5,728 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Soho House & Co Inc. by 65.8% during the third quarter. AlphaQuest LLC now owns 7,126 shares of the company’s stock valued at $63,000 after purchasing an additional 2,827 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of Soho House & Co Inc. by 37.4% in the second quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock worth $58,000 after purchasing an additional 2,143 shares during the last quarter. Institutional investors 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.