Soho House & Co Inc. (NYSE:SHCO) Reaches 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 Tuesday . The stock traded as high as $9.00 and last traded at $8.9950, with a volume of 274979 shares traded. The stock had previously closed at $8.91.

Analyst Ratings Changes

SHCO has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Soho House & Co Inc. in a research note on Wednesday, January 21st. Zacks Research lowered Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Soho House & Co Inc. presently has a consensus rating of “Reduce” and a consensus target price of $9.00.

Soho House & Co Inc. Stock Up 1.0%

The stock’s 50-day moving average price is $8.80 and its 200-day moving average price is $8.46. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -22.49 and a beta of 0.69.

Soho House & Co Inc. (NYSE:SHCO) last issued its quarterly 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). Soho House & Co Inc. had a negative net margin of 6.00% and a negative return on equity of 4.02%. The firm had revenue of $370.75 million for the quarter, compared to analyst estimates of $352.80 million. On average, equities research analysts anticipate that Soho House & Co Inc. will post -0.43 EPS for the current year.

Institutional Trading of Soho House & Co Inc.

A number of institutional investors have recently modified their holdings of the company. Quarry LP bought a new position in Soho House & Co Inc. during the third quarter worth $29,000. CWM LLC raised its holdings 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 valued at $30,000 after acquiring an additional 3,936 shares during the period. Bank of America Corp DE lifted its position in 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 last quarter. AlphaQuest LLC lifted its position in Soho House & Co Inc. by 65.8% during the third quarter. AlphaQuest LLC now owns 7,126 shares of the company’s stock worth $63,000 after acquiring an additional 2,827 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Soho House & Co Inc. by 37.4% during the second quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock worth $58,000 after acquiring an additional 2,143 shares during the period. 62.35% of the stock is currently owned by institutional investors.

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.