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

Shares of Soho House & Co Inc. (NYSE:SHCO) reached a new 52-week high during trading on Tuesday . The company traded as high as $8.97 and last traded at $8.9550, with a volume of 2578 shares trading hands. The stock had previously closed at $8.96.

Analysts Set New Price Targets

Several research firms have commented on SHCO. Zacks Research lowered shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Soho House & Co Inc. in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned 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. Stock Down 0.1%

The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -22.39 and a beta of 0.69. The company has a 50 day simple moving average of $8.87 and a 200 day simple moving average of $8.18.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.12). The company had revenue of $370.75 million during the quarter, compared to analyst estimates 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, analysts predict that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of Soho House & Co Inc.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Savant Capital LLC lifted its stake in shares of Soho House & Co Inc. by 6.8% in the 3rd quarter. Savant Capital LLC now owns 20,885 shares of the company’s stock valued at $185,000 after acquiring an additional 1,326 shares during the last quarter. Osaic Holdings Inc. increased its holdings 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 worth $58,000 after purchasing an additional 2,143 shares in the last quarter. AlphaQuest LLC increased its holdings in Soho House & Co Inc. by 65.8% in the 3rd quarter. AlphaQuest LLC now owns 7,126 shares of the company’s stock worth $63,000 after purchasing an additional 2,827 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Soho House & Co Inc. by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 117,808 shares of the company’s stock valued at $1,043,000 after purchasing an additional 2,834 shares during the last quarter. Finally, PDT Partners LLC raised its position in Soho House & Co Inc. by 7.2% in the second quarter. PDT Partners LLC now owns 44,600 shares of the company’s stock valued at $328,000 after purchasing an additional 2,993 shares during the last quarter. Institutional investors own 62.35% of the company’s stock.

About Soho House & Co Inc.

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.