Soho House & Co Inc. (NYSE:SHCO) Shares Gap Up – Here’s Why

Soho House & Co Inc. (NYSE:SHCO)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $7.92, but opened at $8.91. Soho House & Co Inc. shares last traded at $8.8750, with a volume of 1,541,370 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SHCO shares. Zacks Research cut 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 restated a “sell (d-)” rating on shares of Soho House & Co Inc. in a 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 issued a Sell rating to the company. According to MarketBeat.com, Soho House & Co Inc. currently has a consensus rating of “Hold” and a consensus price target of $9.00.

Soho House & Co Inc. Trading Down 0.1%

The stock has a market cap of $1.74 billion, a PE ratio of -22.19 and a beta of 0.69. The business has a fifty day simple moving average of $8.79 and a two-hundred day simple moving average of $8.39.

Soho House & Co Inc. (NYSE:SHCO) last released its quarterly earnings results on Friday, November 7th. The company reported ($0.10) earnings per share 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%. On average, research analysts predict that Soho House & Co Inc. will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SHCO. Quarry LP purchased a new position in shares of Soho House & Co Inc. during the third quarter valued at approximately $29,000. CWM LLC raised its stake in Soho House & Co Inc. by 2,507.0% during the second quarter. CWM LLC now owns 4,093 shares of the company’s stock valued at $30,000 after buying an additional 3,936 shares during the last quarter. Bank of America Corp DE boosted its holdings 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 worth $50,000 after acquiring an additional 5,728 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in 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 acquiring an additional 2,143 shares in the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Soho House & Co Inc. by 65.8% in 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. 62.35% of the stock is currently owned by institutional investors.

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.