Soho House & Co Inc. (NYSE:SHCO) Downgraded by Zacks Research to "Hold"

Key Points

• Soho House & Co Inc. has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research and other analysts, indicating a shift in market confidence.
• The company's most recent earnings report showed an EPS of $0.13, surpassing analysts' expectations of ($0.08), alongside revenue of $329.80 million, exceeding projections.
• Insider selling occurred with CEO Andrew Carnie offloading 100,000 shares for $638,000, reducing his ownership by 8.31% amidst a backdrop of strong institutional interest in the stock.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Roth Capital downgraded shares of Soho House & Co Inc. from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Soho House & Co Inc. in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Soho House & Co Inc. currently has a consensus rating of "Hold" and a consensus price target of $9.00.

Soho House & Co Inc. Price Performance

SHCO stock opened at $8.88 on Tuesday. The business has a 50 day simple moving average of $8.40 and a two-hundred day simple moving average of $7.08. Soho House & Co Inc. has a 1-year low of $4.60 and a 1-year high of $8.92. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -29.60 and a beta of 0.69.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.21. Soho House & Co Inc. had a negative net margin of 4.67% and a negative return on equity of 4.02%. The business had revenue of $329.80 million during the quarter, compared to analysts' expectations of $316.79 million. Sell-side analysts anticipate that Soho House & Co Inc. will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Soho House & Co Inc.

In related news, CEO Andrew Carnie sold 100,000 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $6.38, for a total value of $638,000.00. Following the completion of the sale, the chief executive officer directly owned 1,103,975 shares of the company's stock, valued at $7,043,360.50. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 74.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Soho House & Co Inc.

Hedge funds have recently modified their holdings of the business. Eisler Capital Management Ltd. bought a new stake in Soho House & Co Inc. during the 1st quarter valued at $217,000. Algert Global LLC lifted its stake in shares of Soho House & Co Inc. by 41.4% during the 1st quarter. Algert Global LLC now owns 173,631 shares of the company's stock worth $1,073,000 after purchasing an additional 50,820 shares during the last quarter. Groupe la Francaise purchased a new stake in shares of Soho House & Co Inc. during the 1st quarter worth $1,192,000. TIG Advisors LLC grew its stake in Soho House & Co Inc. by 19.2% in the first quarter. TIG Advisors LLC now owns 1,183,571 shares of the company's stock valued at $7,314,000 after purchasing an additional 191,017 shares during the last quarter. Finally, Gabelli Funds LLC bought a new position in Soho House & Co Inc. in the first quarter worth about $235,000. Hedge funds and other institutional investors own 62.35% of the company's stock.

Soho House & Co Inc. Company Profile

Soho House & Co, Inc is a holding company, which offers global membership platform of physical and digital spaces. It operates through the following segments: UK, North America, Europe and Rest of the World, and All Other. The company was founded by Nicholas Keith Arthur Jones in 1995 and is headquartered in London, the United Kingdom.

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