Soho House & Co Inc. (NYSE:SHCO) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• Soho House & Co Inc. has received a "Sell (D-)" rating from Weiss Ratings, reaffirming negative sentiment towards the stock.
• After recent evaluations, the average rating stands at "Hold" with a target price of $9.00, down from previous "strong-buy" ratings.
• The company's most recent earnings report showed a profit of $0.13 per share, exceeding expectations, with a revenue of $329.80 million for the quarter.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other equities research analysts have also commented on the company. Roth Capital lowered Soho House & Co Inc. from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Zacks Research lowered Soho House & Co Inc. from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 7th. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $9.00.

Soho House & Co Inc. Price Performance

NYSE SHCO opened at $8.89 on Friday. The business's fifty day moving average price is $8.85 and its 200-day moving average price is $7.31. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -29.62 and a beta of 0.69. Soho House & Co Inc. has a 1-year low of $4.60 and a 1-year high of $8.92.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.21. The firm had revenue of $329.80 million for the quarter, compared to analysts' expectations of $316.79 million. Soho House & Co Inc. had a negative return on equity of 4.02% and a negative net margin of 4.67%. Equities research analysts anticipate that Soho House & Co Inc. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Soho House & Co Inc.

A number of institutional investors have recently bought and sold shares of SHCO. Third Point LLC increased its stake in Soho House & Co Inc. by 121.1% in the 1st quarter. Third Point LLC now owns 5,200,000 shares of the company's stock worth $32,136,000 after buying an additional 2,847,924 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in Soho House & Co Inc. by 4,793.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 514,128 shares of the company's stock worth $3,779,000 after buying an additional 503,621 shares in the last quarter. Groupe la Francaise purchased a new stake in Soho House & Co Inc. in the 1st quarter worth $1,192,000. TIG Advisors LLC increased its stake in Soho House & Co Inc. by 19.2% in the 1st quarter. TIG Advisors LLC now owns 1,183,571 shares of the company's stock worth $7,314,000 after buying an additional 191,017 shares in the last quarter. Finally, Scoggin Management LP increased its stake in Soho House & Co Inc. by 5.6% in the 2nd quarter. Scoggin Management LP now owns 2,150,000 shares of the company's stock worth $15,802,000 after buying an additional 113,800 shares in the last quarter. Hedge funds and other institutional investors own 62.35% of the company's stock.

About Soho House & Co Inc.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.