Soho House & Co Inc. (NYSE:SHCO) Stock Rating Upgraded by Zacks Research

Key Points

• Soho House & Co Inc. has been upgraded to a "strong-buy" rating by Zacks Research, indicating positive sentiment among analysts.
• The company reported a quarterly EPS of $0.13, which surpassed analysts' expectations of negative earnings, along with revenue of $329.80 million.
• Insider transactions show CEO Andrew Carnie sold 100,000 shares, reducing his stake by 8.31% but still maintaining over 1 million shares valued at approximately $7 million.

Zacks Research upgraded shares of Soho House & Co Inc. (NYSE:SHCO - Free Report) to a strong-buy rating in a research note released on Tuesday, August 12th,Zacks.com reports.

Soho House & Co Inc. Price Performance

SHCO traded up $0.0150 during trading on Tuesday, hitting $8.7950. The company's stock had a trading volume of 1,138,384 shares, compared to its average volume of 564,358. The firm's 50 day moving average price is $7.07 and its 200-day moving average price is $6.65. The stock has a market cap of $1.72 billion, a PE ratio of -29.32, a PEG ratio of 1.95 and a beta of 0.66. Soho House & Co Inc. has a twelve month low of $4.60 and a twelve month high of $8.88.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last issued 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 company had revenue of $329.80 million during the quarter, compared to the consensus estimate 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 analysts anticipate that Soho House & Co Inc. will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In other Soho House & Co Inc. news, CEO Andrew Carnie sold 100,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $6.38, for a total value of $638,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,103,975 shares in the company, valued at approximately $7,043,360.50. The trade was a 8.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 74.70% of the company's stock.

Institutional Trading of Soho House & Co Inc.

Institutional investors and hedge funds have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. acquired a new stake in shares of Soho House & Co Inc. during the 4th quarter worth $790,000. Third Point LLC acquired a new stake in shares of Soho House & Co Inc. during the 4th quarter worth $17,523,000. Renaissance Technologies LLC acquired a new stake in shares of Soho House & Co Inc. during the 4th quarter worth $742,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Soho House & Co Inc. by 53.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,416 shares of the company's stock worth $1,083,000 after buying an additional 50,723 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Soho House & Co Inc. by 82.4% during the 4th quarter. JPMorgan Chase & Co. now owns 119,236 shares of the company's stock worth $888,000 after buying an additional 53,860 shares during the last quarter. 62.35% of the stock is currently owned by institutional investors and hedge funds.

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.