Soho House & Co Inc. (NYSE:SHCO) Raised to "Strong-Buy" at 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.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) was upgraded by research analysts at Zacks Research to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

Soho House & Co Inc. Price Performance

Shares of Soho House & Co Inc. stock opened at $7.80 on Tuesday. The business has a 50-day moving average of $6.95 and a 200 day moving average of $6.65. Soho House & Co Inc. has a 12 month low of $4.60 and a 12 month high of $8.47. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -26.00 and a beta of 0.66.

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

Insider Buying and Selling

In other news, CEO Andrew Carnie sold 100,000 shares of Soho House & Co Inc. stock in a transaction dated 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 owned 1,103,975 shares in the company, valued at approximately $7,043,360.50. This trade represents a 8.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 74.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Soho House & Co Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC lifted 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 worth $30,000 after purchasing an additional 3,936 shares during the last quarter. AlphaQuest LLC purchased a new stake in Soho House & Co Inc. during the first quarter worth approximately $27,000. FNY Investment Advisers LLC purchased a new stake in Soho House & Co Inc. during the first quarter worth approximately $30,000. Bank of America Corp DE lifted its stake in Soho House & Co Inc. by 551.8% during the second quarter. Bank of America Corp DE now owns 6,766 shares of the company's stock worth $50,000 after purchasing an additional 5,728 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in Soho House & Co Inc. during the second quarter worth approximately $82,000. 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.

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