Soho House & Co Inc. (NYSE:SHCO) Sets New 1-Year High - Still a Buy?

Key Points

• Soho House & Co Inc. (NYSE:SHCO) reached a new 52-week high of $8.88, closing at $8.85 with a trading volume of 4.8 million shares.
• The company reported earnings of $0.13 per share for its last quarter, exceeding analysts' expectations of a loss, with revenues of $329.80 million.
• Analysts have upgraded Soho House's stock rating to "strong-buy," and institutional investors own approximately 62.35% of the company's shares.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $8.88 and last traded at $8.85, with a volume of 4844910 shares. The stock had previously closed at $7.64.

Analyst Ratings Changes

SHCO has been the subject of a number of recent research reports. Zacks Research raised shares of Soho House & Co Inc. to a "strong-buy" rating in a research note on Tuesday, August 12th. Roth Capital cut shares of Soho House & Co Inc. from a "strong-buy" rating to a "hold" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $7.25.

Soho House & Co Inc. Price Performance

The firm has a fifty day moving average price of $7.20 and a two-hundred day moving average price of $6.68. The stock has a market capitalization of $1.72 billion, a PE ratio of -29.35, a P/E/G ratio of 1.95 and a beta of 0.66.

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, topping the consensus estimate 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 firm had revenue of $329.80 million for the quarter, compared to the consensus estimate of $316.79 million. On average, research analysts expect that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Soho House & Co Inc.

In other news, CEO Andrew Carnie sold 100,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 1,103,975 shares in the company, valued at approximately $7,043,360.50. This represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 74.70% of the company's stock.

Institutional Investors Weigh In On Soho House & Co Inc.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AlphaQuest LLC bought a new stake in Soho House & Co Inc. during the 1st quarter valued at about $27,000. FNY Investment Advisers LLC bought a new stake in Soho House & Co Inc. during the 1st quarter valued at about $30,000. CWM LLC lifted its holdings in Soho House & Co Inc. by 2,507.0% during the 2nd quarter. CWM LLC now owns 4,093 shares of the company's stock valued at $30,000 after buying an additional 3,936 shares in the last quarter. Bank of America Corp DE lifted its holdings in Soho House & Co Inc. by 551.8% during the 2nd quarter. Bank of America Corp DE now owns 6,766 shares of the company's stock valued at $50,000 after buying an additional 5,728 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in Soho House & Co Inc. during the 1st quarter valued at about $79,000. 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.