Soho House & Co Inc. (NYSE:SHCO) Receives “Buy” Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Soho House & Co Inc. (NYSE:SHCO) in a research report released on Wednesday morning,Benzinga reports. They currently have a $9.00 price target on the stock.

Soho House & Co Inc. Price Performance

SHCO opened at $5.30 on Wednesday. The business has a fifty day simple moving average of $7.03 and a 200 day simple moving average of $6.25. Soho House & Co Inc. has a 1 year low of $4.43 and a 1 year high of $8.47. The company has a market capitalization of $1.03 billion, a PE ratio of -7.56 and a beta of 0.55.

Soho House & Co Inc. (NYSE:SHCO) last issued its earnings results on Monday, March 31st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $305.54 million for the quarter, compared to the consensus estimate of $305.54 million. Equities analysts anticipate that Soho House & Co Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Soho House & Co Inc.

Several hedge funds have recently modified their holdings of SHCO. KLP Kapitalforvaltning AS bought a new stake in Soho House & Co Inc. during the 4th quarter worth approximately $40,000. Covestor Ltd bought a new stake in shares of Soho House & Co Inc. in the 4th quarter valued at about $59,000. Barclays PLC increased its stake in shares of Soho House & Co Inc. by 1,255.3% in the third quarter. Barclays PLC now owns 8,132 shares of the company’s stock valued at $41,000 after buying an additional 7,532 shares during the period. R Squared Ltd bought a new position in shares of Soho House & Co Inc. during the fourth quarter worth about $82,000. Finally, FMR LLC lifted its stake in shares of Soho House & Co Inc. by 303.7% in the third quarter. FMR LLC now owns 13,479 shares of the company’s stock worth $69,000 after acquiring an additional 10,140 shares during the period. Institutional investors and hedge funds 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.