Soho House & Co Inc. (NYSE:SHCO) Shares Gap Up Following Earnings Beat

Soho House & Co Inc. (NYSE:SHCO) gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $6.16, but opened at $6.75. Soho House & Co Inc. shares last traded at $6.26, with a volume of 66,777 shares traded.

The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.18. The company had revenue of $282.86 million for the quarter, compared to the consensus estimate of $275.60 million.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a “buy” rating and set a $9.00 price target on shares of Soho House & Co Inc. in a research note on Wednesday, April 2nd.

Hedge Funds Weigh In On Soho House & Co Inc.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of Soho House & Co Inc. by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 64,348 shares of the company’s stock worth $479,000 after purchasing an additional 2,670 shares during the last quarter. Algert Global LLC lifted its holdings in Soho House & Co Inc. by 2.7% during the 4th quarter. Algert Global LLC now owns 122,811 shares of the company’s stock valued at $915,000 after buying an additional 3,202 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Soho House & Co Inc. in the 1st quarter valued at about $30,000. Jane Street Group LLC grew its stake in Soho House & Co Inc. by 28.1% in the 3rd quarter. Jane Street Group LLC now owns 23,972 shares of the company’s stock worth $122,000 after acquiring an additional 5,255 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Soho House & Co Inc. during the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Soho House & Co Inc. Stock Down 3.1 %

The company’s 50 day moving average price is $5.93 and its two-hundred day moving average price is $6.32. The stock has a market cap of $1.16 billion, a P/E ratio of -8.53 and a beta of 0.61.

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.