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

Soho House & Co Inc. (NYSE:SHCO)‘s stock had its “buy” rating reiterated by equities researchers at Roth Mkm in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $9.00 target price on the stock. Roth Mkm’s target price would suggest a potential upside of 49.88% from the stock’s current price.

Soho House & Co Inc. Trading Down 3.6 %

Soho House & Co Inc. stock opened at $6.01 on Wednesday. The stock has a fifty day moving average price of $7.07 and a 200 day moving average price of $6.25. Soho House & Co Inc. has a 52 week low of $4.43 and a 52 week high of $8.47. The firm has a market capitalization of $1.17 billion, a P/E ratio of -8.58 and a beta of 0.55.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHCO. Third Point LLC purchased a new position in shares of Soho House & Co Inc. in the 4th quarter worth about $17,523,000. TIG Advisors LLC purchased a new position in shares of Soho House & Co Inc. in the 4th quarter valued at $7,395,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 purchasing an additional 50,723 shares during the period. Algert Global LLC increased its holdings in Soho House & Co Inc. by 2.7% in the 4th quarter. Algert Global LLC now owns 122,811 shares of the company’s stock valued at $915,000 after purchasing an additional 3,202 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Soho House & Co Inc. by 82.4% during the fourth quarter. JPMorgan Chase & Co. now owns 119,236 shares of the company’s stock worth $888,000 after purchasing an additional 53,860 shares in the last quarter. Institutional investors and hedge funds 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.