Soho House & Co Inc. (NYSE:SHCO) Shares Gap Down – Should You Sell?

Soho House & Co Inc. (NYSE:SHCO) gapped down prior to trading on Thursday . The stock had previously closed at $8.97, but opened at $8.17. Soho House & Co Inc. shares last traded at $7.5050, with a volume of 5,723,052 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SHCO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Soho House & Co Inc. in a research report on Wednesday, October 8th. Zacks Research lowered shares of Soho House & Co Inc. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Soho House & Co Inc. currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Soho House & Co Inc. Stock Down 16.6%

The stock has a market capitalization of $1.46 billion, a P/E ratio of -18.76 and a beta of 0.69. The business has a fifty day moving average price of $8.89 and a 200-day moving average price of $8.35.

Soho House & Co Inc. (NYSE:SHCO) last released its quarterly earnings data on Friday, November 7th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.12). The business had revenue of $370.75 million during the quarter, compared to the consensus estimate of $352.80 million. Soho House & Co Inc. had a negative return on equity of 4.02% and a negative net margin of 6.00%. On average, equities analysts expect 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 institutional investors and hedge funds have recently added to or reduced their stakes in SHCO. Quarry LP purchased a new stake in Soho House & Co Inc. during the 3rd quarter valued at $29,000. CWM LLC grew its holdings in shares of Soho House & Co Inc. by 2,507.0% in the second quarter. CWM LLC now owns 4,093 shares of the company’s stock worth $30,000 after acquiring an additional 3,936 shares during the period. Bank of America Corp DE increased its position 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 valued at $50,000 after acquiring an additional 5,728 shares during the last quarter. AlphaQuest LLC increased its position in Soho House & Co Inc. by 65.8% during the third quarter. AlphaQuest LLC now owns 7,126 shares of the company’s stock valued at $63,000 after acquiring an additional 2,827 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Soho House & Co Inc. by 37.4% in the second quarter. Osaic Holdings Inc. now owns 7,867 shares of the company’s stock valued at $58,000 after acquiring an additional 2,143 shares during the period. 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 global hospitality and membership company that operates a network of private clubs, hotels, restaurants, workspaces and leisure facilities aimed primarily at creative professionals. Its core offering revolves around exclusive, members-only “Houses” that combine social spaces, dining venues, screening rooms, spas and event programming under one roof. The company’s diversified portfolio extends to branded hotels and short-stay locations, as well as co-working facilities under the Soho Works banner.

The company was founded in 1995 by Nick Jones in London, with the inaugural House offering serving emerging artists, filmmakers and designers.