Soho House & Co Inc. (NYSE:SHCO) Price Target Lowered to $8.00 at Citigroup

Soho House & Co Inc. (NYSE:SHCOFree Report) had its target price cut by Citigroup from $10.00 to $8.00 in a report released on Monday, Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the company. Roth Mkm lowered their price objective on Soho House & Co Inc. from $10.00 to $7.50 and set a buy rating for the company in a report on Monday, March 18th. William Blair reaffirmed an outperform rating on shares of Soho House & Co Inc. in a report on Monday, March 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $8.10.

Check Out Our Latest Stock Report on SHCO

Soho House & Co Inc. Stock Down 1.6 %

Shares of Soho House & Co Inc. stock opened at $5.04 on Monday. The firm has a market cap of $986.18 million, a P/E ratio of -6.63 and a beta of 0.73. Soho House & Co Inc. has a fifty-two week low of $4.35 and a fifty-two week high of $8.48. The business has a 50-day moving average price of $5.44 and a 200 day moving average price of $6.02.

Soho House & Co Inc. (NYSE:SHCOGet Free Report) last announced its quarterly earnings data on Friday, May 10th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The company had revenue of $263.15 million during the quarter, compared to analysts’ expectations of $258.25 million. As a group, equities research analysts anticipate that Soho House & Co Inc. will post -0.35 earnings per share for the current year.

Hedge Funds Weigh In On Soho House & Co Inc.

Several institutional investors have recently made changes to their positions in the stock. Lansdowne Partners UK LLP bought a new position in Soho House & Co Inc. in the 3rd quarter worth approximately $18,114,000. LPL Financial LLC bought a new position in Soho House & Co Inc. in the 3rd quarter worth approximately $10,003,000. Algert Global LLC bought a new position in Soho House & Co Inc. in the 3rd quarter worth approximately $949,000. GSA Capital Partners LLP acquired a new stake in Soho House & Co Inc. in the third quarter worth approximately $683,000. Finally, Swiss National Bank acquired a new stake in Soho House & Co Inc. in the third quarter worth approximately $537,000. 62.35% of the stock is owned by institutional investors.

About Soho House & Co Inc.

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Soho House & Co Inc operates a global membership platform of physical and digital spaces that connects a group of members. The company helps the members to use the platform to work, socialize, connect, create, and flourish all over the world. The company was formerly known as Membership Collective Group Inc and changed its name to Soho House & Co Inc in March 2023.

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