Soho House & Co Inc. (NYSE:SHCO) Shares Gap Down on Disappointing Earnings

Soho House & Co Inc. (NYSE:SHCO - Get Free Report)'s share price gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $6.18, but opened at $5.76. Soho House & Co Inc. shares last traded at $6.37, with a volume of 77,132 shares.

The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The company had revenue of $305.54 million during the quarter, compared to analysts' expectations of $305.54 million.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated a "buy" rating and issued a $9.00 target price on shares of Soho House & Co Inc. in a report on Wednesday.

Institutional Trading of Soho House & Co Inc.

Several hedge funds and other institutional investors have recently modified their holdings of the business. KLP Kapitalforvaltning AS acquired a new position in Soho House & Co Inc. during the fourth quarter valued at $40,000. Barclays PLC grew its stake in Soho House & Co Inc. by 1,255.3% during the 3rd quarter. Barclays PLC now owns 8,132 shares of the company's stock valued at $41,000 after acquiring an additional 7,532 shares in the last quarter. Covestor Ltd purchased a new position in Soho House & Co Inc. during the 4th quarter valued at about $59,000. FMR LLC increased its holdings in shares of Soho House & Co Inc. by 303.7% in the 3rd quarter. FMR LLC now owns 13,479 shares of the company's stock valued at $69,000 after purchasing an additional 10,140 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Soho House & Co Inc. in the fourth quarter worth approximately $82,000. Institutional investors and hedge funds own 62.35% of the company's stock.

Soho House & Co Inc. Price Performance

The firm's fifty day moving average is $7.03 and its 200 day moving average is $6.25. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -7.56 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.