La Rosa (NASDAQ:LRHC) Posts Earnings Results

La Rosa (NASDAQ:LRHC) posted its quarterly earnings results on Friday. The company reported ($1.66) earnings per share for the quarter, Zacks reports. La Rosa had a net margin of 76.54% and a negative return on equity of 3,087.05%.

La Rosa Stock Up 5.0%

Shares of NASDAQ LRHC traded up $0.03 during mid-day trading on Friday, reaching $0.59. 101,511 shares of the company were exchanged, compared to its average volume of 644,905. La Rosa has a 52 week low of $0.55 and a 52 week high of $972.00. The company’s 50 day moving average price is $0.96 and its 200 day moving average price is $4.36. The stock has a market capitalization of $1.25 million, a PE ratio of -0.00 and a beta of 1.33.

Institutional Investors Weigh In On La Rosa

An institutional investor recently bought a new stake in La Rosa stock. Citadel Advisors LLC acquired a new position in La Rosa Holdings Corp. (NASDAQ:LRHC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned approximately 1.25% of La Rosa at the end of the most recent quarter. 7.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen raised La Rosa from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings raised shares of La Rosa from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, La Rosa presently has a consensus rating of “Sell”.

About La Rosa

La Rosa Holdings, Inc (NASDAQ: LRHC) is a holding company that owns, operates and franchises LaRosa’s Pizzeria, a regional restaurant chain based in Cincinnati, Ohio. The company’s core business revolves around fast‐casual dining, with a focus on pizza and Italian‐inspired menu items served through dine-in, carry-out and delivery channels.

Founded in 1954 by Vincenzo “Buddy” LaRosa, LaRosa’s Pizzeria has grown from a single storefront into a network of over 30 locations across Ohio, Kentucky and Indiana.