Insider Buying: La Rosa (NASDAQ:LRHC) Major Shareholder Purchases $15,604.88 in Stock

La Rosa Holdings Corp. (NASDAQ:LRHC) major shareholder Financial Lp Hrt purchased 14,584 shares of La Rosa stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of $1.07 per share, for a total transaction of $15,604.88. Following the transaction, the insider directly owned 56,964 shares of the company’s stock, valued at approximately $60,951.48. This represents a 34.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, March 2nd, Financial Lp Hrt sold 8,368 shares of La Rosa stock. The shares were sold at an average price of $1.09, for a total transaction of $9,121.12.

La Rosa Trading Down 3.3%

Shares of LRHC stock opened at $0.90 on Friday. La Rosa Holdings Corp. has a fifty-two week low of $0.86 and a fifty-two week high of $186.56. The company has a 50 day moving average price of $3.65 and a 200 day moving average price of $32.28. The stock has a market capitalization of $146,700.00, a P/E ratio of 0.00 and a beta of 3.09. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.40 and a current ratio of 2.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LRHC. Wall Street Zen cut La Rosa to a “strong sell” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “sell (e+)” rating on shares of La Rosa in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On La Rosa

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

La Rosa Company Profile

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.