La Rosa (NASDAQ:LRHC – Get Free Report) issued its quarterly earnings data on Friday. The company reported ($72.03) earnings per share for the quarter, FiscalAI reports. The business had revenue of $13.58 million during the quarter.
La Rosa Price Performance
LRHC stock opened at $0.98 on Friday. The company’s 50 day simple moving average is $1.10 and its 200-day simple moving average is $9.28. La Rosa has a 12 month low of $0.87 and a 12 month high of $972.00. The firm has a market capitalization of $1.59 million, a PE ratio of -0.00 and a beta of 1.35.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on LRHC. Weiss Ratings reissued a “sell (e+)” rating on shares of La Rosa in a research note on Friday, July 17th. Wall Street Zen raised shares of La Rosa from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, La Rosa has an average rating of “Sell”.
Institutional Trading of La Rosa
An institutional investor recently bought a new position in La Rosa stock. Marex Group plc acquired a new position in shares of La Rosa Holdings Corp. (NASDAQ:LRHC – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned about 49.12% of La Rosa as of its most recent SEC filing. Institutional investors own 7.63% of the company’s stock.
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.
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