La Rosa (NASDAQ:LRHC) Releases Earnings Results

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

La Rosa Price Performance

Shares of NASDAQ LRHC traded up $0.03 during mid-day trading on Friday, reaching $0.59. 101,511 shares of the company’s stock traded hands, compared to its average volume of 644,944. La Rosa has a 1-year low of $0.55 and a 1-year high of $972.00. The stock has a market cap of $1.25 million, a P/E ratio of -0.00 and a beta of 1.33. The business has a 50-day simple moving average of $0.96 and a 200 day simple moving average of $4.36.

Hedge Funds Weigh In On La Rosa

A hedge fund recently bought a new position in La Rosa stock. Citadel Advisors LLC bought a new position in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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. Institutional investors own 7.63% of the company’s stock.

Analyst Ratings Changes

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

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.