La Rosa (NASDAQ:LRHC) Issues Earnings Results

La Rosa (NASDAQ:LRHC) announced its quarterly earnings results on Friday. The company reported ($72.03) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $13.58 million for the quarter.

La Rosa Stock Performance

Shares of NASDAQ:LRHC traded down $0.09 on Friday, hitting $0.98. The company’s stock had a trading volume of 40,320 shares, compared to its average volume of 477,247. La Rosa has a 12 month low of $0.87 and a 12 month high of $972.00. The company has a market capitalization of $1.58 million, a price-to-earnings ratio of -0.00 and a beta of 1.35. The stock’s 50-day moving average is $1.11 and its two-hundred day moving average is $9.33.

Institutional Investors Weigh In On La Rosa

An institutional investor recently bought a new stake in La Rosa stock. Marex Group plc bought a new stake in La Rosa Holdings Corp. (NASDAQ:LRHC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned approximately 49.12% of La Rosa as of its most recent SEC filing. 7.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LRHC has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of La Rosa in a research report on Friday, July 17th. Wall Street Zen upgraded 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.com, the company has an average 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.