La Rosa Holdings Corp. (NASDAQ:LRHC – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 35,431 shares, a growth of 69.8% from the July 15th total of 20,870 shares. Based on an average daily volume of 81,142 shares, the short-interest ratio is presently 0.4 days. Approximately 2.2% of the company’s stock are short sold.
Analysts Set New Price Targets
LRHC has been the topic of several recent analyst reports. Wall Street Zen raised shares of La Rosa from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings raised La Rosa from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, La Rosa currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on La Rosa
La Rosa Stock Performance
La Rosa (NASDAQ:LRHC – Get Free Report) last released its earnings results on Friday, July 31st. The company reported ($72.03) earnings per share for the quarter. The company had revenue of $13.58 million for the quarter. La Rosa had a net margin of 76.54% and a negative return on equity of 3,087.05%.
Institutional Trading of La Rosa
A hedge fund recently bought a new position in La Rosa stock. Citadel Advisors LLC bought a new stake in La Rosa Holdings Corp. (NASDAQ:LRHC – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned 1.25% of La Rosa at the end of the most recent reporting period. 7.63% of the stock is owned by hedge funds and other institutional investors.
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.
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