La Rosa (NASDAQ:LRHC – Get Free Report) announced its quarterly earnings data on Friday. The company reported ($1.66) EPS for the quarter, Zacks reports. La Rosa had a net margin of 76.54% and a negative return on equity of 3,087.05%.
La Rosa Trading Up 5.0%
NASDAQ:LRHC opened at $0.59 on Friday. La Rosa has a 12-month low of $0.55 and a 12-month high of $972.00. The firm has a market cap of $1.25 million, a price-to-earnings ratio of -0.00 and a beta of 1.33. The company’s 50-day moving average is $0.96 and its two-hundred day moving average is $4.33.
Analysts Set New Price Targets
LRHC has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of La Rosa from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings upgraded shares of La Rosa from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
Hedge Funds Weigh In On La Rosa
An institutional investor recently bought a new stake in La Rosa stock. Marex Group plc acquired a new stake in shares of La Rosa Holdings Corp. (NASDAQ:LRHC – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned 49.12% of La Rosa as of its most recent filing with the Securities & Exchange Commission. 7.63% of the stock is currently owned by hedge funds and other institutional investors.
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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