La Rosa (NASDAQ:LRHC) Shares Down 4.5% – Here’s What Happened
by Mitch Edgeman · The Markets DailyLa Rosa Holdings Corp. (NASDAQ:LRHC – Get Free Report) shares fell 4.5% on Friday . The company traded as low as $1.02 and last traded at $1.05. 2,477,557 shares traded hands during mid-day trading, an increase of 887% from the average session volume of 250,910 shares. The stock had previously closed at $1.10.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on LRHC. Weiss Ratings restated a “sell (e+)” rating on shares of La Rosa in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of La Rosa from a “strong sell” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on LRHC
La Rosa Trading Down 4.5%
The company has a debt-to-equity ratio of 1.63, a current ratio of 2.40 and a quick ratio of 2.40. The firm’s 50 day moving average is $2.78 and its 200 day moving average is $45.16. The company has a market capitalization of $21,000.00, a PE ratio of 0.00 and a beta of 1.42.
La Rosa (NASDAQ:LRHC – Get Free Report) last issued its earnings results on Thursday, June 4th. The company reported ($266.88) EPS for the quarter. The company had revenue of $7.56 million for the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in La Rosa stock. Citadel Advisors LLC bought a new position in La Rosa Holdings Corp. (NASDAQ:LRHC – Free Report) during the 3rd quarter, according to its most recent disclosure 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 as of its most recent SEC filing. Institutional investors own 7.63% of the company’s stock.
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.