La Rosa (NASDAQ:LRHC) Posts Earnings Results

by · The Markets Daily

La Rosa (NASDAQ:LRHC – Get Free Report) announced its earnings results on Friday. The company reported ($1.66) earnings per share for the quarter, Zacks reports. La Rosa had a net margin of 76.54% and a negative return on equity of 3,087.05%. The business had revenue of $15.05 million during the quarter.

La Rosa Stock Performance

NASDAQ:LRHC opened at $0.59 on Friday. The stock’s fifty day moving average price is $0.96 and its two-hundred day moving average price is $4.33. La Rosa has a 52-week low of $0.55 and a 52-week high of $972.00. The company has a market cap of $1.25 million, a price-to-earnings ratio of -0.00 and a beta of 1.33.

Institutional Investors Weigh In On La Rosa

An institutional investor recently bought a new position in La Rosa stock. Marex Group plc bought a new position in shares of La Rosa Holdings Corp. (NASDAQ:LRHC – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 358,600 shares of the company’s stock, valued at approximately $47,000. Marex Group plc owned about 49.12% of La Rosa as of its most recent SEC filing. Institutional investors own 7.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LRHC. 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. 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. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Get Our Latest Stock Report on La Rosa

About La Rosa

(Get Free Report)

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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