La Rosa (NASDAQ:LRHC) Stock Price Down 4.5% – Should You Sell?

La Rosa Holdings Corp. (NASDAQ:LRHC) traded down 4.5% during trading on Friday . The company traded as low as $1.02 and last traded at $1.05. 2,477,557 shares changed 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.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of La Rosa in a research note on Tuesday, April 21st. Wall Street Zen raised La Rosa from a “strong sell” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

La Rosa Stock Performance

The stock has a market capitalization of $21,000.00, a P/E ratio of 0.00 and a beta of 1.42. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.63. The business has a fifty day moving average price of $2.78 and a 200-day moving average price of $45.16.

La Rosa (NASDAQ:LRHC) last announced its quarterly earnings results on Thursday, June 4th. The company reported ($266.88) earnings per share (EPS) for the quarter. The firm had revenue of $7.56 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in La Rosa stock. Citadel Advisors LLC purchased a new stake in shares of La Rosa Holdings Corp. (NASDAQ:LRHC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,338 shares of the company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned approximately 1.25% of La Rosa at the end of the most recent reporting period. 7.63% of the stock is currently owned by institutional investors and hedge funds.

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.