Tortilla Mexican Grill (LON:MEX) Announces Earnings Results

Tortilla Mexican Grill (LON:MEX) posted its quarterly earnings results on Tuesday. The company reported GBX (4.10) EPS for the quarter, Digital Look Earnings reports. Tortilla Mexican Grill had a negative net margin of 20.42% and a positive return on equity of 166.34%.

Tortilla Mexican Grill Stock Down 1.4%

LON MEX traded down GBX 1 on Wednesday, reaching GBX 72. 61,344 shares of the stock traded hands, compared to its average volume of 41,016. Tortilla Mexican Grill has a 12 month low of GBX 34 and a 12 month high of GBX 83.50. The company has a market cap of £27.84 million, a price-to-earnings ratio of -1.84 and a beta of 0.16. The company has a fifty day moving average price of GBX 72.16 and a 200-day moving average price of GBX 73.64. The company has a debt-to-equity ratio of -303.60, a quick ratio of 0.50 and a current ratio of 0.20.

Insider Buying and Selling

In related news, insider Duncan Garrood purchased 16,959 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were acquired at an average cost of GBX 75 per share, for a total transaction of £12,719.25. Company insiders own 33.39% of the company’s stock.

About Tortilla Mexican Grill

Tortilla is the largest and most successful fast-casual Mexican restaurant group in the UK, specialising in the sale of freshly made Californian-inspired Mexican cuisine. The Group has more than 80 eat in and takeaway locations across the UK and through nationwide partnerships with SSP Group plc, Compass UK & Ireland, Growth Kitchens & Karma Kitchens. Internationally, Tortilla operates in the Middle East, with 10 stores in Dubai and Saudi Arabia through an exclusive franchise partnership.

The Group was founded in 2007 by Brandon Stephens, originally from California who, upon his arrival in London in 2003, found it difficult to satisfy his desire for quality burritos and tacos.