Tortilla Mexican Grill (LON:MEX) Releases Quarterly Earnings Results

Tortilla Mexican Grill (LON:MEX) posted its 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 Performance

LON:MEX traded down GBX 1 during midday trading on Wednesday, reaching GBX 72. 61,344 shares of the company traded hands, compared to its average volume of 41,016. Tortilla Mexican Grill has a twelve month low of GBX 34 and a twelve month high of GBX 83.50. The company has a debt-to-equity ratio of -303.60, a current ratio of 0.20 and a quick ratio of 0.50. 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 firm has a market capitalization of £27.84 million, a price-to-earnings ratio of -1.84 and a beta of 0.16.

Insider Activity at Tortilla Mexican Grill

In related news, insider Duncan Garrood purchased 16,959 shares of the 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.