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

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

Tortilla Mexican Grill Stock Performance

Shares of LON MEX traded down GBX 1 during trading hours on Tuesday, reaching GBX 72. 102,437 shares of the stock were exchanged, compared to its average volume of 41,249. The company has a debt-to-equity ratio of -303.60, a quick ratio of 0.50 and a current ratio of 0.20. The firm has a market capitalization of £27.84 million, a price-to-earnings ratio of -1.84 and a beta of 0.16. The stock’s fifty day simple moving average is GBX 72.14 and its 200 day simple moving average is GBX 73.64. Tortilla Mexican Grill has a 52 week low of GBX 34 and a 52 week high of GBX 83.50.

Insider Activity

In other news, insider Duncan Garrood purchased 16,959 shares of Tortilla Mexican Grill stock in a transaction that occurred on Thursday, July 30th. The shares were acquired at an average price of GBX 75 per share, for a total transaction of £12,719.25. Company insiders own 33.39% of the company’s stock.

Tortilla Mexican Grill Company Profile

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.