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

Tortilla Mexican Grill (LON:MEX) issued its quarterly earnings data on Tuesday. The company reported GBX (4.10) earnings per share 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 1.2%

Shares of MEX opened at GBX 72.12 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.20 and a debt-to-equity ratio of -303.60. The company has a 50-day moving average price of GBX 72.14 and a two-hundred day moving average price of GBX 73.64. Tortilla Mexican Grill has a 12 month low of GBX 34 and a 12 month high of GBX 83.50. The stock has a market cap of £27.88 million, a price-to-earnings ratio of -1.84 and a beta of 0.16.

Insider Buying and Selling

In other Tortilla Mexican Grill news, insider Duncan Garrood bought 16,959 shares of the stock in a transaction dated Thursday, July 30th. The stock was bought at an average cost of GBX 75 per share, for a total transaction of £12,719.25. 33.39% of the stock is currently owned by company insiders.

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.