Jonathan Vassil Sells 4,700 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 4,700 shares of Toast stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $36.02, for a total value of $169,294.00. Following the transaction, the executive owned 69,966 shares in the company, valued at approximately $2,520,175.32. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Vassil also recently made the following trade(s):

• On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The shares were sold at an average price of $32.89, for a total value of $469,669.20.
• On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The stock was sold at an average price of $30.03, for a total value of $94,594.50.
• On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The stock was sold at an average price of $28.85, for a total value of $191,765.95.

Toast Price Performance

NYSE TOST opened at $34.47 on Friday. Toast, Inc. has a one year low of $22.26 and a one year high of $46.11. The firm has a market cap of $17.72 billion, a P/E ratio of 44.19 and a beta of 1.72. The stock’s 50-day moving average is $28.44 and its 200-day moving average is $27.90.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Toast’s revenue for the quarter was up 23.1% compared to the same quarter last year. Equities analysts anticipate that Toast, Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Toast from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Sanford C. Bernstein boosted their price objective on shares of Toast from $39.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore reaffirmed an “outperform” rating on shares of Toast in a research note on Wednesday. Needham & Company LLC increased their target price on Toast from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Zacks Research downgraded Toast from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.62.

Key Toast News

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analysts raise price targets: BMO Capital Markets lifted its Toast price target to $40, while Needham and Keefe, Bruyette & Woods also expressed expectations for meaningful appreciation. These calls reinforce the bullish case following Toast’s growth and improving profitability. BMO Capital Markets Raises Toast Price Target Needham Forecasts Toast Price Appreciation Keefe Bruyette Woods Toast Outlook
• Positive Sentiment: AI and partnership momentum: A report highlights Toast’s AI initiatives and relationships with Google and hotel operators as potential catalysts for expanding its addressable market and strengthening the long-term growth story. Toast AI, Google, and Hotel Partnership Report
• Positive Sentiment: Options activity signals bullish positioning: High trading volume in Toast call options suggests some traders are positioning for additional upside, although options activity is a market signal rather than a change in fundamentals. Toast High Call Option Volume
• Neutral Sentiment: Mixed quarterly results: Toast exceeded revenue expectations, reporting $1.91 billion, up 23.1% year over year, but adjusted earnings per share fell short of consensus estimates. The revenue growth supports the bull case, while the earnings miss raises questions about execution and near-term margins. Toast Second Quarter Sales Report
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis recommended trimming the position, arguing that Toast’s valuation could become difficult to justify if growth or profitability slows. This is a risk after the stock’s recent rally. Toast Valuation Downgrade
• Negative Sentiment: Executives sell shares: CEO Aman Narang sold approximately $4.9 million of Toast stock, while the CFO and CRO also sold shares. Because the transactions were made under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than diminished confidence, but the volume can still weigh on sentiment.

Hedge Funds Weigh In On Toast

Several hedge funds have recently made changes to their positions in TOST. Norges Bank bought a new stake in Toast during the fourth quarter worth about $202,808,000. ValueAct Holdings L.P. increased its position in shares of Toast by 135.9% during the 4th quarter. ValueAct Holdings L.P. now owns 8,015,277 shares of the company’s stock worth $284,622,000 after purchasing an additional 4,618,077 shares during the last quarter. XN LP increased its position in shares of Toast by 50.8% during the 4th quarter. XN LP now owns 8,988,386 shares of the company’s stock worth $319,178,000 after purchasing an additional 3,029,856 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Toast by 36.0% during the 1st quarter. Principal Financial Group Inc. now owns 7,977,244 shares of the company’s stock worth $211,478,000 after purchasing an additional 2,111,009 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of Toast by 343.6% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,792,209 shares of the company’s stock valued at $79,377,000 after buying an additional 1,388,210 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.