Toast (NYSE:TOST) CFO Sells $203,766.57 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 5,761 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $35.37, for a total value of $203,766.57. Following the completion of the transaction, the chief financial officer owned 160,150 shares in the company, valued at $5,664,505.50. The trade was a 3.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Elena Gomez also recently made the following trade(s):

• On Friday, August 7th, Elena Gomez sold 2,163 shares of Toast stock. The stock was sold at an average price of $35.10, for a total transaction of $75,921.30.
• On Thursday, August 6th, Elena Gomez sold 900 shares of Toast stock. The shares were sold at an average price of $35.02, for a total transaction of $31,518.00.
• On Wednesday, August 5th, Elena Gomez sold 16,176 shares of Toast stock. The shares were sold at an average price of $35.29, for a total transaction of $570,851.04.
• On Thursday, July 2nd, Elena Gomez sold 11,605 shares of Toast stock. The stock was sold at an average price of $28.85, for a total transaction of $334,804.25.

Toast Trading Up 3.3%

Shares of NYSE TOST opened at $35.20 on Friday. The stock has a market cap of $18.09 billion, a PE ratio of 45.12 and a beta of 1.72. Toast, Inc. has a 12-month low of $22.26 and a 12-month high of $45.64. The company has a 50-day moving average of $29.15 and a 200 day moving average of $27.90.

Toast (NYSE:TOST) last released its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%.The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the business earned $0.13 earnings per share. On average, sell-side analysts forecast that Toast, Inc. will post 1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TOST has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price on Toast from $30.00 to $35.00 and gave the company a “market perform” rating in a report on Wednesday, August 5th. Zacks Research lowered Toast from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Oppenheimer boosted their price target on shares of Toast from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Toast in a report on Wednesday, May 20th. Finally, Wall Street Zen cut shares of Toast from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Institutional Trading of Toast

A number of hedge funds and other institutional investors have recently modified their holdings of TOST. Bayban purchased a new position in Toast during the fourth quarter worth about $25,000. SHP Wealth Management purchased a new stake in shares of Toast in the 4th quarter valued at approximately $29,000. Strive Financial Group LLC purchased a new stake in shares of Toast in the 4th quarter valued at approximately $29,000. Silicon Valley Capital Partners acquired a new position in shares of Toast in the 4th quarter worth approximately $36,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Toast by 2,083.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company’s stock worth $37,000 after acquiring an additional 1,000 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

About Toast

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.