Toast (NYSE:TOST) Shares Bought Rep. Thomas H. Kean, Jr.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of Toast, Inc. (NYSE:TOST). In a filing disclosed on August 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in Toast stock on July 8th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Stryker (NYSE:SYK) on 7/22/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 7/22/2026.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of EQT (NYSE:EQT) on 7/7/2026.
• Purchased $1,001 – $15,000 in shares of ESAB (NYSE:ESAB) on 7/7/2026.
• Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of S&P Global (NYSE:SPGI) on 6/29/2026.
• Sold $1,001 – $15,000 in shares of Markel Group (NYSE:MKL) on 6/29/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 6/29/2026.
• Purchased $1,001 – $15,000 in shares of ESAB (NYSE:ESAB) on 6/24/2026.

Toast Stock Performance

Shares of NYSE:TOST traded up $1.29 during midday trading on Friday, reaching $36.61. The company had a trading volume of 7,896,190 shares, compared to its average volume of 9,854,936. The company has a fifty day simple moving average of $30.43 and a two-hundred day simple moving average of $28.06. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 46.94 and a beta of 1.72. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $45.64.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). Toast had a return on equity of 23.90% and a net margin of 7.14%.The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. Analysts expect that Toast, Inc. will post 1 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Aman Narang sold 124,542 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $35.29, for a total transaction of $4,395,087.18. Following the completion of the sale, the chief executive officer owned 175,458 shares in the company, valued at $6,191,912.82. This represents a 41.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brian R. Elworthy sold 108,000 shares of Toast stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $25.89, for a total value of $2,796,120.00. Following the completion of the transaction, the general counsel directly owned 189,642 shares in the company, valued at approximately $4,909,831.38. This represents a 36.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 530,973 shares of company stock worth $17,385,739 over the last quarter. 10.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Toast

A number of institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Toast in the 4th quarter valued at $202,808,000. ValueAct Holdings L.P. boosted its holdings in Toast by 135.9% during the fourth quarter. ValueAct Holdings L.P. now owns 8,015,277 shares of the company’s stock valued at $284,622,000 after acquiring an additional 4,618,077 shares during the period. XN LP boosted its holdings in Toast by 50.8% during the fourth quarter. XN LP now owns 8,988,386 shares of the company’s stock valued at $319,178,000 after acquiring an additional 3,029,856 shares during the period. Principal Financial Group Inc. grew its position in shares of Toast by 36.0% in the first quarter. Principal Financial Group Inc. now owns 7,977,244 shares of the company’s stock valued at $211,478,000 after purchasing an additional 2,111,009 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Toast by 131.9% in the second quarter. Wellington Management Group LLP now owns 2,456,114 shares of the company’s stock worth $68,329,000 after purchasing an additional 1,397,021 shares during the period. Institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

TOST has been the topic of a number of research analyst reports. DA Davidson lifted their price target on Toast from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Barclays lifted their target price on Toast from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Robert W. Baird increased their price target on shares of Toast from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Citigroup boosted their price objective on shares of Toast from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Toast in a research note on Monday. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.