Toast (NYSE:TOST) CFO Sells $233,850.51 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 8,929 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $26.19, for a total transaction of $233,850.51. Following the sale, the chief financial officer directly owned 173,064 shares in the company, valued at $4,532,546.16. This trade represents a 4.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 3rd, Elena Gomez sold 1,437 shares of Toast stock. The stock was sold at an average price of $30.34, for a total transaction of $43,598.58.
• On Monday, January 5th, Elena Gomez sold 6,672 shares of Toast stock. The shares were sold at an average price of $34.38, for a total transaction of $229,383.36.

Toast Trading Down 0.1%

Shares of TOST traded down $0.03 during mid-day trading on Friday, reaching $26.44. 9,600,162 shares of the stock traded hands, compared to its average volume of 10,888,302. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 48.97 and a beta of 1.90. Toast, Inc. has a 1 year low of $24.35 and a 1 year high of $49.66. The firm has a fifty day moving average price of $28.25 and a 200 day moving average price of $33.41.

Toast (NYSE:TOST) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). Toast had a net margin of 5.56% and a return on equity of 18.14%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the business posted $0.05 EPS. Toast’s quarterly revenue was up 22.0% on a year-over-year basis. On average, sell-side analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Toast announced that its board has authorized a stock repurchase plan on Thursday, February 12th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Toast

A number of large investors have recently modified their holdings of TOST. Cim LLC boosted its stake in Toast by 0.7% in the second quarter. Cim LLC now owns 38,302 shares of the company’s stock worth $1,696,000 after buying an additional 273 shares in the last quarter. Wynn Capital LLC raised its stake in shares of Toast by 2.1% during the fourth quarter. Wynn Capital LLC now owns 13,755 shares of the company’s stock worth $488,000 after acquiring an additional 280 shares in the last quarter. Bridgewater Advisors Inc. raised its stake in shares of Toast by 2.3% during the third quarter. Bridgewater Advisors Inc. now owns 13,107 shares of the company’s stock worth $472,000 after acquiring an additional 294 shares in the last quarter. Trinity Financial Advisors LLC lifted its holdings in shares of Toast by 2.5% in the 3rd quarter. Trinity Financial Advisors LLC now owns 12,094 shares of the company’s stock worth $442,000 after acquiring an additional 296 shares during the last quarter. Finally, Purus Wealth Management LLC lifted its holdings in shares of Toast by 5.8% in the 3rd quarter. Purus Wealth Management LLC now owns 6,002 shares of the company’s stock worth $219,000 after acquiring an additional 330 shares during the last quarter. 82.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on TOST. Sanford C. Bernstein set a $39.00 price objective on Toast in a report on Monday, February 16th. Loop Capital began coverage on shares of Toast in a research report on Tuesday. They set a “hold” rating and a $26.00 target price for the company. Wolfe Research cut shares of Toast from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Stephens set a $42.00 price target on shares of Toast in a report on Friday, January 16th. Finally, Needham & Company LLC lowered their price objective on shares of Toast from $60.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.88.

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.