Toast (NYSE:TOST) CRO Sells $501,655.31 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 13,931 shares of Toast stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $36.01, for a total transaction of $501,655.31. Following the sale, the executive directly owned 69,966 shares of the company’s stock, valued at $2,519,475.66. The trade was a 16.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The shares were sold at an average price of $36.01, for a total transaction of $496,829.97.
• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The stock was sold at an average price of $36.02, for a total value of $169,294.00.
• On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was 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 shares were 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 shares were sold at an average price of $28.85, for a total value of $191,765.95.

Toast Price Performance

Shares of NYSE TOST opened at $36.61 on Monday. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 46.94 and a beta of 1.72. The stock’s fifty day moving average price is $30.43 and its two-hundred day moving average price is $28.04. Toast, Inc. has a one year low of $22.26 and a one year high of $45.64.

Toast (NYSE:TOST) last announced its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.87 billion. During the same period in the previous year, the firm posted $0.13 EPS. The company’s revenue was up 23.1% compared to the same quarter last year. On average, equities analysts anticipate that Toast, Inc. will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TOST. Piper Sandler lifted their price target on shares of Toast from $32.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group raised Toast from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday, July 9th. Wall Street Zen lowered Toast from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Royal Bank Of Canada lifted their price objective on Toast from $31.00 to $36.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Finally, DA Davidson increased their target price on Toast from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Institutional Trading of Toast

A number of hedge funds have recently added to or reduced their stakes in TOST. Norges Bank acquired a new stake in shares of Toast during the fourth quarter worth $202,808,000. ValueAct Holdings L.P. raised its stake in Toast by 135.9% during the fourth quarter. ValueAct Holdings L.P. now owns 8,015,277 shares of the company’s stock worth $284,622,000 after buying an additional 4,618,077 shares during the last quarter. XN LP lifted its holdings in Toast by 50.8% in the fourth quarter. XN LP now owns 8,988,386 shares of the company’s stock valued at $319,178,000 after buying an additional 3,029,856 shares during the period. Principal Financial Group Inc. lifted its holdings in 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 buying an additional 2,111,009 shares during the period. Finally, Wellington Management Group LLP boosted its position in Toast by 131.9% during the second quarter. Wellington Management Group LLP now owns 2,456,114 shares of the company’s stock valued at $68,329,000 after acquiring an additional 1,397,021 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.