James Michael Matlock Sells 4,151 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) insider James Michael Matlock sold 4,151 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $23.19, for a total value of $96,261.69. Following the completion of the transaction, the insider now directly owns 46,510 shares in the company, valued at approximately $1,078,566.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

James Michael Matlock also recently made the following trade(s):

• On Monday, April 15th, James Michael Matlock sold 798 shares of Toast stock. The stock was sold at an average price of $22.99, for a total value of $18,346.02.
• On Tuesday, April 2nd, James Michael Matlock sold 1,205 shares of Toast stock. The shares were sold at an average price of $23.40, for a total value of $28,197.00.
• On Friday, March 15th, James Michael Matlock sold 787 shares of Toast stock. The shares were sold at an average price of $23.59, for a total value of $18,565.33.

Toast Stock Up 3.6 %

Shares of TOST traded up $0.82 during mid-day trading on Monday, reaching $23.56. The company had a trading volume of 7,110,102 shares, compared to its average volume of 7,950,186. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $27.00. The stock has a market capitalization of $10.63 billion, a P/E ratio of -45.69 and a beta of 1.77. The stock has a 50 day moving average of $23.55 and a two-hundred day moving average of $19.44.

Toast (NYSE:TOST) last issued its earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business earned ($0.19) earnings per share. The company’s revenue was up 34.7% compared to the same quarter last year. On average, sell-side analysts expect that Toast, Inc. will post -0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Piper Sandler lifted their target price on Toast from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Keefe, Bruyette & Woods started coverage on Toast in a research report on Tuesday, April 9th. They issued a “market perform” rating and a $25.00 price target for the company. Wells Fargo & Company boosted their price target on Toast from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. Evercore ISI began coverage on Toast in a research report on Monday, March 4th. They issued an “outperform” rating and a $32.00 price target for the company. Finally, UBS Group upped their target price on Toast from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.32.

Institutional Trading of Toast

Hedge funds have recently modified their holdings of the stock. Baystate Wealth Management LLC purchased a new stake in shares of Toast in the third quarter worth about $29,000. BluePath Capital Management LLC purchased a new stake in shares of Toast in the third quarter worth about $30,000. Principal Securities Inc. purchased a new position in Toast during the fourth quarter worth approximately $30,000. Cape Investment Advisory Inc. purchased a new position in Toast during the fourth quarter worth approximately $31,000. Finally, SRS Capital Advisors Inc. purchased a new position in Toast during the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.