Toast, Inc. (NYSE:TOST) President Sells $2,613,499.02 in Stock

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 101,574 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $25.73, for a total transaction of $2,613,499.02. Following the sale, the president now directly owns 2,395,685 shares in the company, valued at $61,640,975.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Stephen Fredette also recently made the following trade(s):

• On Tuesday, September 10th, Stephen Fredette sold 211,686 shares of Toast stock. The shares were sold at an average price of $23.57, for a total transaction of $4,989,439.02.
• On Friday, August 2nd, Stephen Fredette sold 1,127 shares of Toast stock. The stock was sold at an average price of $24.00, for a total value of $27,048.00.
• On Tuesday, July 2nd, Stephen Fredette sold 3,810 shares of Toast stock. The shares were sold at an average price of $25.64, for a total value of $97,688.40.

Toast Trading Up 0.4 %

NYSE TOST traded up $0.10 during midday trading on Friday, hitting $26.19. The company had a trading volume of 4,963,196 shares, compared to its average volume of 7,480,587. The firm has a 50-day moving average price of $24.86 and a 200-day moving average price of $24.42. The company has a market capitalization of $12.07 billion, a PE ratio of -52.12 and a beta of 1.75. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.90.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. Toast’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. On average, equities analysts anticipate that Toast, Inc. will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Toast

Several institutional investors and hedge funds have recently added to or reduced their stakes in TOST. LRI Investments LLC acquired a new stake in shares of Toast in the 1st quarter valued at approximately $27,000. West Branch Capital LLC acquired a new stake in Toast in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Toast during the second quarter worth $33,000. 1620 Investment Advisors Inc. acquired a new position in shares of Toast during the second quarter worth $34,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Toast in the 1st quarter valued at $37,000. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TOST shares. Bank of America reduced their target price on Toast from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Robert W. Baird downgraded shares of Toast from an “outperform” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a report on Tuesday, May 21st. Wedbush raised shares of Toast to a “strong-buy” rating in a research report on Friday, September 6th. Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $21.00 to $33.00 in a report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $26.00 price target on shares of Toast in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toast has an average rating of “Moderate Buy” and a consensus target price of $28.22.

Toast Company Profile

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.