Insider Selling: Toast, Inc. (NYSE:TOST) CRO Sells 1,367 Shares of Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,367 shares of Toast stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $31.08, for a total value of $42,486.36. Following the completion of the transaction, the executive now owns 39,834 shares of the company’s stock, valued at $1,238,040.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, October 18th, Jonathan Vassil sold 50,000 shares of Toast stock. The stock was sold at an average price of $30.39, for a total value of $1,519,500.00.
• On Wednesday, October 2nd, Jonathan Vassil sold 4,780 shares of Toast stock. The shares were sold at an average price of $27.77, for a total value of $132,740.60.

Toast Trading Up 1.6 %

NYSE TOST opened at $30.81 on Wednesday. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $31.57. The company’s 50 day simple moving average is $27.61 and its 200 day simple moving average is $25.77.

Toast (NYSE:TOST) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned ($0.19) EPS. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. As a group, analysts predict that Toast, Inc. will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Toast

Several hedge funds have recently made changes to their positions in the business. Capital International Investors boosted its holdings in Toast by 12.2% during the first quarter. Capital International Investors now owns 32,924,082 shares of the company’s stock worth $820,468,000 after buying an additional 3,574,397 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Toast by 21.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,524,700 shares of the company’s stock valued at $486,557,000 after acquiring an additional 3,445,788 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Toast by 9.1% during the 1st quarter. Champlain Investment Partners LLC now owns 9,976,356 shares of the company’s stock worth $248,611,000 after acquiring an additional 833,390 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Toast in the 1st quarter worth $179,111,000. Finally, Meritage Group LP raised its position in shares of Toast by 37.3% during the first quarter. Meritage Group LP now owns 5,284,811 shares of the company’s stock worth $131,697,000 after purchasing an additional 1,436,494 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Bank of America increased their target price on shares of Toast from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Wedbush upgraded shares of Toast to a “strong-buy” rating in a research note on Friday, September 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $27.00 target price on shares of Toast in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on Toast from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Toast currently has an average rating of “Moderate Buy” and an average price target of $29.30.

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.