Deval L. Patrick Sells 34,222 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) Director Deval L. Patrick sold 34,222 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $33.01, for a total value of $1,129,668.22. Following the transaction, the director now directly owns 13,260 shares in the company, valued at $437,712.60. The trade was a 72.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Toast Stock Performance

Shares of NYSE TOST opened at $34.41 on Friday. The stock has a market cap of $17.00 billion, a P/E ratio of -3,437.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99. The firm has a 50 day moving average price of $38.05 and a two-hundred day moving average price of $34.70. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $44.12.

Toast (NYSE:TOST) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Analysts predict that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TOST has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Royal Bank of Canada lifted their target price on Toast from $40.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. Keefe, Bruyette & Woods lifted their price target on shares of Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. UBS Group increased their price target on Toast from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, Robert W. Baird upped their target price on Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Toast currently has an average rating of “Hold” and an average price target of $40.48.

Institutional Trading of Toast

Several institutional investors have recently added to or reduced their stakes in TOST. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Toast in the 4th quarter worth approximately $2,296,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in Toast during the 4th quarter worth about $280,000. Garde Capital Inc. acquired a new position in shares of Toast in the 4th quarter valued at about $123,000. Ascent Group LLC boosted its position in shares of Toast by 10.4% during the 4th quarter. Ascent Group LLC now owns 19,380 shares of the company’s stock valued at $706,000 after purchasing an additional 1,830 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Toast by 0.6% during the fourth quarter. Mackenzie Financial Corp now owns 147,553 shares of the company’s stock worth $5,378,000 after purchasing an additional 825 shares during the period. 82.91% of the stock is currently owned by institutional investors.

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.