Toast (NYSE:TOST) General Counsel Sells $19,660.32 in Stock

Toast, Inc. (NYSE:TOST) General Counsel Brian Elworthy sold 648 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $30.34, for a total transaction of $19,660.32. Following the sale, the general counsel owned 237,261 shares of the company’s stock, valued at approximately $7,198,498.74. This represents a 0.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Toast Stock Performance

Shares of NYSE:TOST opened at $27.71 on Friday. Toast, Inc. has a one year low of $26.92 and a one year high of $49.66. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 64.44 and a beta of 1.93. The company has a 50-day simple moving average of $34.24 and a 200-day simple moving average of $37.98.

Toast (NYSE:TOST) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). Toast had a net margin of 4.68% and a return on equity of 15.77%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company earned $0.07 earnings per share. The firm’s revenue was up 25.1% on a year-over-year basis. As a group, research analysts forecast that Toast, Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TOST has been the topic of several recent research reports. Wolfe Research cut shares of Toast from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. UBS Group reiterated a “buy” rating on shares of Toast in a research note on Thursday, December 18th. Oppenheimer reduced their price objective on shares of Toast from $49.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. Citigroup raised Toast to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Stephens set a $42.00 target price on Toast in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.55.

Institutional Investors Weigh In On Toast

A number of institutional investors and hedge funds have recently modified their holdings of TOST. NewEdge Advisors LLC increased its holdings in Toast by 1,555.5% during the 1st quarter. NewEdge Advisors LLC now owns 17,432 shares of the company’s stock valued at $578,000 after acquiring an additional 16,379 shares in the last quarter. Truist Financial Corp grew its position in shares of Toast by 34.2% in the second quarter. Truist Financial Corp now owns 33,448 shares of the company’s stock valued at $1,481,000 after purchasing an additional 8,530 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Toast during the 2nd quarter worth approximately $31,000. Valeo Financial Advisors LLC acquired a new position in shares of Toast during the 2nd quarter worth approximately $209,000. Finally, SteelPeak Wealth LLC lifted its stake in Toast by 32.7% in the 2nd quarter. SteelPeak Wealth LLC now owns 20,270 shares of the company’s stock valued at $898,000 after buying an additional 5,000 shares in 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.