Toast, Inc. (NYSE:TOST) President Stephen Fredette Sells 44,056 Shares

Toast, Inc. (NYSE:TOST) President Stephen Fredette sold 44,056 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $35.15, for a total value of $1,548,568.40. Following the completion of the transaction, the president now owns 1,447,717 shares of the company’s stock, valued at $50,887,252.55. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 17th, Stephen Fredette sold 47,073 shares of Toast stock. The shares were sold at an average price of $35.03, for a total transaction of $1,648,967.19.
• On Wednesday, March 12th, Stephen Fredette sold 300 shares of Toast stock. The stock was sold at an average price of $35.00, for a total transaction of $10,500.00.
• On Friday, March 7th, Stephen Fredette sold 70,340 shares of Toast stock. The shares were sold at an average price of $33.87, for a total transaction of $2,382,415.80.
• On Tuesday, February 4th, Stephen Fredette sold 1,068 shares of Toast stock. The stock was sold at an average price of $39.63, for a total value of $42,324.84.

Toast Trading Down 1.9 %

Shares of Toast stock opened at $35.20 on Friday. The stock’s fifty day moving average price is $37.82 and its 200-day moving average price is $35.07. The firm has a market cap of $17.39 billion, a P/E ratio of -3,516.78, a P/E/G ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 12 month low of $21.32 and a 12 month high of $44.12.

Toast (NYSE:TOST) last posted its quarterly 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). Toast had a net margin of 0.40% and a return on equity of 1.54%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Analysts forecast that Toast, Inc. will post 0.39 earnings per share for the current year.

Institutional Trading of Toast

A number of hedge funds have recently bought and sold shares of TOST. Blue Trust Inc. raised its position in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new position in Toast in the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new position in Toast in the fourth quarter worth about $34,000. SBI Securities Co. Ltd. bought a new position in Toast in the fourth quarter worth about $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Toast in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

TOST has been the subject of a number of recent research reports. 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 objective on shares of Toast from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Oppenheimer began coverage on shares of Toast in a research report on Friday, January 24th. They set an “outperform” rating and a $46.00 price objective on the stock. BMO Capital Markets raised their target price on shares of Toast from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Toast from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Toast currently has a consensus rating of “Hold” and an average target price of $40.48.

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.