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

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,367 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the sale, the executive now directly owns 39,834 shares in the company, valued at approximately $1,238,040.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $30.39, for a total transaction of $1,519,500.00.
• On Wednesday, October 2nd, Jonathan Vassil sold 4,780 shares of Toast stock. The stock was sold at an average price of $27.77, for a total transaction of $132,740.60.

Toast Price Performance

Toast stock opened at $30.81 on Wednesday. Toast, Inc. has a one year low of $13.77 and a one year high of $31.57. The stock’s 50 day moving average price is $27.61 and its 200 day moving average price is $25.77.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. DA Davidson increased their price target on Toast from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Mizuho raised Toast from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $21.00 to $33.00 in a research note on Thursday, July 18th. Robert W. Baird upped their price objective on shares of Toast from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Morgan Stanley raised their target price on shares of Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Bank of America boosted their target price on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.30.

Institutional Investors Weigh In On Toast

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in shares of Toast during the first quarter valued at about $27,000. West Branch Capital LLC purchased a new position in Toast in the second quarter valued at about $26,000. Toth Financial Advisory Corp purchased a new position in Toast in the third quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toast during the 2nd quarter worth approximately $33,000. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Toast in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.