Toast, Inc. (NYSE:TOST) CRO Sells $39,867.78 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,006 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $39,867.78. Following the sale, the executive now directly owns 48,488 shares of the company’s stock, valued at $1,921,579.44. This represents a 2.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, November 8th, Jonathan Vassil sold 100,000 shares of Toast stock. The shares were sold at an average price of $36.55, for a total value of $3,655,000.00.

Toast Stock Performance

Shares of NYSE TOST traded up $2.07 during trading hours on Wednesday, hitting $41.31. The company’s stock had a trading volume of 5,900,445 shares, compared to its average volume of 5,030,922. Toast, Inc. has a 12 month low of $18.14 and a 12 month high of $44.12. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of -317.75, a P/E/G ratio of 2.18 and a beta of 1.98. The business has a 50-day simple moving average of $38.49 and a 200-day simple moving average of $32.18.

Toast (NYSE:TOST) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted ($0.09) earnings per share. On average, equities research analysts forecast that Toast, Inc. will post 0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TOST. Robert W. Baird raised their price target on shares of Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Stephens boosted their target price on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their price target on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group decreased their price objective on Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, BMO Capital Markets began coverage on Toast in a report on Monday, January 6th. They issued an “outperform” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Toast has a consensus rating of “Hold” and a consensus target price of $35.74.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Toast by 0.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock valued at $1,408,000 after acquiring an additional 301 shares during the last quarter. Mirador Capital Partners LP lifted its position in Toast by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock valued at $1,529,000 after purchasing an additional 360 shares during the period. Blue Trust Inc. lifted its position in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock valued at $25,000 after purchasing an additional 378 shares during the period. D.A. Davidson & CO. boosted its holdings in Toast by 1.9% in the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock worth $626,000 after purchasing an additional 409 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Toast by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after purchasing an additional 441 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

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.