Toast, Inc. (NYSE:TOST) Insider Stephen Fredette Sells 136,364 Shares

Toast, Inc. (NYSE:TOSTGet Rating) insider Stephen Fredette sold 136,364 shares of the stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $22.14, for a total value of $3,019,098.96. Following the transaction, the insider now owns 3,655,391 shares in the company, valued at approximately $80,930,356.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, December 15th, Stephen Fredette sold 404,654 shares of Toast stock. The shares were sold at an average price of $18.82, for a total value of $7,615,588.28.

Toast Stock Up 2.8 %

Shares of NYSE TOST traded up $0.60 during midday trading on Wednesday, reaching $22.06. 6,157,129 shares of the company traded hands, compared to its average volume of 4,286,308. The stock’s 50-day simple moving average is $18.55 and its 200-day simple moving average is $18.35. Toast, Inc. has a 12 month low of $11.91 and a 12 month high of $30.60.

Toast (NYSE:TOSTGet Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.03. Toast had a negative return on equity of 25.85% and a negative net margin of 6.99%. The company had revenue of $752.00 million during the quarter, compared to analysts’ expectations of $714.61 million. As a group, equities research analysts expect that Toast, Inc. will post -0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TOST. Wolfe Research began coverage on Toast in a research report on Tuesday, November 29th. They issued a “peer perform” rating and a $18.00 price objective for the company. Robert W. Baird cut Toast from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $26.00 to $24.00 in a research report on Tuesday. KeyCorp increased their price objective on Toast from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, November 11th. Morgan Stanley increased their price objective on Toast from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 11th. Finally, Credit Suisse Group increased their price objective on Toast to $21.50 in a research report on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.72.

Institutional Trading of Toast

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AJ Wealth Strategies LLC increased its stake in shares of Toast by 23.0% in the fourth quarter. AJ Wealth Strategies LLC now owns 14,074 shares of the company’s stock valued at $254,000 after buying an additional 2,630 shares in the last quarter. Beaumont Financial Advisors LLC acquired a new stake in Toast in the fourth quarter worth about $1,803,000. Crestwood Capital Management L.P. increased its position in Toast by 24.6% in the fourth quarter. Crestwood Capital Management L.P. now owns 366,562 shares of the company’s stock worth $6,609,000 after purchasing an additional 72,349 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its position in Toast by 6.8% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 36,186 shares of the company’s stock worth $652,000 after purchasing an additional 2,317 shares during the period. Finally, Xponance Inc. increased its position in Toast by 18.0% in the fourth quarter. Xponance Inc. now owns 34,342 shares of the company’s stock worth $619,000 after purchasing an additional 5,250 shares during the period. 50.82% of the stock is currently owned by institutional investors and hedge funds.

About Toast

(Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.

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Insider Buying and Selling by Quarter for Toast (NYSE:TOST)

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