Toast, Inc. (NYSE:TOST) CFO Elena Gomez Sells 12,500 Shares

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $26.39, for a total transaction of $329,875.00. Following the transaction, the chief financial officer now directly owns 176,980 shares of the company’s stock, valued at $4,670,502.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Elena Gomez also recently made the following trade(s):

• On Tuesday, April 2nd, Elena Gomez sold 15,063 shares of Toast stock. The stock was sold at an average price of $23.40, for a total value of $352,474.20.

Toast Stock Up 1.0 %

Shares of TOST opened at $27.08 on Friday. The business has a fifty day moving average of $23.79 and a 200 day moving average of $19.62. The company has a market cap of $12.22 billion, a PE ratio of -52.59 and a beta of 1.77. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $27.57.

Toast (NYSE:TOST) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.15). Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business earned ($0.16) EPS. Toast’s revenue was up 31.3% compared to the same quarter last year. As a group, research analysts anticipate that Toast, Inc. will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Toast

A number of large investors have recently modified their holdings of TOST. Morgan Stanley raised its stake in Toast by 149.3% in the third quarter. Morgan Stanley now owns 12,007,286 shares of the company’s stock worth $224,896,000 after buying an additional 7,191,595 shares in the last quarter. Norges Bank purchased a new position in shares of Toast in the fourth quarter worth about $76,699,000. Meritage Group LP purchased a new stake in Toast in the fourth quarter valued at approximately $70,270,000. Vanguard Group Inc. increased its stake in shares of Toast by 11.1% in the third quarter. Vanguard Group Inc. now owns 35,079,123 shares of the company’s stock worth $657,032,000 after acquiring an additional 3,494,579 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Toast by 69.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,600,377 shares of the company’s stock valued at $120,523,000 after buying an additional 2,708,597 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on TOST shares. Robert W. Baird upped their target price on shares of Toast from $24.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Royal Bank of Canada increased their target price on Toast from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Wednesday. BNP Paribas raised Toast from a “neutral” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Thursday, March 7th. The Goldman Sachs Group increased their price objective on shares of Toast from $26.00 to $29.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, UBS Group boosted their target price on shares of Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.80.

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.