Toast (NYSE:TOST) CRO Jonathan Vassil Sells 4,787 Shares

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 4,787 shares of Toast stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $34.38, for a total transaction of $164,577.06. Following the completion of the sale, the executive owned 79,802 shares of the company’s stock, valued at approximately $2,743,592.76. The trade was a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, January 2nd, Jonathan Vassil sold 66,390 shares of Toast stock. The shares were sold at an average price of $35.86, for a total value of $2,380,745.40.
• On Tuesday, November 4th, Jonathan Vassil sold 1,442 shares of Toast stock. The stock was sold at an average price of $35.54, for a total transaction of $51,248.68.

Toast Stock Up 4.6%

Toast stock traded up $1.60 during trading hours on Tuesday, reaching $36.10. 9,837,586 shares of the company’s stock were exchanged, compared to its average volume of 10,598,903. The firm has a market capitalization of $18.59 billion, a PE ratio of 83.95 and a beta of 1.93. Toast, Inc. has a twelve month low of $28.12 and a twelve month high of $49.66. The firm’s 50 day simple moving average is $35.46 and its 200 day simple moving average is $39.80.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. Toast had a net margin of 4.68% and a return on equity of 15.77%. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. Analysts anticipate that Toast, Inc. will post 0.39 EPS for the current year.

Institutional Trading of Toast

A number of large investors have recently made changes to their positions in the stock. Baird Financial Group Inc. grew its holdings in shares of Toast by 8.3% in the first quarter. Baird Financial Group Inc. now owns 9,408 shares of the company’s stock worth $312,000 after acquiring an additional 720 shares during the period. Royal Bank of Canada boosted its position in Toast by 193.2% in the first quarter. Royal Bank of Canada now owns 618,456 shares of the company’s stock worth $20,515,000 after purchasing an additional 407,518 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in shares of Toast during the 1st quarter valued at about $3,317,000. Amundi grew its stake in shares of Toast by 137.2% during the 1st quarter. Amundi now owns 1,111,179 shares of the company’s stock valued at $36,291,000 after purchasing an additional 642,792 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of Toast by 7.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,439 shares of the company’s stock worth $147,000 after purchasing an additional 301 shares during the period. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TOST. DA Davidson set a $42.00 price target on Toast in a research report on Wednesday, November 5th. Citigroup upgraded shares of Toast to a “strong-buy” rating in a report on Thursday, October 23rd. UBS Group restated a “buy” rating on shares of Toast in a report on Thursday, December 18th. JPMorgan Chase & Co. raised Toast from a “neutral” rating to an “overweight” rating and set a $43.00 price objective on the stock in a research report on Thursday, December 4th. Finally, Truist Financial dropped their price target on Toast from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Toast currently has an average rating of “Moderate Buy” and a consensus price target of $45.18.

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.