Toast (NYSE:TOST) CFO Elena Gomez Sells 16,176 Shares of Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 16,176 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $35.29, for a total value of $570,851.04. Following the completion of the transaction, the chief financial officer directly owned 168,974 shares in the company, valued at approximately $5,963,092.46. This trade represents a 8.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 6th, Elena Gomez sold 900 shares of Toast stock. The stock was sold at an average price of $35.02, for a total value of $31,518.00.
• On Thursday, July 2nd, Elena Gomez sold 11,605 shares of Toast stock. The stock was sold at an average price of $28.85, for a total transaction of $334,804.25.

Toast Stock Performance

NYSE TOST opened at $34.47 on Friday. The company has a market cap of $17.72 billion, a PE ratio of 44.19 and a beta of 1.72. The firm’s 50 day moving average price is $28.44 and its 200-day moving average price is $27.90. Toast, Inc. has a 52-week low of $22.26 and a 52-week high of $46.11.

Toast (NYSE:TOST) last posted its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Toast had a return on equity of 23.90% and a net margin of 7.14%.The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. On average, analysts forecast that Toast, Inc. will post 0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toast

Several hedge funds have recently modified their holdings of TOST. Bayban acquired a new stake in Toast in the 4th quarter worth approximately $25,000. SHP Wealth Management acquired a new position in Toast during the 4th quarter valued at approximately $29,000. Strive Financial Group LLC acquired a new position in Toast during the 4th quarter valued at approximately $29,000. Silicon Valley Capital Partners purchased a new position in shares of Toast in the fourth quarter worth $36,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Toast by 2,083.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,048 shares of the company’s stock worth $37,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Key Headlines Impacting Toast

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Analysts raise price targets: BMO Capital Markets lifted its Toast price target to $40, while Needham and Keefe, Bruyette & Woods also expressed expectations for meaningful appreciation. These calls reinforce the bullish case following Toast’s growth and improving profitability. BMO Capital Markets Raises Toast Price Target Needham Forecasts Toast Price Appreciation Keefe Bruyette Woods Toast Outlook
• Positive Sentiment: AI and partnership momentum: A report highlights Toast’s AI initiatives and relationships with Google and hotel operators as potential catalysts for expanding its addressable market and strengthening the long-term growth story. Toast AI, Google, and Hotel Partnership Report
• Positive Sentiment: Options activity signals bullish positioning: High trading volume in Toast call options suggests some traders are positioning for additional upside, although options activity is a market signal rather than a change in fundamentals. Toast High Call Option Volume
• Neutral Sentiment: Mixed quarterly results: Toast exceeded revenue expectations, reporting $1.91 billion, up 23.1% year over year, but adjusted earnings per share fell short of consensus estimates. The revenue growth supports the bull case, while the earnings miss raises questions about execution and near-term margins. Toast Second Quarter Sales Report
• Negative Sentiment: Valuation concerns: A Seeking Alpha analysis recommended trimming the position, arguing that Toast’s valuation could become difficult to justify if growth or profitability slows. This is a risk after the stock’s recent rally. Toast Valuation Downgrade
• Negative Sentiment: Executives sell shares: CEO Aman Narang sold approximately $4.9 million of Toast stock, while the CFO and CRO also sold shares. Because the transactions were made under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than diminished confidence, but the volume can still weigh on sentiment.

Wall Street Analysts Forecast Growth

TOST has been the subject of a number of recent research reports. Oppenheimer boosted their target price on shares of Toast from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday. DA Davidson raised their price target on shares of Toast from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Evercore reaffirmed an “outperform” rating on shares of Toast in a research report on Wednesday. Keefe, Bruyette & Woods boosted their price objective on shares of Toast from $30.00 to $35.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Truist Financial increased their target price on shares of Toast from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Seventeen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Toast currently has an average rating of “Moderate Buy” and an average target price of $38.62.

About Toast

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.