Toast (NYSE:TOST) CRO Sells $496,829.97 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 13,797 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $36.01, for a total transaction of $496,829.97. Following the transaction, the executive owned 69,966 shares in the company, valued at approximately $2,519,475.66. The trade was a 16.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The stock was sold at an average price of $36.02, for a total transaction of $169,294.00.
• On Monday, August 3rd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $32.89, for a total transaction of $469,669.20.
• On Tuesday, July 7th, Jonathan Vassil sold 3,150 shares of Toast stock. The shares were sold at an average price of $30.03, for a total transaction of $94,594.50.
• On Thursday, July 2nd, Jonathan Vassil sold 6,647 shares of Toast stock. The shares were sold at an average price of $28.85, for a total value of $191,765.95.

Toast Stock Performance

TOST stock opened at $34.76 on Friday. The business has a 50-day simple moving average of $29.36 and a two-hundred day simple moving average of $27.94. The company has a market capitalization of $17.87 billion, a P/E ratio of 44.57 and a beta of 1.72. Toast, Inc. has a 52-week low of $22.26 and a 52-week high of $45.64.

Toast (NYSE:TOST) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). Toast had a return on equity of 23.90% and a net margin of 7.14%.The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Toast, Inc. will post 1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TOST. Ancora Advisors LLC purchased a new stake in Toast in the 2nd quarter worth about $31,000. Globeflex Capital L P purchased a new position in shares of Toast in the second quarter worth about $4,526,000. Ballast Inc. purchased a new position in shares of Toast in the second quarter worth about $214,000. Canvas Wealth Advisors LLC bought a new position in Toast in the 2nd quarter worth approximately $345,000. Finally, Arkfeld Wealth Strategies L.L.C. grew its stake in Toast by 138.8% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 264,821 shares of the company’s stock valued at $7,807,000 after buying an additional 153,928 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TOST. Oppenheimer upped their target price on shares of Toast from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Citigroup upped their price objective on shares of Toast from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group upgraded shares of Toast from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Thursday, July 9th. Robert W. Baird boosted their price objective on Toast from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company raised their target price on Toast from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Toast has an average rating of “Moderate Buy” and a consensus price target of $39.00.

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.