Rep. Thomas H. Kean, Jr. Buys Shares of Toast, Inc. (NYSE:TOST)

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of Toast, Inc. (NYSE:TOST). In a filing disclosed on August 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in Toast stock on July 8th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Stryker (NYSE:SYK) on 7/22/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 7/22/2026.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of EQT (NYSE:EQT) on 7/7/2026.
• Purchased $1,001 – $15,000 in shares of ESAB (NYSE:ESAB) on 7/7/2026.
• Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 6/30/2026.
• Sold $1,001 – $15,000 in shares of S&P Global (NYSE:SPGI) on 6/29/2026.
• Sold $1,001 – $15,000 in shares of Markel Group (NYSE:MKL) on 6/29/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 6/29/2026.
• Purchased $1,001 – $15,000 in shares of ESAB (NYSE:ESAB) on 6/24/2026.

Toast Price Performance

Shares of NYSE:TOST opened at $36.61 on Friday. The business’s fifty day moving average price is $30.43 and its two-hundred day moving average price is $28.06. Toast, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $45.64. The stock has a market capitalization of $18.82 billion, a price-to-earnings ratio of 46.94 and a beta of 1.72.

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

Insider Buying and Selling at Toast

In other news, CRO Jonathan Vassil sold 13,931 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $36.01, for a total value of $501,655.31. Following the transaction, the executive directly owned 69,966 shares of the company’s stock, valued at $2,519,475.66. This represents a 16.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Elena Gomez sold 5,761 shares of Toast stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $35.37, for a total transaction of $203,766.57. Following the sale, the chief financial officer directly owned 160,150 shares of the company’s stock, valued at $5,664,505.50. The trade was a 3.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 530,973 shares of company stock valued at $17,385,739 in the last quarter. 10.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on TOST. DA Davidson increased their target price on shares of Toast from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Mizuho decreased their price target on Toast from $45.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Canaccord Genuity Group set a $40.00 target price on shares of Toast in a research note on Wednesday, August 5th. Weiss Ratings restated a “hold (c)” rating on shares of Toast in a research report on Monday. Finally, Wells Fargo & Company lifted their price objective on Toast from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Seventeen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Toast currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Institutional Investors Weigh In On Toast

A number of hedge funds and other institutional investors have recently made changes to their positions in TOST. Bayban acquired a new stake in Toast in the 4th quarter valued at approximately $25,000. SHP Wealth Management bought a new stake in Toast during the fourth quarter worth $29,000. Strive Financial Group LLC bought a new stake in Toast during the fourth quarter worth $29,000. Ancora Advisors LLC acquired a new stake in Toast in the second quarter valued at $31,000. Finally, Silicon Valley Capital Partners acquired a new stake in Toast in the 4th quarter valued at about $36,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.