Toast (NYSE:TOST) CRO Jonathan Vassil Sells 13,931 Shares

Toast, Inc. (NYSE:TOST) 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 transaction of $501,655.31. Following the completion of the transaction, the executive owned 69,966 shares of the company’s stock, valued at $2,519,475.66. This represents a 16.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Tuesday, August 11th, Jonathan Vassil sold 13,797 shares of Toast stock. The stock was sold at an average price of $36.01, for a total transaction of $496,829.97.
• On Wednesday, August 5th, Jonathan Vassil sold 4,700 shares of Toast stock. The shares were 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 shares were 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 stock was sold at an average price of $28.85, for a total value of $191,765.95.

Toast Price Performance

TOST opened at $36.61 on Friday. The stock has a market cap of $18.82 billion, a P/E ratio of 46.94 and a beta of 1.72. The stock’s 50 day simple moving average is $30.43 and its 200 day simple moving average is $28.06. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $45.64.

Toast (NYSE:TOST) last issued 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 firm 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 for the quarter was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. Research analysts expect that Toast, Inc. will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Toast from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Oppenheimer raised their target price on shares of Toast from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods lifted their target price on shares of Toast from $30.00 to $35.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Toast in a report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Toast in a research report on Monday. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.00.

Institutional Trading of Toast

A number of large investors have recently made changes to their positions in TOST. Jennison Associates LLC boosted its stake in shares of Toast by 1.0% during the 4th quarter. Jennison Associates LLC now owns 15,157,955 shares of the company’s stock worth $538,259,000 after purchasing an additional 157,394 shares during the last quarter. Morgan Stanley grew its holdings in shares of Toast by 6.7% during the fourth quarter. Morgan Stanley now owns 10,372,626 shares of the company’s stock worth $368,332,000 after buying an additional 653,487 shares in the last quarter. State Street Corp raised its position in shares of Toast by 3.0% in the fourth quarter. State Street Corp now owns 9,820,594 shares of the company’s stock valued at $348,729,000 after buying an additional 282,282 shares during the last quarter. XN LP raised its position in shares of Toast by 50.8% in the fourth quarter. XN LP now owns 8,988,386 shares of the company’s stock valued at $319,178,000 after buying an additional 3,029,856 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Toast by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 8,675,056 shares of the company’s stock valued at $307,214,000 after buying an additional 169,230 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.