Toast (NYSE:TOST) CRO Sells $3,099,075.20 in Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 85,280 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $36.34, for a total value of $3,099,075.20. Following the transaction, the executive directly owned 69,966 shares in the company, valued at approximately $2,542,564.44. This represents a 54.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The stock was sold at an average price of $36.01, for a total value of $501,655.31.
• 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 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 stock was 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 transaction of $191,765.95.

Toast Stock Down 4.9%

Shares of TOST stock opened at $35.17 on Friday. The company has a market cap of $18.08 billion, a P/E ratio of 45.09 and a beta of 1.72. The business has a 50 day moving average of $31.36 and a two-hundred day moving average of $28.28. Toast, Inc. has a 52 week low of $22.26 and a 52 week high of $45.64.

Toast (NYSE:TOST) last announced its quarterly earnings results 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 net margin of 7.14% and a return on equity of 23.90%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. Analysts expect that Toast, Inc. will post 1 EPS for the current fiscal year.

Institutional Investors Weigh In On Toast

Several hedge funds and other institutional investors have recently bought and sold shares of TOST. HB Wealth Management LLC raised its holdings in shares of Toast by 2.5% in the 2nd quarter. HB Wealth Management LLC now owns 12,748 shares of the company’s stock worth $355,000 after purchasing an additional 315 shares in the last quarter. BOKF NA grew its position in Toast by 4.5% in the third quarter. BOKF NA now owns 8,023 shares of the company’s stock worth $293,000 after buying an additional 345 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Toast by 0.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 67,909 shares of the company’s stock worth $1,800,000 after buying an additional 358 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Toast by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 22,857 shares of the company’s stock valued at $1,012,000 after buying an additional 380 shares in the last quarter. Finally, Seven Mile Advisory increased its holdings in shares of Toast by 3.1% in the third quarter. Seven Mile Advisory now owns 12,689 shares of the company’s stock valued at $463,000 after buying an additional 381 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TOST. BMO Capital Markets raised their target price on Toast from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Mizuho decreased their price target on Toast from $45.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Jefferies Financial Group set a $40.00 price target on Toast in a report on Wednesday, August 5th. Wells Fargo & Company lifted their price objective on shares of Toast from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group raised shares of Toast from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Thursday, July 9th. Seventeen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock 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.