Aman Narang Sells 13,510 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CEO Aman Narang sold 13,510 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $35.02, for a total transaction of $473,120.20. Following the completion of the sale, the chief executive officer owned 161,948 shares of the company’s stock, valued at approximately $5,671,418.96. The trade was a 7.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aman Narang also recently made the following trade(s):

• On Wednesday, August 5th, Aman Narang sold 124,542 shares of Toast stock. The shares were sold at an average price of $35.29, for a total transaction of $4,395,087.18.
• On Thursday, July 2nd, Aman Narang sold 14,365 shares of Toast stock. The shares were sold at an average price of $28.85, for a total transaction of $414,430.25.

Toast Trading Down 0.7%

NYSE TOST opened at $34.47 on Friday. Toast, Inc. has a 1-year low of $22.26 and a 1-year high of $46.11. The firm’s fifty day simple moving average is $28.44 and its 200-day simple moving average is $27.90. The company has a market capitalization of $17.72 billion, a PE ratio of 44.19 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 analysts’ consensus estimates of $0.32 by ($0.06). Toast had a net margin of 7.14% and a return on equity of 23.90%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business posted $0.13 EPS. Toast’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, analysts predict that Toast, Inc. will post 0.99 EPS for the current year.

Toast News Roundup

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 Analyst Weigh In

Several brokerages recently commented on TOST. Truist Financial boosted their price target on Toast from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Needham & Company LLC boosted their target price on shares of Toast from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday. Sanford C. Bernstein boosted their target price on shares of Toast from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Toast in a research note on Wednesday, May 20th. Finally, Zacks Research downgraded shares of Toast from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.62.

Institutional Investors Weigh In On Toast

Several hedge funds and other institutional investors have recently modified their holdings of TOST. NewEdge Advisors LLC increased its stake in Toast by 1,555.5% during the first quarter. NewEdge Advisors LLC now owns 17,432 shares of the company’s stock valued at $578,000 after acquiring an additional 16,379 shares during the period. Cerity Partners LLC lifted its position in shares of Toast by 24.0% in the 2nd quarter. Cerity Partners LLC now owns 81,574 shares of the company’s stock worth $3,613,000 after acquiring an additional 15,774 shares during the period. State Street Corp grew its holdings in shares of Toast by 2.7% during the 2nd quarter. State Street Corp now owns 9,212,889 shares of the company’s stock worth $408,039,000 after purchasing an additional 245,276 shares in the last quarter. Frontier Capital Management Co. LLC bought a new stake in shares of Toast during the second quarter valued at approximately $4,479,000. Finally, Sei Investments Co. increased its position in shares of Toast by 24.6% during the second quarter. Sei Investments Co. now owns 1,030,007 shares of the company’s stock valued at $45,619,000 after purchasing an additional 203,404 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.