Jonathan Vassil Sells 14,280 Shares of Toast (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 14,280 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $33.90, for a total transaction of $484,092.00. Following the transaction, the executive owned 69,966 shares of the company’s stock, valued at $2,371,847.40. This trade represents a 16.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The stock was sold at an average price of $36.34, for a total transaction of $3,099,075.20.
• On Wednesday, August 19th, Jonathan Vassil sold 13,931 shares of Toast stock. The shares were sold at an average price of $36.01, for a total transaction 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 value 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 value 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 value 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 Stock Up 0.0%

NYSE TOST opened at $33.94 on Friday. Toast, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $42.15. The business has a fifty day moving average of $32.41 and a 200-day moving average of $28.54. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 43.51 and a beta of 1.72.

Toast (NYSE:TOST) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.26 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 company 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 earned $0.13 EPS. The firm’s revenue was up 23.1% on a year-over-year basis. As a group, analysts anticipate that Toast, Inc. will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

TOST has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Toast in a research report on Monday, August 17th. Barclays increased their price target on Toast from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Robert W. Baird lifted their price objective on Toast from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods upped their target price on Toast from $30.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. Finally, Citigroup increased their target price on Toast from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Toast has a consensus rating of “Moderate Buy” and an average target price of $39.12.

Institutional Investors Weigh In On Toast

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bayban acquired a new stake in shares of Toast in the fourth quarter valued at about $25,000. SHP Wealth Management purchased a new position in Toast in the 4th quarter worth approximately $29,000. Strive Financial Group LLC purchased a new position in Toast in the 4th quarter worth approximately $29,000. Ancora Advisors LLC acquired a new stake in Toast in the second quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners purchased a new stake in shares of Toast during the fourth quarter valued at approximately $36,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

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.