Toast (NYSE:TOST) CRO Sells 13,465 Shares of Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 13,465 shares of Toast stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $29.69, for a total transaction of $399,775.85. Following the completion of the transaction, the executive directly owned 77,424 shares in the company, valued at $2,298,718.56. This trade represents a 14.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, September 2nd, Jonathan Vassil sold 14,280 shares of Toast stock. The stock was sold at an average price of $33.90, for a total value of $484,092.00.
• On Friday, August 21st, Jonathan Vassil sold 85,280 shares of Toast stock. The shares were sold at an average price of $36.34, for a total value 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 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 value 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.

Toast Trading Up 1.0%

NYSE TOST traded up $0.29 during trading on Monday, hitting $30.08. 12,414,094 shares of the company’s stock were exchanged, compared to its average volume of 11,170,402. The company has a market cap of $15.46 billion, a PE ratio of 38.56 and a beta of 1.74. Toast, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $39.72. The stock’s 50 day moving average price is $33.06 and its two-hundred day moving average price is $28.96.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share 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 during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. Analysts forecast that Toast, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TOST shares. Royal Bank Of Canada raised their target price on shares of Toast from $36.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, August 31st. Needham & Company LLC increased their price target on Toast from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded Toast from a “buy” rating to a “hold” rating in a report on Sunday. Sanford C. Bernstein boosted their price objective on Toast from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Evercore reaffirmed an “outperform” rating on shares of Toast in a report on Wednesday, August 5th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.12.

Institutional Investors Weigh In On Toast

Institutional investors have recently made changes to their positions in the stock. Bayban bought a new position in shares of Toast during the fourth quarter worth about $25,000. SHP Wealth Management bought a new stake in Toast in the fourth quarter valued at approximately $29,000. Ancora Advisors LLC acquired a new stake in Toast during the 2nd quarter valued at approximately $31,000. Montag A & Associates Inc. raised its holdings in Toast by 172.0% during the 1st quarter. Montag A & Associates Inc. now owns 1,455 shares of the company’s stock worth $39,000 after purchasing an additional 920 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in Toast by 213.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 1,568 shares of the company’s stock worth $44,000 after purchasing an additional 1,068 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Toast Company Profile

Toast, Inc (NYSE:TOST) provides a cloud-based technology platform designed for restaurants and other foodservice businesses. Its platform combines point-of-sale hardware and software with tools for payment processing, menu and order management, employee operations, inventory, reporting and customer engagement.

The company’s products and services support in-restaurant, online and delivery orders, as well as gift cards, loyalty programs, marketing and payroll-related functions. Toast also offers restaurant-specific hardware, including terminals, handheld devices, kitchen display systems and self-service kiosks, allowing businesses to manage operations through an integrated technology ecosystem.

Founded in 2011 and headquartered in Boston, Toast initially focused on helping restaurants replace traditional point-of-sale systems with cloud-based technology.