Toast, Inc. (NYSE:TOST) General Counsel Sells $25,878.39 in Stock

Toast, Inc. (NYSE:TOST) General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $25,878.39. Following the completion of the sale, the general counsel now directly owns 209,206 shares in the company, valued at $8,290,833.78. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Toast Trading Up 5.3 %

Shares of TOST traded up $2.07 during mid-day trading on Wednesday, hitting $41.31. The company’s stock had a trading volume of 5,900,445 shares, compared to its average volume of 5,030,922. The firm has a 50-day simple moving average of $38.49 and a 200 day simple moving average of $32.18. The firm has a market capitalization of $19.46 billion, a P/E ratio of -317.75, a P/E/G ratio of 2.18 and a beta of 1.98. Toast, Inc. has a 1-year low of $18.14 and a 1-year high of $44.12.

Toast (NYSE:TOST) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. During the same period last year, the firm earned ($0.09) EPS. As a group, sell-side analysts predict that Toast, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Piper Sandler lifted their price target on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Robert W. Baird boosted their target price on shares of Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Morgan Stanley lifted their price target on Toast from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Oppenheimer initiated coverage on Toast in a research report on Friday, January 24th. They issued an “outperform” rating and a $46.00 price target for the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.74.

Institutional Trading of Toast

Several hedge funds have recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Toast by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock worth $1,408,000 after purchasing an additional 301 shares during the last quarter. Mirador Capital Partners LP raised its holdings in Toast by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock worth $1,529,000 after purchasing an additional 360 shares during the last quarter. Blue Trust Inc. raised its holdings in Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Toast by 1.9% during the third quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock worth $626,000 after purchasing an additional 409 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Toast by 1.6% during the third quarter. Private Advisor Group LLC now owns 28,151 shares of the company’s stock worth $797,000 after purchasing an additional 441 shares during the last quarter. 82.91% of the stock is owned by institutional investors and hedge funds.

Toast Company Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.