Toast (NYSE:TOST) Issues Earnings Results, Misses Estimates By $0.01 EPS

Toast (NYSE:TOST) announced its quarterly earnings data on Wednesday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01), Zacks reports. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%.

Toast Stock Performance

Shares of Toast stock opened at $40.10 on Thursday. The company has a fifty day moving average of $38.59 and a 200 day moving average of $33.30. Toast has a fifty-two week low of $20.49 and a fifty-two week high of $44.12. The company has a market capitalization of $18.89 billion, a P/E ratio of -308.48, a P/E/G ratio of 2.27 and a beta of 1.98.

Insider Buying and Selling at Toast

In other Toast news, President Stephen Fredette sold 1,068 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the transaction, the president now owns 1,644,656 shares of the company’s stock, valued at $65,177,717.28. This represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Yuan sold 189,785 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the transaction, the director now directly owns 198,829 shares of the company’s stock, valued at $8,551,635.29. This trade represents a 48.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 339,564 shares of company stock valued at $13,577,845 in the last 90 days. Insiders own 13.32% of the company’s stock.

Analyst Upgrades and Downgrades

TOST has been the subject of a number of recent analyst reports. Piper Sandler boosted their price objective on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. The Goldman Sachs Group decreased their price objective on shares of Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Toast in a report on Thursday. Keefe, Bruyette & Woods boosted their target price on shares of Toast from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Royal Bank of Canada boosted their target price on shares of Toast from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Toast presently has a consensus rating of “Hold” and an average target price of $37.86.

About Toast

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.